Cognyte Software Ltd reports results for the quarter ended October 31 - Earnings Summary

• Cognyte Software Ltd CGNT.OQ reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended October 31, lower than the same quarter last year, when the company reported EPS of 34 cents. The mean expectation of three analysts for the quarter was for a loss of 3 cents per share. Wall Street expected results to range from -4 cents to -3 cents per share.

• Revenue rose 12.1% to $89.00 million from a year ago; analysts expected $87.72 million.

• Cognyte Software Ltd's reported EPS for the quarter was a loss of 5 cents​.

• The company reported a quarterly loss of $3.77 million.

• Cognyte Software Ltd shares had risen by 27.0% this quarter and gained 34.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 25.9% 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 no "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the software peer group is also "hold"

Wall Street's median 12-month price target for Cognyte Software Ltd is $8.25

This summary was machine generated from LSEG data December 11 at 02:31 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)