Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Cognyte Software Ltd. Market Cap
The Cognyte Software Ltd. (CGNT) share price is expected to decrease by 4.29% over the next year. This is based on calculating the average 12-month share price estimate provided by 3 stock analysts who have covered CGNT. Price targets range from $7.5 at the low end to $9 at the high end. The current analyst consensus for CGNT is a hold. Please note analyst price targets are not guaranteed and could be missed completely.
CGNT is a stock in Technology which has been forecasted to be worth $8.25 as an average. On the higher end, the forecast price is $9 USD by Daniel Ives from Wedbush and on the lower end CGNT is forecasted to be $7.5 by Kirk Materne from Evercore ISI Group.
These are the latest 20 analyst ratings of CGNT.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Mike Cikos Needham | Hold | Reiterates | Sep 10, 2024 | |
| Daniel Ives Wedbush | Neutral | $9 | Maintains | Jun 20, 2024 |
| Mike Cikos Needham | Hold | Reiterates | Jun 18, 2024 | |
| Mike Cikos Needham | Hold | Reiterates | May 17, 2024 | |
| Daniel Ives Wedbush | Neutral | $8 | Maintains | Apr 11, 2024 |
| Kirk Materne Evercore ISI Group | In-Line | $7.5 | Maintains | Apr 10, 2024 |
| Mike Cikos Needham | Hold | Reiterates | Apr 9, 2024 | |
| Kirk Materne Evercore ISI Group | In-Line | $5 | Maintains | Jun 16, 2023 |
| Brad Reback Stifel | Hold | $3 | Maintains | Dec 21, 2022 |
| Brad Reback Stifel | Hold | $6 | Downgrade | Sep 29, 2022 |
Needham | Hold | Downgrade | Jul 15, 2022 | |
| Kirk Materne Evercore ISI Group | In-Line | $5 | Downgrade | Jun 29, 2022 |
Needham | Hold | Downgrade | Apr 6, 2022 | |
| Daniel Ives Wedbush | Neutral | $9 | Maintains | Apr 6, 2022 |
| Brad Reback Stifel | Buy | $13 | Maintains | Apr 6, 2022 |
| Kirk Materne Evercore ISI Group | Outperform | $12 | Maintains | Apr 6, 2022 |
| Brad Reback Stifel | Buy | $21 | Maintains | Mar 21, 2022 |
William Blair | Outperform | Initiates | Dec 31, 2021 | |
Evercore ISI Group | Outperform | Maintains | Dec 31, 2021 | |
Needham | Buy | Maintains | Dec 31, 2021 |
When did it IPO
2021
Staff Count
1,613
Country
Israel
Sector/Industry
Technology/Software - Infrastructure
CEO
Mr. Elad Sharon
Market Cap
$619.7M
In 2023, CGNT generated $312.1M in revenue, which was a decrease of -34.17% from the previous year. This can be seen as a signal that CGNT's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Mon, 09 Dec 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Cognyte secured a $20+ million contract with a long-term national security client in the EMEA region, indicating strong demand in their sector.
Why It Matters - Cognyte's $20 million agreement indicates strong demand for its services in the EMEA region, suggesting potential revenue growth and stability, which could positively impact stock performance.
Wed, 04 Dec 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Cognyte showcased its AI innovations at the Intelligence Summit 2024, focusing on addressing emerging threats.
Why It Matters - Cognyte's AI innovations highlight its competitive edge in security solutions, potentially boosting revenue and market share, which can positively impact stock performance.
Tue, 03 Dec 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Cognyte will host a conference call on December 11, 2024, at 8:30 am ET to discuss its Q3 FYE25 financial results for the quarter ending October 31, 2024.
Why It Matters - Cognyte's upcoming conference call indicates its commitment to transparency and performance evaluation, which can impact investor sentiment and stock valuation based on Q3 results.
Fri, 22 Nov 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Cognyte Software (CGNT) saw a rise in share price with above-average trading volume, but recent earnings estimate revisions indicate potential weakness ahead.
Why It Matters - Cognyte's share price surge and high trading volume indicate heightened investor interest, but weak earnings estimate revisions may signal potential future volatility or declines.
Thu, 21 Nov 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Cognyte received a follow-on order exceeding $2 million from a major North American law enforcement agency, enhancing its revenue outlook.
Why It Matters - Cognyte's $2 million follow-on order indicates strong demand for its services, potentially boosting revenue and investor confidence in the company's growth prospects.
Mon, 11 Nov 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Cognyte has secured a $10 million expansion agreement with a long-term customer in the Asia-Pacific region.
Why It Matters - Cognyte's $10 million expansion in the APAC region signals strong customer relationships and growth potential, likely boosting investor confidence and stock performance.
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