Cognyte Software (NASDAQ:CGNT) Stock Rating Lowered by Zacks Investment Research

Jean J. Sanders

Cognyte Application (NASDAQ:CGNTGet Score) was downgraded by Zacks Expenditure Exploration from a “hold” ranking to a “strong sell” rating in a be aware issued to investors on Tuesday, Zacks.com stories.

According to Zacks, “Cognyte Software Ltd. presents protection analytics software which empowers governments and enterprises with Actionable Intelligence. Cognyte Software package Ltd. is based mostly in HERZLIYA, ISRAEL. “

A quantity of other brokerages also a short while ago issued stories on CGNT. StockNews.com downgraded shares of Cognyte Application from a “buy” rating to a “hold” rating in a analysis report on Friday. Wedbush diminished their price objective on shares of Cognyte Application from $17.00 to $9.00 and set a “neutral” score for the company in a investigation report on Wednesday, April 6th. Needham & Organization LLC downgraded shares of Cognyte Software program from a “buy” rating to a “hold” rating in a analysis report on Tuesday, April 5th. Evercore ISI reduced their rate aim on shares of Cognyte Software program from $25.00 to $12.00 and established an “outperform” ranking for the enterprise in a investigation report on Wednesday, April 6th. At last, Stifel Nicolaus dropped their focus on selling price on shares of Cognyte Software program from $21.00 to $13.00 and set a “buy” rating on the stock in a analysis observe on Wednesday, April 6th. One particular analyst has rated the inventory with a offer score, a few have assigned a hold score and a few have assigned a acquire rating to the company’s inventory. Primarily based on facts from MarketBeat.com, the stock currently has an ordinary rating of “Hold” and an ordinary target value of $16.89.

Shares of NASDAQ:CGNT traded down $.10 all through midday buying and selling on Tuesday, hitting $7.12. 927,877 shares of the company’s stock were being exchanged, in comparison to its typical volume of 1,013,517. The stock has a 50 day transferring ordinary cost of $10.57 and a 200-day going ordinary price of $15.66. The organization has a sector cap of $478.59 million, a PE ratio of -30.96 and a beta of 1.34. Cognyte Software program has a 12 thirty day period reduced of $7.01 and a 12 thirty day period superior of $28.55.

Cognyte Software (NASDAQ:CGNTGet Rating) last posted its earnings outcomes on Tuesday, April 5th. The professional medical unit enterprise described $.16 EPS for the quarter, missing the consensus estimate of $.22 by ($.06). Cognyte Software package experienced a damaging return on fairness of 1.87% and a detrimental net margin of 3.14%. The business enterprise had revenue of $125.00 million for the quarter, in comparison to the consensus estimate of $129.56 million. Throughout the exact period in the past yr, the organization attained $.36 earnings for each share. The company’s profits was up .8% on a 12 months-above-year basis. Analysts assume that Cognyte Software will article .27 EPS for the current fiscal calendar year.

Several hedge funds have just lately built variations to their positions in CGNT. Victory Cash Management Inc. lifted its stake in Cognyte Software package by 12.4% in the 4th quarter. Victory Money Administration Inc. now owns 4,239,029 shares of the health care machine company’s stock worthy of $66,426,000 following getting an extra 467,135 shares in the final quarter. Legal & General Team Plc lifted its stake in Cognyte Program by 12,647.2% in the 4th quarter. Legal & Typical Group Plc now owns 3,962,838 shares of the professional medical unit company’s inventory value $62,097,000 after purchasing an added 3,931,750 shares in the last quarter. Senvest Management LLC lifted its stake in Cognyte Program by 4.3% in the 4th quarter. Senvest Management LLC now owns 3,656,127 shares of the health-related system company’s inventory worthy of $57,292,000 following obtaining an further 150,200 shares in the past quarter. American Capital Management Inc. lifted its stake in Cognyte Computer software by 12.8% in the 3rd quarter. American Cash Management Inc. now owns 2,654,100 shares of the healthcare unit company’s inventory really worth $54,542,000 after purchasing an supplemental 301,363 shares in the previous quarter. At last, Kabouter Administration LLC procured a new stake in Cognyte Computer software in the 3rd quarter truly worth roughly $54,470,000. Institutional buyers individual 86.83% of the company’s stock.

About Cognyte Software package (Get Ranking)

Cognyte Application Ltd. provides safety analytics software to governments and enterprises worldwide. The firm’s open software package fuses, analyzes, and visualizes disparate information sets for security corporations. It provides investigative analytics, operational intelligence analytics, and menace intelligence analytics options.

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Analyst Recommendations for Cognyte Software (NASDAQ:CGNT)

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