Cognyte Software Ltd [CGNT] stock prices are up 9.39% to $8.04 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CGNT shares have gain 9.54% over the last week, with a monthly amount glided 7.06%, and seem to be holding up well over a long-time horizon.
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On 5, February 2024, Cognyte Rings Nasdaq Opening Bell to Celebrate Thirty Years In the Industry, Third Anniversary as Publicly Traded Company. In a post published today on Yahoo Finance, Cognyte Software Ltd. (NASDAQ: CGNT) (“Cognyte”), a global leader in investigative analytics software, rang the Nasdaq Stock Market opening bell earlier today to celebrate thirty years of bringing market-leading solutions to the investigative analytics space and its third anniversary as a publicly traded company on Nasdaq.
From an analyst’s perspective:
Cognyte Software Ltd [NASDAQ: CGNT] stock has seen the most recent analyst activity on September 29, 2022, when Stifel downgraded its rating to a Hold and also revised its price target to $6 from $8. Previously, Evercore ISI downgraded its rating to In-line on June 29, 2022, and dropped its price target to $5. On June 28, 2022, downgrade downgraded it’s rating to Mkt Perform. Needham downgraded its rating to a Hold. Wedbush downgraded its rating to a Neutral but $17 remained the price target by the analyst firm on December 22, 2021. In a note dated March 05, 2021, Evercore ISI upgraded an Outperform rating on this stock but restated the target price of $40.
The stock price of Cognyte Software Ltd [CGNT] has been fluctuating between $2.95 and $7.78 over the past year. Cognyte Software Ltd [NASDAQ: CGNT] shares were valued at $8.04 at the most recent close of the market.
Analyzing the CGNT fundamentals
The Cognyte Software Ltd [NASDAQ:CGNT] reported sales of 302.97M for trailing twelve months, representing a surge of 11.42%. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.12%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.2 and Total Capital is -0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.58 points at the first support level, and at 7.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.34, and for the 2nd resistance point, it is at 8.64.
Cognyte Software Ltd [CGNT] reported earnings per share of $0.34 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.01/share, meaning a difference of $0.33 and a surprise factor of 3,300.00%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were -$0.09 per share as compared to estimates of -$0.22 per share, a difference of $0.13 representing a surprise of 59.10%.
Ratios To Look Out For
It’s worth pointing out that Cognyte Software Ltd [NASDAQ:CGNT]’s Current Ratio is 1.27. Further, the Quick Ratio stands at 1.15, while the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 1.87, the price to book ratio is 3.00.
