Cognyte Software Shares Sink on Wider 1Q Loss

Dow Jones06-03

By Connor Hart

Shares of Cognyte Software fell after the company widened its fiscal first-quarter loss and logged lower-than-expected adjusted earnings.

The stock declined 19%, to $9.42, in premarket trading Wednesday. Through Tuesday's close, shares were up nearly 24% so far this year.

The packaged-software company before the bell reported a loss of $3.04 million, or 4 cents a share, for its three months ended April 30. That compares with a loss of $981,000, or 1 cent a share, a year earlier.

Stripping out certain one-time items, Cognyte notched adjusted earnings of 3 cents a share. Analysts polled by FactSet had been expecting adjusted earnings of 9 cents a share.

Total revenue rose 10% to $105.5 million, roughly in line with Wall Street models.

Chief Executive Elad Sharon said Cognyte during the recent quarter expanded relationships with existing customers, added new logos and continued building momentum in the U.S. market. Looking forward, the company stands to benefit from increasing demand for artificial-intelligence-powered solutions that help agencies uncover insights and make faster, more informed decisions, he added.

For the year, Cognyte reaffirmed its outlook for adjusted earnings of about 47 cents a share on revenue of roughly $448 million.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

June 03, 2026 08:05 ET (12:05 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Through Tuesday's close, shares were up nearly 24% so far this year. \n</p>\n<p>\n  The packaged-software company before the bell reported a loss of $3.04 million, or 4 cents a share, for its three months ended April 30. That compares with a loss of $981,000, or 1 cent a share, a year earlier. \n</p>\n<p>\n  Stripping out certain one-time items, Cognyte notched adjusted earnings of 3 cents a share. Analysts polled by FactSet had been expecting adjusted earnings of 9 cents a share. \n</p>\n<p>\n  Total revenue rose 10% to $105.5 million, roughly in line with Wall Street models. \n</p>\n<p>\n  Chief Executive Elad Sharon said Cognyte during the recent quarter expanded relationships with existing customers, added new logos and continued building momentum in the U.S. market. 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Looking forward, the company stands to benefit from increasing demand for artif","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4023":"应用软件","CGNT":"Cognyte Software Ltd."},"translate_title":"Cognyte Software股价因第一季度亏损扩大而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CGNT":0.9},"content_text":"By Connor Hart \n\n\n \n\n\n  Shares of Cognyte Software fell after the company widened its fiscal first-quarter loss and logged lower-than-expected adjusted earnings. \n\n\n  The stock declined 19%, to $9.42, in premarket trading Wednesday. Through Tuesday's close, shares were up nearly 24% so far this year. \n\n\n  The packaged-software company before the bell reported a loss of $3.04 million, or 4 cents a share, for its three months ended April 30. That compares with a loss of $981,000, or 1 cent a share, a year earlier. \n\n\n  Stripping out certain one-time items, Cognyte notched adjusted earnings of 3 cents a share. Analysts polled by FactSet had been expecting adjusted earnings of 9 cents a share. \n\n\n  Total revenue rose 10% to $105.5 million, roughly in line with Wall Street models. \n\n\n  Chief Executive Elad Sharon said Cognyte during the recent quarter expanded relationships with existing customers, added new logos and continued building momentum in the U.S. market. 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