Cognyte rises after quarterly results beat
BUZZ-Cognyte rises after quarterly results beat ** Shares of software provider Cognyte Software CGNT.O up ~9% at $8.97 premarket
** Co beats Q2 revenue and profit estimates, helped by strong software demand and subscription adoptions
** Reports quarterly revenue of $109.2 million, beating analysts' avg. estimate of $108.6 million - data compiled by LSEG
** Logs Q2 adjusted EPS of 15 cents, topping expectations of 9 cents
** Co reiterates FY27 forecasts
** Up to last close, stock down ~12% YTD
(Reporting by Shania S Thomas in Bengaluru)
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Cognyte Software Ltd. Reports Results For The Quarter Ended July 31: Earnings Summary