Cognyte Software Ltd reports results for the quarter ended in April - Earnings Summary

COGNYTE SOFTWARE

15/06/2023 14:31

* Cognyte Software Ltd  CGNT.OQ  reported a quarterly
adjusted
loss of 23 cents​​ per share for the quarter ended in April. The
mean expectation of three analysts for the quarter was for a
loss of 22 cents per share.
    * Revenue fell 15.4% to $73.38 million from a year ago;
analysts
expected $71.46 million. 
    * The mean earnings estimate of analysts had fallen by
about 15.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Cognyte Software Ltd shares had risen by 64.3% this
quarter and
gained 79.1% so far this year.
    * The company reported a quarterly loss of $8.75 million.
    * Wall Street's median 12-month price target for Cognyte
Software
Ltd is $5.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data June
15 at 01:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2023      -0.22          -0.23          Missed
 Jan. 31 2023      -0.18          -0.16          Beat
 Oct. 31 2022      -0.20          -0.25          Missed
 Jul. 31 2022      -0.17          -0.04          Beat