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

COGNYTE SOFTWARE

11/04/2023 14:31

* Cognyte Software Ltd  CGNT.OQ  reported a quarterly
adjusted
loss of 16 cents​​ per share for the quarter ended in January.
The mean expectation of three analysts for the quarter was for a
loss of 18 cents per share.
    * Revenue fell 41.3% to $73.57 million from a year ago;
analysts
expected $66.80 million. 
    * The mean earnings estimate of analysts had fallen by
about 49.7%
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 0.6% this
quarter and
gained 9.6% so far this year.
    * The company reported a quarterly loss of $27.1 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
April 11 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Apr. 30 2022      0.10           -0.79          Missed