The Latest Breaking News from CGNT

Cognyte Software (CGNT) is scheduled to report its third-quarter results on December 13. With analysts expecting the company’s EPS and revenue to increase year-over-year, should investors buy the stock now? Let’s discuss….

Despite macroeconomic challenges, the software industry is expected to grow thanks to AI and cloud computing technology advances. Given its solid growth prospects, I think software stocks DocuSign (DOCU), Instructure Holdings (INST) and Cognyte Software (CGNT) might be profitable buys now. Keep reading.

Cognyte Software Ltd (NASDAQ:CGNT) reported a first-quarter FY23 non-GAAP revenue decline of 24.7% year-on-year to $86.7 million, missing the consensus of $112.6 million. Segments: Software revenue declined by 51.8% Y/Y to $24.9 million.  Software service revenue fell 9.7% Y/Y to $45.8 million.  Professional service and other revenue increased 27.8% Y/Y to $15.7 million. The…

While concerns over the Fed’s aggressive interest rate hikes to fight the multi-decade-high inflation has led to a sell-off, the market downturn presents an opportunity for investors to scoop up quality small-cap stocks Atlanticus Holdings Corporation (ATLC), Cognyte Software Ltd. (CGNT), and Revlon, Inc. (REV) for solid long-term returns.