Cognyte Software (CGNT) Receives a Hold from Needham

In a report released today, Mike Cikos from Needham maintained a Hold rating on Cognyte Software (CGNTResearch Report). The company’s shares opened today at $4.31.

According to TipRanks, Cikos is an analyst with an average return of -12.8% and a 20.24% success rate. Cikos covers the Technology sector, focusing on stocks such as New Relic, Alteryx, and Dynatrace.

Cognyte Software has an analyst consensus of Hold.

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Based on Cognyte Software’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $86.44 million and a GAAP net loss of $30.37 million. In comparison, last year the company earned a revenue of $114.73 million and had a GAAP net loss of $4.39 million

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Cognyte Software Ltd provides security analytics software that empowers governments and enterprises with Actionable Intelligence. The company’s solutions accelerate security investigations and connect the dots to successfully identify, neutralize, and prevent national security, personal safety, business continuity, and cyber threats.

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