Repeats to chain to corrected alerts; no changes to text
Overview
Cognyte Q2 FYE26 revenue rises 15.5% yr/yr to $97.5 mln
Operating income of $2.7 mln missed analyst expectations
Co completed $20 mln share buyback, announces new $20 mln program
Outlook
Cognyte raises fiscal 2026 revenue outlook to $397 mln at midpoint
Company expects fiscal 2026 adjusted EBITDA to grow 55% year-over-year
Cognyte projects fiscal 2026 non-GAAP diluted EPS of $0.23
Company cites strong demand for AI-driven analytics solutions
Result Drivers
TECHNOLOGY ADVANCEMENTS - Cognyte attributes revenue growth to its differentiated AI-driven investigative analytics technology, per CEO Elad Sharon
CUSTOMER WINS - Significant deals with new and existing customers contributed to revenue increase, according to management
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | $97.51 mln | ||
Q2 Net Income | $2.73 mln | ||
Q2 Operating Income | Miss | $2.74 mln | $7.13 mln (2 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "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 $10.00, about 4.7% above its September 8 closing price of $9.53
The stock recently traded at 48 times the next 12-month earnings vs. a P/E of 64 three months ago
Press Release: ID:nBw7dT9jra
(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.)