Cognyte Reports Fourth Quarter and Fiscal Year Ended January 31, 2024 Financial Results
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Go back to Cognyte Reports Fourth Quarter and Fiscal Year Ended January 31, 2024 Financial Results
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
April 9, 2024 7:19 AM EDT
Cognyte Software (NASDAQ: CGNT) reported Q4 EPS of ($0.23), $0.04 better than the analyst estimate of ($0.27). Revenue for the quarter came in at $83.7 million versus the consensus estimate of $80.11 million.
GUIDANCE:
Cognyte Software sees FY2025 EPS of ($0.13). Cognyte Software sees FY2025... More
