Cognyte Software Ltd. (CGNT) surged 6.35% in pre-market trading on Tuesday following the release of its third-quarter fiscal 2026 financial results, which exceeded analyst expectations.
The company reported adjusted earnings per share (EPS) of $0.03, beating the consensus estimate of $0.01. Revenue for the quarter came in at $100.738 million, surpassing expectations of $99.515 million. Cognyte also raised its full-year revenue outlook to $400 million, reflecting a 14% year-over-year growth at the midpoint of the range.
Adjusted EBITDA for Q3 grew significantly to $11.9 million, up from $6.6 million in the same period last year, demonstrating improved profitability. The strong performance was driven by increased demand for the company's software solutions, which saw a 39.6% year-over-year revenue increase.
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