Last Updated: 19 Sep 2024
Executive Summary
Cognyte Software Ltd. (CGNT) is a provider of security analysis software to governments and companies worldwide. The company has a market capitalization of $483 million and trades on the NASDAQ exchange. The stock price is currently trading at $6.72, within its 52-week range of $4.00 to $8.70.
Company Overview
Cognyte Software Ltd. was founded in 1999 and is headquartered in Herzliya, Israel. The company offers a range of software products and services that help organizations identify, investigate, and respond to security threats. Cognyte's customers include law enforcement agencies, intelligence agencies, and private companies.
Fundamental Analysis
Cognyte Software Ltd. reported revenue of $330.2 million for the trailing twelve months ended July 31, 2024. The company's gross profit margin was 58.3%, and its operating margin was -1.6%. Cognyte's net loss for the period was $4.3 million, and its diluted EPS was -$0.06.
Cognyte's financial performance has been mixed in recent years. The company's revenue has grown steadily, but its profitability has been inconsistent. Cognyte has reported losses in three of the past five years.
Technical Analysis
The technical analysis of Cognyte Software Ltd. stock indicates that the stock is in a downtrend. The stock price has been below its 50-day and 200-day moving averages for the past several months. The stock's relative strength index (RSI) is also below 50, indicating that the stock is oversold.
Short Term Outlook
The short-term outlook for Cognyte Software Ltd. stock is negative. The stock is in a downtrend and is oversold. The stock is likely to continue to decline in the short term.
Long Term Outlook
The long-term outlook for Cognyte Software Ltd. stock is uncertain. The company's financial performance has been mixed in recent years, and the stock is currently trading at a discount to its peers. However, the company's products and services are in demand, and the company has a strong customer base. If Cognyte can improve its profitability, the stock could be a good long-term investment.
Analyst Recommendations
The consensus analyst rating on Cognyte Software Ltd. stock is "Hold." One analyst has a "Buy" rating on the stock, three analysts have a "Hold" rating, and no analysts have a "Sell" rating. The average analyst target price is $9.17.
