
Cognyte Software (CGNT) Stock Forecast & Price Target
Cognyte Software (CGNT) Analyst Ratings
Bulls say
Cognyte Software Ltd has demonstrated a positive trend in its financial performance, with a sequential increase in cRPO of 2%, reaching $325.9 million. The company has guided revenue growth expectations of approximately $347 million for FY25, reflecting an 11% year-over-year growth, indicating sustained demand for its security analytics solutions. Additionally, the introduction of Billings commentary and an 11% year-over-year increase in billings to $77.8 million underscore the strengthening nature of Cognyte's Recurring Revenue mix, which constituted 55% of total revenue in the last quarter, suggesting a solid foundation for future growth.
Bears say
Cognyte Software Ltd reported a sequential decline of 5% in its Software & Software Services Revenue, totaling $72.3 million, which fell short of both consensus estimates and previous performance metrics. The company's financial performance was primarily supported by cost discipline, with operating expenses coming in lower than forecasted, but this resulted in lower-quality revenue composition, driven by a notable increase in Professional Services revenue. Furthermore, the company has been facing challenges since its separation from Verint, including a tough macroeconomic environment, supply chain issues, and prolonged deal cycles, which raises concerns about its long-term growth sustainability.
This aggregate rating is based on analysts' research of Cognyte Software and is not a guaranteed prediction by Public.com or investment advice.
Cognyte Software (CGNT) Analyst Forecast & Price Prediction
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