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Cognyte Software ( (CGNT) ) has issued an update.
Cognyte Software Ltd. reports strong financial results for the third quarter of fiscal year 2025, with a 12.1% increase in revenue to $89 million compared to the previous year. The company has improved its profitability through significant deal wins and an efficient business model, leading to a raised full-year outlook. Cognyte’s advancements in AI technology have positioned it to meet growing market demands for security solutions, resulting in increased non-GAAP operating income and adjusted EBITDA. With substantial cash flow and a strong backlog of contracts, Cognyte anticipates continued growth and profitability, reinforcing its market position in the investigative analytics industry.
More about Cognyte Software
Cognyte Software Ltd. is a global leader in investigative analytics software, providing government and other organizations with actionable intelligence to enhance safety. Their open interface software aids in accelerating and improving the effectiveness of investigations and decision-making, helping customers tackle threats to national security and combat criminal and terror activities.
YTD Price Performance: 34.06%
Average Trading Volume: 259,789
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $619.7M
Learn more about CGNT stock on TipRanks’ Stock Analysis page.
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