Cognyte Appoints Two Veteran Industry Leaders to Board of Directors

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Cognyte Software Ltd. (CGNT) PT Raised to $7.50 at Evercore ISI

April 10, 2024 4:51 AM EDT

Evercore ISI analyst Kirk Materne raised the price target on Cognyte Software Ltd. (NASDAQ: CGNT) to $7.50 (from $5.00) while maintaining a In Line rating.

The analyst comments "CGNT delivered solid F4Q results with revenue coming in at $83.7mn, up 17.5% y/y (SIS Adj) vs. consensus of $80.1mn. Yesterdays reaction does not correlate with the execution and upbeat outlook. Commentary from mgmt sounded a bit more optimistic vs. what we have been hearing all year. With the macroeconomic climate stabilizing (more based on tax dollars vs.... More