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

COGNYTE SOFTWARE

13/12/2023 14:33

* Cognyte Software Ltd  CGNT.OQ  reported quarterly adjusted
earnings of 34 cents​​ per share for the quarter ended in
October, higher than the same quarter last year, when the
company reported EPS of -25 cents.  The mean expectation of
two analysts for the quarter was for earnings of one cent per
share. 
    * Revenue rose 11.4% to $79.39 million from a year ago;
analysts
expected $77.63 million. 
    * The company reported quarterly net income of $5.22
million.
    * Cognyte Software Ltd shares had risen by 19.5% this
quarter and
gained 84.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Cognyte
Software
Ltd is $7.25 

This summary was machine generated from LSEG data December 13 at
02:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2023      0.01           0.34           Beat
 Jul. 31 2023      -0.22          -0.09          Beat
 Apr. 30 2023      -0.22          -0.23          Missed
 Jan. 31 2023      -0.18          -0.16          Beat