Ankündigung • Jun 06
Cognyte Software Ltd. Reiterates Earnings Guidance for the Fiscal Year Ending January 31, 2027 Cognyte Software Ltd. Reiterated earnings guidance for the fiscal year ending January 31, 2027. For the year, the company is maintained revenue:$448 million, with a range of +/- 3%, which represents approximately 12% year-over-year growth at the midpoint of the range. Live-Nachrichten • Jun 05
Cognyte Software Sees Record Growth Yet Stock Falls on Earnings Miss and Guidance Reaffirmation Cognyte reported Q4 2026 results with double-digit revenue growth, record non-GAAP gross margins, and strong cash generation, supported by higher software and software services sales and expanding subscription models.
Management issued optimistic fiscal 2027 guidance, pointing to expected continued double-digit growth, margin expansion, and broader penetration in North America and international markets, backed by strong remaining performance obligations.
In Q1 fiscal 2027, revenue reached $105.49 million, about 10.4% higher year over year and slightly ahead of expectations, but adjusted EPS of $0.03 fell short of the $0.08 to $0.10 range and the stock dropped roughly 21 to 26 percent; the company reiterated full-year guidance including about $448 million in revenue and adjusted EBITDA of $68 million.
The key tension here is that the business is showing solid top-line momentum and recurring revenue visibility, while profitability and earnings consistency are drawing more scrutiny from the market.
If you are following Cognyte, it is worth weighing the appeal of subscription-driven and AI-focused growth against execution risk around margins and the sensitivity of the stock to any future earnings misses. Reported Earnings • Jun 04
First quarter 2027 earnings: EPS misses analyst expectations First quarter 2027 results: US$0.042 loss per share (further deteriorated from US$0.014 loss in 1Q 2026). Revenue: US$105.5m (up 10% from 1Q 2026). Net loss: US$3.04m (loss widened 210% from 1Q 2026). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Ankündigung • May 26
Cognyte Software Ltd. to Report Q1, 2027 Results on Jun 03, 2026 Cognyte Software Ltd. announced that they will report Q1, 2027 results Pre-Market on Jun 03, 2026 Recent Insider Transactions Derivative • Apr 08
Chief People Officer notifies of intention to sell stock Rini Karlin intends to sell 40k shares in the next 90 days after lodging an Intent To Sell Form on the 6th of April. If the sale is conducted around the recent share price of US$8.40, it would amount to US$332k. Rini currently holds less than 1% of total shares outstanding. There have been no trades via on-market transactions or options from company insiders in the last 12 months. Reported Earnings • Mar 27
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: US$0.009 loss per share (improved from US$0.17 loss in FY 2025). Revenue: US$400.0m (up 14% from FY 2025). Net loss: US$638.0k (loss narrowed 95% from FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 89%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Ankündigung • Mar 25
Cognyte Software Ltd. Provides Earnings Guidance for the Fiscal Year Ending January 31, 2027 Cognyte Software Ltd. provided earnings guidance for the fiscal year ending January 31, 2027. For the year, the company expects Revenue of $448 million, with a range of +/- 3%, which represents approximately 12% year-over-year growth at the midpoint of the range. company expects another year of double-digit revenue growth, with operating leverage driving profitability at a significantly faster pace. Ankündigung • Mar 12
Cognyte Software Ltd. to Report Q4, 2026 Results on Mar 25, 2026 Cognyte Software Ltd. announced that they will report Q4, 2026 results Pre-Market on Mar 25, 2026 Reported Earnings • Dec 10
Third quarter 2026 earnings released: US$0.067 loss per share (vs US$0.052 loss in 3Q 2025) Third quarter 2026 results: US$0.067 loss per share (further deteriorated from US$0.052 loss in 3Q 2025). Revenue: US$100.7m (up 13% from 3Q 2025). Net loss: US$4.89m (loss widened 30% from 3Q 2025). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Ankündigung • Dec 09
Cognyte Software Ltd. Increases Earnings Guidance for the Fiscal Year Ending January 31, 2026 Cognyte Software Ltd. increased earnings guidance for the fiscal year ending January 31, 2026. For the year, the company expects revenue: $400 million, with a range of +/- 1%, which represents approximately 14% year over year growth at the midpoint of the range. Ankündigung • Nov 25
Cognyte Software Ltd. to Report Q3, 2026 Results on Dec 09, 2025 Cognyte Software Ltd. announced that they will report Q3, 2026 results at 9:30 AM, US Eastern Standard Time on Dec 09, 2025 Ankündigung • Nov 07
Cognyte Software Ltd. Announces Latest Homeland Security Innovations At Milipol Paris 2025 Cognyte Software Ltd. announced the company will showcase its latest intelligence solutions for homeland security at Milipol Paris 2025. Experience the Cognyte solutions helping security, defense and law enforcement agencies turn fragmented data into actionable intelligence to stay one step ahead of continuously evolving security threats. WHO: Speak with Cognyte experts and view demonstrations of Cognyte's latest intelligence technology, including border intelligence, mission planning, financial crime and counter terror funding and the next generation of tactical SIGINT solutions. Ankündigung • Sep 26
Cognyte Software Ltd. to Showcase Investigative Analytics Solutions for Law Enforcement At Iacp 2025 Cognyte Software Ltd. announced the company will showcase its investigative analytics solutions for law enforcement agencies at IACP 2025. Experience the future of law enforcement technology with Cognyte's newest advancements in AI-driven data analysis, blockchain de-an anonymization, and operational intelligence solutions. Reported Earnings • Sep 10
Second quarter 2026 earnings released: EPS: US$0.02 (vs US$0.027 loss in 2Q 2025) Second quarter 2026 results: EPS: US$0.02 (up from US$0.027 loss in 2Q 2025). Revenue: US$97.5m (up 16% from 2Q 2025). Net income: US$1.47m (up US$3.40m from 2Q 2025). Profit margin: 1.5% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Ankündigung • Sep 09
Cognyte Software Ltd. Increases Earnings Guidance for the Year Ending January 31, 2026 Cognyte Software Ltd. increased earnings guidance for the year ending January 31, 2026. For the period, the company expects Revenue of $397 million at the midpoint with a range of +/-2%, representing approximately 13% growth from previous year revenue. Ankündigung • Aug 28
Cognyte Software Ltd. to Report Q2, 2026 Results on Sep 09, 2025 Cognyte Software Ltd. announced that they will report Q2, 2026 results Pre-Market on Sep 09, 2025 Ankündigung • Aug 01
Cognyte Software Ltd., Annual General Meeting, Sep 04, 2025 Cognyte Software Ltd., Annual General Meeting, Sep 04, 2025. Location: 33 maskit street, herzliya pituach, Israel Reported Earnings • Jun 12
First quarter 2026 earnings released: US$0.014 loss per share (vs US$0.072 loss in 1Q 2025) First quarter 2026 results: US$0.014 loss per share (improved from US$0.072 loss in 1Q 2025). Revenue: US$95.5m (up 16% from 1Q 2025). Net loss: US$981.0k (loss narrowed 81% from 1Q 2025). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Ankündigung • Jun 11
Cognyte Software Ltd. Updates Earnings Guidance for the Year Ending January 31, 2026 Cognyte Software Ltd. updated earnings guidance for the year ending January 31, 2026. The company expects revenue to be $395 million at the midpoint with a range of +/-2%, representing approximately 13% growth from previous year revenue. The company is updating the company's outlook for the year ending January 31, 2026 mainly to reflect the May 2025 acquisition of GroupSense. Ankündigung • May 29
Cognyte Software Ltd. to Report Q1, 2026 Results on Jun 11, 2025 Cognyte Software Ltd. announced that they will report Q1, 2026 results on Jun 11, 2025 Ankündigung • May 21
Cognyte Software Ltd. (NasdaqGS:CGNT) acquired GroupSense, Inc. for $9 million. Cognyte Software Ltd. (NasdaqGS:CGNT) acquired GroupSense, Inc. for $9 million on May 21, 2025. Cognyte has acquired GroupSense for approximately $4 million plus an earnout of up to approximately $5 million subject to GroupSense meeting defined targets post-closing.
Cognyte Software Ltd. (NasdaqGS:CGNT) completed the acquisition of GroupSense, Inc. on May 21, 2025. Buy Or Sell Opportunity • Apr 04
Now 23% undervalued Over the last 90 days, the stock has risen 3.6% to US$9.20. The fair value is estimated to be US$12.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has grown by 45%. Reported Earnings • Apr 02
Full year 2025 earnings released: US$0.17 loss per share (vs US$0.22 loss in FY 2024) Full year 2025 results: US$0.17 loss per share (improved from US$0.22 loss in FY 2024). Revenue: US$350.6m (up 12% from FY 2024). Net loss: US$12.1m (loss narrowed 23% from FY 2024). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Ankündigung • Apr 02
Cognyte Software Ltd. Provides Earnings Guidance for the Year Ending January 31, 2026 Cognyte Software Ltd. provided earnings guidance for the year ending January 31, 2026. For the year, the company expects Revenue: $392 million at the midpoint with a range of +/-2%, representing approximately 12% growth from previous year revenue. Ankündigung • Mar 24
Cognyte Software Ltd. to Report Q4, 2025 Results on Apr 02, 2025 Cognyte Software Ltd. announced that they will report Q4, 2025 results on Apr 02, 2025 Ankündigung • Mar 18
Cognyte Software Ltd. Appoints Ronny Lempel as Chief Technology Officer Cognyte Software Ltd. announced the appointment of Dr. Ronny Lempel as Chief Technology Officer (CTO). In this role, Lempel will apply over 25 years of proven, cross-discipline technology expertise to extend the company’s innovation leadership and bring unparalleled vision and value to the company’s customers. Among his previous leadership roles, Lempel led research and technology initiatives at Google Ads, Microsoft Azure Machine Learning, Outbrain and Yahoo, developing vast and varied expertise in Artificial Intelligence (AI), search engines, recommendation systems and ad tech. Lempel’s distinguished expertise in these fields combined with his military experience in an intelligence unit come together to drive AI innovation and bring added value for customers. Lempel’s appointment as CTO reflects the company’s commitment to continued technology foresight, future-proofing its product portfolio to deliver long-term innovative solutions that customers in law enforcement, national security, national intelligence and military intelligence agencies rely on to successfully safeguard their societies, assets and interests. Lempel’s leadership experience developing and deploying machine learning (ML) models and advanced algorithms is a natural complement to the company’s platform architecture, robust R&D, and strong focus on AI, Large Language Models (LLMs) and more. Lempel holds a Ph.D. in computer science from the Technion - Israel Institute of Technology, where he has taught advanced courses on search engine and big data technologies. He has published over 45 research papers and holds 23 U.S. patents. Ankündigung • Feb 18
Cognyte Software Ltd. Announces Board Changes Cognyte Software Ltd. announced the appointment of two new members to its Board of Directors. Matthew O’Neill and Nurit Benjamini will join the board on March 1, 2025, and March 31, 2025, respectively, reflecting the company’s commitment to add independent directors from the government and software sectors. Richard Nottenburg will be stepping down from his board position effective March 31, 2025. Having served with the United States Secret Service for over two decades, Mr. O’Neill brings significant law enforcement, government, financial crimes and security experience, along with established relationships within these communities. Ms. Benjamini has more than 20 years of experience as CFO in leading software companies, overseeing financial reporting for a diverse group of U.S.-listed technology firms. Together, these two directors are well-aligned with Cognyte’s strategic goals of growing its business and expanding its North American presence. Mr. O'Neill served until December 2023 as the Deputy Special Agent in Charge of Cyber Operations at the United States Secret Service, where he directed the agency's global cyber investigative strategies and oversaw efforts to dismantle transnational criminal networks. During his tenure, he served as the Director of the Asset Forfeiture Branch and as the Director of the Global Investigative Operations Center, where he established the Secret Service's first agencywide criminal investigative fusion center. Mr. O'Neill holds certifications from Carnegie Mellon University and American University and earned his Bachelor of Science degree from James Madison University. He currently serves as Co-Founder and Partner at 5OH Consulting LLC. Ms. Benjamini is a Partner and CFO at F2 Venture Capital, bringing over 20 years of experience as a CFO for leading software companies, including CrazyLabs Ltd., Wix, CopperGate Communications Ltd. and Compugen. Throughout her career, Ms. Benjamini has played a pivotal role in leading technology companies through fundraising, M&A and IPO processes. Currently, she serves as an external director at Caesarstone Ltd., having previously served as a board member of BioLineRx and Allot Ltd. Ms. Benjamini holds a Bachelor of Arts degree in economics and business and a Master of Business Administration degree in finance, both from Bar Ilan University, Israel. Buy Or Sell Opportunity • Jan 30
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 45% to US$9.35. The fair value is estimated to be US$7.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Jan 21
Price target decreased by 15% to US$7.50 Down from US$8.83, the current price target is provided by 1 analyst. New target price is 22% below last closing price of US$9.66. Stock is up 52% over the past year. The company posted a net loss per share of US$0.22 last year. Recent Insider Transactions Derivative • Jan 19
Chief Legal Officer notifies of intention to sell stock Ilan Rotem intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of January. If the sale is conducted around the recent share price of US$9.59, it would amount to US$96k. Since March 2024, Ilan has owned 39.14k shares directly. There have been no trades via on-market transactions or options from company insiders in the last 12 months. Buy Or Sell Opportunity • Jan 15
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 37% to US$9.59. The fair value is estimated to be US$7.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 7.8% in a year. Earnings are forecast to decline by 119% in the next year. Buy Or Sell Opportunity • Dec 16
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 40% to US$9.50. The fair value is estimated to be US$7.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 7.8% in a year. Earnings are forecast to decline by 119% in the next year. Ankündigung • Dec 12
Cognyte Software Ltd. Provides Earnings Guidance for Year Ending January 31, 2025 Cognyte Software Ltd. provided earnings guidance for the year ending January 31, 2025. For the period, the company expects Revenue of $349 million at the midpoint with a range of +/-1%, representing approximately 11% growth from previous year revenue. Reported Earnings • Dec 11
Third quarter 2025 earnings released: US$0.052 loss per share (vs US$0.074 profit in 3Q 2024) Third quarter 2025 results: US$0.052 loss per share (down from US$0.074 profit in 3Q 2024). Revenue: US$89.0m (up 12% from 3Q 2024). Net loss: US$3.77m (down 172% from profit in 3Q 2024). Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Ankündigung • Dec 03
Cognyte Software Ltd. to Report Q3, 2025 Results on Dec 11, 2024 Cognyte Software Ltd. announced that they will report Q3, 2025 results on Dec 11, 2024 Ankündigung • Nov 13
Cognyte Software Ltd. (NasdaqGS:CGNT) announces an Equity Buyback for $20 million worth of its shares. Cognyte Software Ltd. (NasdaqGS:CGNT) announces a share repurchase program. Under the program, the company will repurchase up to $20 million worth of its shares. The repurchases will be made from available cash on its balance sheet and ongoing cash flow generation. The repurchased shares will be available for general corporate purposes. The program will be valid through June 12, 2026. Recent Insider Transactions Derivative • Sep 18
Chief Product Officer notifies of intention to sell stock Gil Cohen intends to sell 15k shares in the next 90 days after lodging an Intent To Sell Form on the 13th of September. If the sale is conducted around the recent share price of US$6.31, it would amount to US$95k. As of today, Gil currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months. Reported Earnings • Sep 11
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: US$0.027 loss per share (improved from US$0.13 loss in 2Q 2024). Revenue: US$84.4m (up 9.6% from 2Q 2024). Net loss: US$1.93m (loss narrowed 80% from 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 57%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Ankündigung • Aug 29
Cognyte Software Ltd. to Report Q2, 2025 Results on Sep 10, 2024 Cognyte Software Ltd. announced that they will report Q2, 2025 results on Sep 10, 2024 Ankündigung • Aug 28
Value Base Group Issues Investor Presentation with Shareholders of Cognyte Software On August 27, 2024, Value Base Ltd announced that it has issued an investor presentation with shareholders of Cognyte Software Ltd, stating that the Company represents attractive investment opportunity driven by its great technology, global presence and good reputation amongst its customers. Value Base estimated that the reasons for such undervaluation as boards misalignment with shareholders interest and poor governance practices, insufficient growth and week financial performance, lack of transparency, lack of communication with shareholders and potential investors, lack of medium- and long-term vision. Value Base stated that During Shanks tenure as a board member and Chairperson, the Company’s share price plummeted, and while he is holding his position, he failed to attend to concerns raised by the Company’s shareholders, amend the Company’s flawed corporate governance practices, adopt transparent, effective and incentivized compensation package to the CEO, improve the transparency of communications and disclosures provided by the Company, create long term, ambitious strategic plan, coherently and effectively communicated to the market. In addition, Value Base recommended the shareholders of the Company to vote against the reelection of Earl Shanks, and vote against the Company proposal regarding compensation structure of the CEO, and vote for the appointment of Tal Yaacobi, at the annual meeting of shareholders. Ankündigung • Aug 21
Value Base Issues a Public Response to Cognyte Software’s Letter On August 21, 2024, Value Base Ltd announced that it has issued a response to Cognyte Software Ltd.’s letter dated August 12, 2024, urging the Company’s shareholders to vote for its director candidate Tal Yaacobi, and vote against the reelection of the Company’s current chairman of the board, Earl Shanks, and vote against the Company’s proposed CEO compensation plan, at the annual meeting of shareholders. New Risk • Aug 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 58% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$24m net loss next year). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Ankündigung • Aug 08
Value Base Sends a Letter to Cognyte Software On August 6, 2024, Value Base Ltd sent a letter to the Board of Directors of Cognyte Software Ltd requesting that the Board of Directors revise the proxy statement issued on July 30, 2024, to add the following two items to the agenda for the Company’s 2024 Annual General Meeting scheduled to be held on September September 4, 2024, (i) the election of Tal Yaacobi as a Class III director and (ii) the approval of entry into indemnification and exculpation agreements, providing liability insurance coverage, and compensation to the Director Nominee, each as provided to the current directors of the Company. Ankündigung • Jul 31
Cognyte Software Ltd., Annual General Meeting, Sep 04, 2024 Cognyte Software Ltd., Annual General Meeting, Sep 04, 2024. Location: 33 maskit street, herzliya pituach, 4673333, Israel Ankündigung • Jul 26
Value Base Provides Information to Shareholders of Cognyte Software On July 25, 2024, Value Base Ltd announced that Earl Shanks, chairman of the board of directors of Cognyte Software Ltd informed it of the Board’s decision to decline the proposal to nominate Tal Yaacobi as a director. In addition, Value Base stated that it intends to engage in discussions with management, the Board, other security holders of the Company and other relevant parties to encourage, cause or seek to cause the Company or other persons to consider or explore extraordinary corporate and strategic transactions, or any other material changes to the Company’s business, corporate structure or corporate governance, including changes in management and/or the composition of the Board. Major Estimate Revision • Jun 25
Consensus estimates of losses per share improve by 45% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$339.0m to US$343.4m. EPS estimate increased from -US$0.55 per share to -US$0.30 per share. Software industry in the US expected to see average net income growth of 20% next year. Consensus price target up from US$8.83 to US$9.17. Share price was steady at US$7.57 over the past week. Recent Insider Transactions Derivative • Jun 23
Independent Director notifies of intention to sell stock Richard Nottenburg intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 21st of June. If the sale is conducted around the recent share price of US$8.13, it would amount to US$166k. Since March 2024, Richard has owned 33.66k shares directly. There have been no trades via on-market transactions or options from company insiders in the last 12 months. Price Target Changed • Jun 20
Price target increased by 7.8% to US$9.17 Up from US$8.50, the current price target is an average from 3 analysts. New target price is 23% above last closing price of US$7.43. Stock is up 29% over the past year. The company is forecast to post a net loss per share of US$0.30 next year compared to a net loss per share of US$0.22 last year. Reported Earnings • Jun 19
First quarter 2025 earnings: EPS exceeds analyst expectations First quarter 2025 results: US$0.072 loss per share (improved from US$0.13 loss in 1Q 2024). Revenue: US$82.7m (up 13% from 1Q 2024). Net loss: US$5.12m (loss narrowed 42% from 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 59%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 36% per year whereas the company’s share price has fallen by 31% per year. Ankündigung • Jun 13
Cognyte Software Ltd. to Report Q1, 2025 Results on Jun 18, 2024 Cognyte Software Ltd. announced that they will report Q1, 2025 results on Jun 18, 2024 Board Change • May 05
Less than half of directors are independent Following Director Sarit Sagiv's arrival on 01 May 2024, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Dafna Sharir was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Apr 11
Price target increased by 31% to US$8.50 Up from US$6.50, the current price target is an average from 3 analysts. New target price is 21% above last closing price of US$7.02. Stock is up 63% over the past year. The company is forecast to post a net loss per share of US$0.55 next year compared to a net loss per share of US$0.22 last year. Reported Earnings • Apr 09
Full year 2024 earnings released: US$0.22 loss per share (vs US$1.68 loss in FY 2023) Full year 2024 results: US$0.22 loss per share (improved from US$1.68 loss in FY 2023). Revenue: US$313.4m (flat on FY 2023). Net loss: US$15.6m (loss narrowed 86% from FY 2023). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Ankündigung • Apr 09
Cognyte Software Ltd Announces Board of Directors Appointments, Effective as of May 1, 2024 Cognyte Software Ltd. announced that two new members will join its Board of Directors effective as of May 1, 2024. Cognyte believes that Ron Shvili and Sarit Sagiv will bring additional expertise to the Board. They will replace Karmit Shilo and Zvika Naggan, who will be stepping down after three years as directors effective as of May 1, 2024. Ron Shvili brings extensive experience as a C-level executive in the telecommunications and financial sectors and serves as a board member, investor, advisor and mentor for promising startups in the insurtech, fintech, cyber and AI industries. Ron was previously Executive Vice President and Chief Technology, IT and Innovation Officer at Phoenix Holdings, and Chief Technology Officer of Cellcom. He is also a retired Colonel from the Israeli Defense Force, where he was head of a research division in the DDR&D (MAFAT) specializing in the fields of advanced communications, cyber and AI, and head of the technology center of an elite unit. Sarit Sagiv is an experienced board member and a seasoned executive. She currently serves as a member of the Investments Committee of Phoenix Insurance and as a member of the Board of Directors of Nova Ltd. (Nasdaq and TASE: NVMI) and of OPC Energy Ltd. (TASE: OPCE). Sarit served as General Manager of the Global Business Division at Amdocs. Prior to this role, she served as the Chief Financial Officer of Nice Ltd. and of Retalix Ltd. (acquired by NCR). Sarit also held various other Chief Financial Officer and senior financial positions. Ankündigung • Mar 29
Cognyte Software Ltd. to Report Q4, 2024 Results on Apr 09, 2024 Cognyte Software Ltd. announced that they will report Q4, 2024 results on Apr 09, 2024 Ankündigung • Jan 23
Cognyte Software Ltd. Announces New Release of Luminar Cyber Threat Intelligence Offering with Genai Capabilities to Bring Added Value to Customers Cognyte Software Ltd. announced the release of a significant update to its LUMINAR external threat intelligence solution to incorporate generative artificial intelligence (GenAI) capabilities, including a new AI-driven dashboard. LUMINAR is already integrated with Cognyte's investigative analytics software and other leading solutions, and this release brings additional value to current and new customers. threat intelligence analysts race to accelerate the speed of risk assessments while security operations center (SOC) teams struggle to keep up with a deluge of security alerts. LUMINAR's new GenAI capabilities bring significant added value to Cognyte customers by tackling and making quick work of resource-intensive tasks like aggregation, analysis and prioritization of alerts, investigation leads, indicators of malicious campaigns, and other cybersecurity inputs. To assist organizations with these resource-intensive tasks, Cognyte has integrated an AI-driven dashboard into its LUMINAR offering, LUMINAR AI Insights. The new AI dashboard is built on Cognyte's proprietary threat intelligence repository that includes evidence-based threat data regarding global cybersecurity incidents, aggregated over the last 10 years. This feed is now fully automated, structured and auto-enriched through GenAI capabilities, incorporating both proprietary historical data and a daily feed that is automatically customized to the needs of each customer. Utilizing evidence-based data, this new LUMINAR AI Ins Insights dashboard provides threat-visibility segmentation, such as by industry or region, to extract immediate intelligence insights regarding potential security threats and risks to organizations, and to enable quicker responses. Through LUMINAR AI Ins insights, security and risk management leaders will gain visibility into different insights, including industry benchmarks, active attack groups (filtered by type, origin, targeted location), exploited Common Vulnerabilities and Exposures (CVEs), targeted systems, prominent tactics, Techniques and Procedures (TTPs), automatically mapped according to MITRE ATT&CK, and more. Recent Insider Transactions Derivative • Dec 20
CEO & Director notifies of intention to sell stock Elad Sharon intends to sell 100k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of December. If the sale is conducted around the recent share price of US$6.31, it would amount to US$631k. For the year to January 2023, Elad's total compensation was 22% salary and 78% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2023, Elad has owned 248.67k shares directly. There have been no trades via on-market transactions or options from company insiders in the last 12 months. Reported Earnings • Dec 14
Third quarter 2024 earnings released: EPS: US$0.074 (vs US$0.41 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.074 (up from US$0.41 loss in 3Q 2023). Revenue: US$79.4m (up 11% from 3Q 2023). Net income: US$5.22m (up US$33.0m from 3Q 2023). Profit margin: 6.6% (up from net loss in 3Q 2023). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Ankündigung • Dec 07
Cognyte Software Ltd. to Report Q3, 2024 Results on Dec 13, 2023 Cognyte Software Ltd. announced that they will report Q3, 2024 results on Dec 13, 2023 Recent Insider Transactions Derivative • Sep 17
Independent Director notifies of intention to sell stock Richard Nottenburg intends to sell 16k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of September. If the sale is conducted around the recent share price of US$5.32, it would amount to US$82k. Since March 2023, Richard has owned 34.65k shares directly. There have been no trades via on-market transactions or options from company insiders in the last 12 months. Reported Earnings • Sep 12
Second quarter 2024 earnings released: US$0.13 loss per share (vs US$0.43 loss in 2Q 2023) Second quarter 2024 results: US$0.13 loss per share (improved from US$0.43 loss in 2Q 2023). Revenue: US$77.1m (down 5.0% from 2Q 2023). Net loss: US$9.43m (loss narrowed 67% from 2Q 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Ankündigung • Sep 06
Cognyte Software Ltd. to Report Q2, 2024 Results on Sep 12, 2023 Cognyte Software Ltd. announced that they will report Q2, 2024 results on Sep 12, 2023 Ankündigung • Aug 03
Cognyte Software Ltd., Annual General Meeting, Sep 06, 2023 Cognyte Software Ltd., Annual General Meeting, Sep 06, 2023, at 16:30 Israel Standard Time. Location: 33 Maskit Street, Herzliya Pituach Israel Agenda: To re-elect each of Ms. dafna sharir and Mr. avi cohen as class ii directors, to hold office until the close of the company’s annual general meeting of shareholders for the year ending january 31, 2027, and until their respective successors are duly elected and qualified; to approve amendments to the terms of employment of mr. elad sharon, the company’s chief executive officer; and to approve the re-appointment of brightman almagor zohar & co., registered public accounting firm, and a member of the deloitte global network, as the company’s independent registered public accounting firm for the year ending january 31, 2024 and until the next annual general meeting of shareholders, and to authorize the company’s board of directors (with power of delegation to its audit committee) to set the fees to be paid to such auditors. Ankündigung • Jul 12
Cognyte Announces Changes to Its Board of Directors Cognyte Software Ltd. announced that Dan Bodner, the chairman of Board of Directors, has decided not to stand for reelection to the Company’s Board of Directors at the upcoming 2023 annual shareholder meeting. The Board of Directors resolved to name Earl Shanks as its new chairman and to reduce its size to seven members, all effective immediately after the 2023 annual shareholders meeting. Earl Shanks has been a director of Cognyte since the spin-off from Verint, and previously served as a director of Verint at the time that Cognyte was a business unit within Verint. Reported Earnings • Jun 16
First quarter 2024 earnings released: US$0.13 loss per share (vs US$0.45 loss in 1Q 2023) First quarter 2024 results: US$0.13 loss per share (improved from US$0.45 loss in 1Q 2023). Revenue: US$73.3m (down 15% from 1Q 2023). Net loss: US$8.75m (loss narrowed 71% from 1Q 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US. Ankündigung • Jun 14
Cognyte Software Ltd. to Report Q1, 2024 Results on Jun 15, 2023 Cognyte Software Ltd. announced that they will report Q1, 2024 results on Jun 15, 2023 Ankündigung • May 10
Cognyte Software Ltd. Appoints Avi Cohen to its Board of Directors, Effective June 4, 2023 Cognyte Software Ltd. announced the appointment of Avi Cohen to the Board of Directors, effective June 4, 2023. Mr. Cohen currently serves on a variety of boards, including Cortica, CGS Tower Networks, and Nova Measuring Instruments. Previously, Mr. Cohen held executive roles leading a variety of technology companies. Among others, he served as chief executive officer of RR Media Ltd. and president and chief executive officer of Orbit Technologies Ltd. Reported Earnings • Apr 12
Full year 2023 earnings released: US$1.68 loss per share (vs US$0.22 loss in FY 2022) Full year 2023 results: US$1.68 loss per share (further deteriorated from US$0.22 loss in FY 2022). Revenue: US$312.1m (down 34% from FY 2022). Net loss: US$114.1m (loss widened US$99.2m from FY 2022). Revenue is forecast to stay flat during the next 2 years compared to a 12% growth forecast for the Software industry in the US. Reported Earnings • Dec 20
Third quarter 2023 earnings released: US$0.41 loss per share (vs US$0.033 profit in 3Q 2022) Third quarter 2023 results: US$0.41 loss per share (down from US$0.033 profit in 3Q 2022). Revenue: US$71.3m (down 40% from 3Q 2022). Net loss: US$27.8m (down US$30.0m from profit in 3Q 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US. Price Target Changed • Nov 16
Price target decreased to US$6.50 Down from US$7.00, the current price target is an average from 4 analysts. New target price is 89% above last closing price of US$3.44. Stock is down 84% over the past year. The company is forecast to post a net loss per share of US$0.94 next year compared to a net loss per share of US$0.22 last year. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Director Earl Shanks is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Major Estimate Revision • Oct 05
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 revenue forecast fell from US$380.7m to US$331.1m. EPS estimate unchanged from -US$0.94 per share at last update. Software industry in the US expected to see average net income growth of 9.1% next year. Consensus price target down from US$7.00 to US$6.50. Share price fell 10% to US$3.94 over the past week. Seeking Alpha • Aug 06
Cognyte Software Contends With Customer Delays Cognyte Software recently reported its FQ1 2023 financial results.
The firm provides investigative analytics software worldwide.
CGNT has recently seen a sharp revenue drop due to customer deployment delays and slow sales conversions.
I'm on Hold for CGNT for the near term.
A Quick Take On Cognyte Software Ltd.
Cognyte Software Ltd. (CGNT) recently reported its FQ1 2023 financial results on June 28, 2022, missing revenue and earnings estimates.
The company provides investigative analytics software for security threat environments.
While management appears to be focusing on what it can control, namely costs and removing internal sales conversion slowdowns, I fear the company may be in for an extended period of sluggish customer deployments.
For the near term, I’m on Hold for CGNT.
Cognyte Software Overview
Herzliya, Israel-based Cognyte was founded to develop an open software platform to assist governments and enterprises in conducting security investigations.
The firm is headed by Chief Executive Officer Elad Sharon, who was previously president at Verint Systems.
The company’s primary offerings include an analytics platform covering networks, blockchains, the internet, cyber threats and situation intelligence environments.
The firm acquires customers through its direct sales and marketing efforts, as well as through partner relationships.
Cognyte also counts a number of national level agencies as significant customers, such as the U.S. NSA and various law enforcement agencies.
Cognyte’s Market & Competition
According to a 2021 market research report by MarketsAndMarkets, the global market for security analytics was an estimated $12 billion in 2021 and is forecast to exceed $25 billion by 2026.
This represents a forecast CAGR of a very strong 16.2% from 2022 to 2026.
The main drivers for this expected growth are an increasing threat environment in terms of the number of attacks and the complexity and sophistication of security breaches.
Also, companies have a greater need for modern systems to assist them in prevention of repeat attacks as well as maintaining regulatory compliance.
The rise in machine learning/artificial intelligence-enhanced systems will also continue due to demand for greater automation in monitoring and response activities.
Major competitive or other industry participants include:
IBM
Cisco
Broadcom
Splunk
RSA Security
FireEye
LogRhythm
Securonix
Hillstone Networks
Exabeam
Rapid7
Alert Logic
Snowflake
Others
Cognyte’s Recent Financial Performance
Total revenue by quarter has risen until the most recent quarter:
5 Quarter Total Revenue (Seeking Alpha)
Gross profit by quarter has followed approximately the same trajectory as total revenue:
5 Quarter Gross Profit (Seeking Alpha)
Selling, G&A expenses as a percentage of total revenue by quarter have trended significantly higher in recent quarters:
5 Quarter Selling, G&A % Of Revenue (Seeking Alpha)
Operating income by quarter has turned substantially negative in the past 2 quarters:
5 Quarter Operating Income (Seeking Alpha)
Earnings per share (Diluted) have become extremely negative in the most recent reporting period:
5 Quarter Earnings Per Share (Seeking Alpha)
(All data in above charts is GAAP)
In the past 12 months, CGNT’s stock price has fallen 82.2% vs. the U.S. S&P 500 index’s drop of around 5.6%, as the chart below indicates:
52 Week Stock Price (Seeking Alpha)
Valuation And Other Metrics For Cognyte Software
Below is a table of relevant capitalization and valuation figures for the company:
Measure
Amount
Enterprise Value
$300,840,000
Market Capitalization
$327,280,000
Enterprise Value / Sales [TTM]
0.67
Revenue Growth Rate [TTM]
-2.41%
Operating Cash Flow [TTM]
-$19,310,000
Earnings Per Share (Fully Diluted)
-$0.61
(Source - Seeking Alpha)
The Rule of 40 is a software industry rule of thumb that says that as long as the combined revenue growth rate and EBITDA percentage rate equal or exceed 40%, the firm is on an acceptable growth/EBITDA trajectory.
CGNT’s most recent GAAP Rule of 40 calculation was negative (5%) as of FQ1 2023, so the firm needs significant improvement in this regard, per the table below:
Rule of 40 - GAAP
Calculation
Recent Rev. Growth %
-2%
GAAP EBITDA %
-2%
Total
-5%
(Source - Seeking Alpha)
Commentary On Cognyte
In its last earnings call (Source - Seeking Alpha), covering FQ1 2023’s results, management highlighted delays in delivery of software orders due to both external hardware supply chain slowdowns and clients impacted by the ‘overall macroeconomic and geopolitical environment’, including agency budget reductions. Reported Earnings • Jun 30
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: US$0.45 loss per share (down from US$0.067 loss in 1Q 2022). Revenue: US$86.4m (down 25% from 1Q 2022). Net loss: US$30.4m (loss widened US$26.0m from 1Q 2022). Revenue missed analyst estimates by 23%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is expected to shrink by 14% compared to a 20% growth forecast for the industry in the US. 