Overview
Israeli investigative analytics software firm's Q4 revenue grew 12.4% yr/yr
Q4 operating income missed analyst expectations despite improvement from prior year
Company expanded share repurchase program and ended quarter with no debt
Outlook
Cognyte expects fiscal 2027 revenue of $448 mln, +/- 3%
Company sees fiscal 2027 adjusted EBITDA of about $68 mln at midpoint of revenue range
Cognyte forecasts fiscal 2027 non-GAAP diluted EPS of $0.47 at midpoint of revenue range
Result Drivers
SOFTWARE DEMAND - Company said increased demand for software solutions drove revenue growth in Q4
OPERATIONAL EFFICIENCIES - Margin improvement attributed to scale and operational efficiencies, per company
STRONG COLLECTIONS - Company said higher profitability and strong collections boosted operating cash flow
Company press release: ID:nBwbzW6CWa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | $106.24 mln | ||
Q4 Net Income | $5.12 mln | ||
Q4 Operating Income | Miss | $5.16 mln | $9.98 mln (4 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Cognyte Software Ltd is $13.00, about 65% above its March 24 closing price of $7.88
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 26 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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