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Cognyte (NASDAQ: CGNT) lifts share buyback authorization to $40 million

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Cognyte Software Ltd. has increased its share repurchase authorization, with the board approving an additional $20 million for buybacks. This is the company’s third $20 million approval since launching the program in November 2024.

The new authorization brings the total amount approved for share repurchases to $40 million. Of the original $20 million authorization, about $8.9 million had been used before this increase. Repurchases may be made through open market purchases, privately negotiated transactions or other methods, and can be suspended or discontinued at any time.

Buybacks under the added authorization may begin after a 30-day creditor objection period required under Israeli regulations. Cognyte expects to fund repurchases using cash on its balance sheet and ongoing cash flow generation, with repurchased shares available for general corporate purposes.

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Insights

Cognyte doubles its buyback capacity to $40M, signaling confidence but with flexible execution.

Cognyte’s board has approved an additional $20 million for share repurchases, lifting total authorization to $40 million. This follows two prior $20 million approvals since November 2024 and comes after using about $8.9 million of the initial program.

The company emphasizes a strong balance sheet, consistent cash generation and confidence in growth prospects as support for this authorization. Repurchases can occur via open market or negotiated transactions, and Cognyte may use Rule 10b5-1 trading plans, which can automate purchases within regulatory guidelines.

Execution remains discretionary: the company is not obligated to buy a set number of shares and can suspend or discontinue the program at any time. Additional repurchases can start only after a 30-day creditor objection period under Israeli regulations, so actual impact on share count and per-share metrics will depend on future market conditions and management decisions.


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
FORM 6-K
_______________________
CURRENT REPORT
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2026
Commission File Number: 001-39829
____________________
COGNYTE SOFTWARE LTD.
(Translation of registrant's name into English)
_______________________
33 Maskit
Herzliya Pituach
4673333, Israel
(Address of principal executive office)
indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F             Form 40-F



Explanatory Note

On March 3, 2026, Cognyte Software Ltd. issued a press release announcing the authorization of a share repurchase program. A copy of the press release is furnished as Exhibit 99.1 hereto.







EXHIBIT INDEX
  The following exhibit is furnished as part of this Form 6-K:
Exhibit Description
99.1
Press Release of Cognyte Software Ltd., dated March 3, 2026.




SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
COGNYTE SOFTWARE LTD.
(Registrant)
March 3, 2026By:/s/ Ilan Rotem
Ilan Rotem
Chief Legal Officer
 


 



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Press Release

Investor Relations Contact:
Dean Ridlon
Cognyte Software Ltd.
IR@cognyte.com


Cognyte Board Authorizes $20 Million Increase
to Share Repurchase Program

Latest authorization reflects continued execution of disciplined capital allocation


HERZLIYA, Israel, March 3, 2026 - Cognyte Software Ltd. (NASDAQ: CGNT), a global leader in software-driven technology for investigative analytics, today announced that its board of directors has approved a $20 million increase to the Company’s existing share repurchase program.

This authorization represents the Company’s third $20 million repurchase approval since launching its program in November 2024. The newly approved increase brings the total authorized for share repurchases to $40 million and reflects the board’s ongoing commitment to disciplined capital allocation and long-term shareholder value creation.

This authorization is in addition to the Company’s existing $20 million share repurchase authorization, of which approximately $8.9 million had been utilized prior to this authorization. The board and management remain committed to delivering long-term shareholder value, supported by the Company’s strong balance sheet, consistent cash generation and confidence in its growth prospects.

The Company may repurchase its ordinary shares from time to time through open market purchases, privately negotiated transactions or otherwise, all in accordance with U.S. securities laws and regulations, including Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended. The Company may also, from time to time, enter into plans that are compliant with Rule 10b5-1 of the Exchange Act to facilitate repurchases of its shares under this authorization. The repurchase program does not obligate the Company to acquire any particular number of ordinary shares, and the repurchase program may be suspended or discontinued at any time at the Company’s discretion. Repurchases under the additional repurchase program may begin after the conclusion of a 30-day period for creditors of the Company to object to the Company’s intent to effect a deemed distribution by way of repurchase in accordance with the Israeli Companies Regulations (Relief for Public Companies Whose Securities are Traded on Stock Exchanges Outside of Israel), 5760-2000 and the Israeli Companies Regulations (Approval of Distribution), 5761–2001. The timing, number and value of shares to be repurchased will depend on the market price of the Company’s ordinary shares, general market and economic conditions, and other factors. The Company expects to fund repurchases with cash on its balance sheet and ongoing cash flow generation. Any shares acquired will be available for general corporate purposes.



About Cognyte Software Ltd.



Cognyte is a leading software-driven technology company, focused on solutions for data processing and investigative analytics that allow customers to generate Actionable Intelligence for a Safer World™. Cognyte’s solutions empower law enforcement, national security, national and military intelligence agencies, and other organizations to navigate an increasingly complex threat landscape. With offerings that leverage state-of-the-art technology, including Artificial Intelligence (AI), big data analytics and advanced machine learning, Cognyte helps customers make smarter, faster decisions with their data for the best possible outcomes. Hundreds of customers rely on Cognyte’s investigative analytics solutions to uncover critical insights from past events and anticipate emerging threats. By harnessing AI-driven intelligence, Cognyte accelerates investigations with exceptional speed and accuracy while enabling customers to better investigate, anticipate, predict and mitigate risks with greater precision. Learn more at www.cognyte.com.

Cautionary Statement Regarding Forward-Looking Statements
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such statements are identified by use of the words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “should,” “views,” and similar expressions.

Any forward-looking statements contained herein are based on current expectations, but are subject to risks and uncertainties that could cause actual results to differ materially from those indicated, including, but not limited to, Cognyte’s ability to achieve its financial and business plans, goals and objectives and drive shareholder value, including with respect to its ability to successfully implement its strategy, and other risk factors discussed from time to time in Cognyte’s filings with the SEC, including those factors discussed under the caption “Risk Factors” in its most recent annual report on Form 20-F, filed with the Securities and Exchange Commission (“SEC”) on April 2, 2025, and in subsequent reports filed with or furnished to the SEC. Cognyte assumes no obligation and does not intend to update these forward-looking statements, except as required by law, to reflect events or circumstances occurring after today’s date.

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FAQ

What change did Cognyte Software Ltd. (CGNT) make to its share repurchase program?

Cognyte’s board approved a new $20 million increase to its existing share repurchase program, bringing total authorized buybacks to $40 million. This is the company’s third $20 million authorization since launching the program in November 2024.

How much of Cognyte’s original share repurchase authorization has been used?

Cognyte reports that approximately $8.9 million of its original $20 million share repurchase authorization had been utilized before this latest increase, leaving additional capacity under both the prior and newly approved amounts for future buybacks.

How will Cognyte (CGNT) fund its expanded $40 million buyback authorization?

Cognyte expects to fund repurchases with cash on its balance sheet and ongoing cash flow generation. The company highlights its strong balance sheet and consistent cash generation as support for the repurchase program and its long-term shareholder value objectives.

When can additional share repurchases under Cognyte’s new authorization begin?

Additional repurchases may begin after a 30-day creditor objection period, required under Israeli company regulations for distributions by way of repurchase. Only after this period can Cognyte start buybacks under the newly approved portion of the program.

Is Cognyte obligated to repurchase a specific number of shares under the program?

No, Cognyte is not obligated to repurchase any particular number of ordinary shares. The company can suspend or discontinue the repurchase program at any time, and the timing, number and value of shares repurchased will depend on market and economic conditions.

What methods can Cognyte use to repurchase its ordinary shares?

Cognyte may repurchase shares through open market purchases, privately negotiated transactions or other methods, in accordance with U.S. securities laws, including Rule 10b-18. It may also use Rule 10b5-1 plans to facilitate repurchases under the authorization.

Filing Exhibits & Attachments

1 document