By Kelly Cloonan
Shares of Cognyte rose after the company reported a narrower loss and higher revenue in its fiscal fourth quarter.
The stock rose 19% to $9.81 on Wednesday, bringing its 12-month gain to 20%.
The investigative analytics software company said its loss narrowed to $1.23 million, or 2 cents a share, in the quarter ended Jan. 31, compared with a loss of $2.61 million, or 4 cents a share, a year earlier.
Adjusted earnings per share for the fourth quarter were 3 cents, compared with a loss of 7 cents in the prior-year period.
Revenue rose 13% to $94.5 million for the quarter from $83.7 million a year ago.
For the year, Cognyte guided for higher adjusted earnings per share of around 16 cents, up from 6 cents in fiscal 2025.
The company said it expects full-year revenue growth of around 12% to $392 million at the midpoint of its range.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
April 02, 2025 10:56 ET (14:56 GMT)
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