Market News

Cognyte Software (NASDAQ: CGNT) Up On Better-Than-Expected Q2 Results

Cognyte Software (NASDAQ: CGNT) stock was up in morning trading on Wednesday following mixed second-quarter results. Cognyte reported an adjusted loss of $0.04 per share in Q2 while analysts were expecting a loss of $0.12.

The investigative analytics software company posted revenues of $81.1 million in Q2, down by around 30% year-over-year and falling short of Street estimates of $92.5 million.

Elad Sharon, Cognyte’s CEO commented, ” In the second quarter, our revenue was disappointing, but we are encouraged with bookings coming in higher than revenue and contributing to a substantial increase in backlog.”

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More