Welcome to our dedicated page for Cognyte Software Ltd. Ordinary Shares news (Ticker: CGNT), a resource for investors and traders seeking the latest updates and insights on Cognyte Software Ltd. Ordinary Shares stock.
Cognyte Software Ltd. (CGNT) is a leading provider of security analytics software that empowers both governments and enterprises with actionable intelligence. Its core business revolves around creating sophisticated software solutions designed to enhance the effectiveness and efficiency of investigations and decision-making processes. The company’s flagship products include advanced analytics tools that help users accelerate their investigative capabilities, paving the way for quick and informed decisions.
What Cognyte Does: Cognyte’s software suite is engineered to integrate seamlessly with existing systems, providing users with a comprehensive interface that allows for the swift analysis of large data sets. This feature is particularly crucial for organizations dealing with security and intelligence, where timely and accurate information is paramount.
Recent Achievements and Projects: Recently, Cognyte has been involved in several high-profile projects aimed at enhancing public safety and security. These include partnerships with governmental agencies and private enterprises, focusing on developing tailor-made solutions that address specific security challenges. The company continues to invest heavily in research and development to stay ahead of the evolving threat landscape.
Financial Condition: Financially, Cognyte has shown a resilient performance amidst a challenging economic environment. The company has consistently reported strong revenue growth, backed by its robust portfolio of products and solutions. Investors have shown confidence in Cognyte's strategic direction and its ability to innovate and lead in the security analytics space.
Partnerships and Collaborations: Cognyte maintains strategic partnerships with several technology firms and government bodies. These collaborations are aimed at combining expertise and resources to deliver cutting-edge security solutions that are both effective and scalable. Their collaborative efforts ensure that Cognyte remains at the forefront of security analytics technology.
Product Offerings: The company offers a range of products designed to meet the diverse needs of its clients. These include tools for cybersecurity, data analytics, threat detection, and intelligence gathering. Each product is designed with the user in mind, ensuring ease of use, comprehensive functionality, and seamless integration.
In summary, Cognyte Software Ltd. is a pivotal player in the security analytics industry, providing indispensable tools that help organizations safeguard their operations and make informed decisions. With its innovative approach, solid financial standing, and strategic partnerships, Cognyte is well-positioned to continue its growth trajectory and provide exceptional value to its clients and stakeholders.
Cognyte Software (NASDAQ: CGNT) has secured a new contract exceeding $1 million with a tier-1 law enforcement agency in the EMEA region. The agreement, won through a competitive bid process, replaces a longstanding vendor and will provide the agency with advanced investigative analytics capabilities. The implementation aims to modernize the agency's operations, helping prevent and solve crimes, disrupt drug-trafficking networks, and address unlawful entry challenges.
The partnership represents a significant milestone for Cognyte, demonstrating the company's growing influence in the global law enforcement sector and validating its technological solutions and expertise.
Cognyte Software (NASDAQ: CGNT) reported strong Q3 FYE25 results with revenue reaching $89.0 million, up 12.1% year-over-year. The company's financial performance showed improvements with Adjusted EBITDA increasing 41.9% to $6.6 million. Year-to-date revenue grew 11.5% to $256.1 million, while Adjusted EBITDA surged 324.9%.
Cash position strengthened to $107.3 million as of October 31, 2024. The company secured four significant orders, including two deals valued over $20 million each. Based on strong performance and visibility, Cognyte raised its FYE25 outlook, projecting revenue of $349 million (±1%), representing 11% growth, with Adjusted EBITDA of approximately $26 million.
Cognyte Software (NASDAQ: CGNT) has secured a $20-plus million follow-on order from a national security agency in the EMEA region. This expansion enhances the agency's investigative capabilities with advanced AI-based solutions, enabling faster and more accurate investigations. The upgrade addresses the growing data complexity driven by technologies like 5G. Cognyte’s analytics will help the agency process massive data volumes efficiently, improving the identification and neutralization of threats such as terrorism, drug trafficking, and weapons smuggling. These solutions offer critical insights, allowing for proactive risk mitigation and better resource allocation. Gil Cohen, Chief Product Officer at Cognyte, highlighted the importance of their AI capabilities and long-term customer relationships in driving new business opportunities and safeguarding citizens worldwide.
Cognyte Software (NASDAQ: CGNT) hosted its Intelligence Summit 2024, gathering over 300 intelligence, law enforcement and security professionals from approximately 70 countries. The summit showcased the company's latest AI-powered investigative analytics solutions and featured keynote speaker retired Admiral Mike Rogers, former NSA Director.
The event focused on emerging security trends, peer collaboration, and addressing sector challenges. Notable presentations included discussions on leveraging innovative technologies for emerging threats. Timothy O'Callaghan, a retired U.S. Marshal Branch Chief who recently joined Cognyte, highlighted the summit's role in connecting peers and exploring innovations in intelligence.
Cognyte Software (NASDAQ: CGNT) will announce its third quarter FYE25 financial results on December 11, 2024. The results will cover the quarter ending October 31, 2024. A conference call to discuss the results is scheduled for 8:30am ET on the same day. Prior to the call, an earnings press release will be issued. A real-time webcast of the call, including presentation slides, will be accessible via the Investor Relations section of Cognyte's website. Participants interested in the Q&A session must register to obtain the necessary dial-in numbers and unique PIN. Early registration is recommended.
Cognyte Software (NASDAQ: CGNT) has secured a follow-on order exceeding $2 million from a leading North American law enforcement agency (LEA). This marks the third order within a year, bringing the total investment to over $3 million. The LEA has replaced its previous provider with Cognyte's investigative analytics software to enhance operational intelligence capabilities, including threat recognition and community safety measures across a wide geographic region. The implementation enables improved search and rescue operations, emergency responses, and crime prevention through advanced technologies and data analysis.
Cognyte Software (NASDAQ: CGNT) has secured two new agreements worth over $10 million with a longstanding military intelligence customer in the Asia-Pacific region. The agreements focus on enhancing border security capabilities through technology upgrades and expansion. The first agreement involves upgrading existing Cognyte solutions with latest versions, while the second introduces a new solution following a rigorous evaluation process. These implementations aim to optimize personnel allocation and prevent unauthorized access, strengthening the customer's national security measures.
Cognyte Software (NASDAQ: CGNT) has announced a $20 million share repurchase program authorized by its board of directors. The program, extending through June 12, 2026, allows the company to buyback ordinary shares through open market purchases and private transactions. The initiative reflects management's confidence in the company's growth prospects and cash generation capabilities. Repurchases will commence after a 30-day creditor objection period and will be funded through existing cash and ongoing cash flow. The program can be suspended or discontinued at the company's discretion, with acquired shares available for general corporate purposes.
Cognyte Software (NASDAQ: CGNT) has secured a $10+ million expansion agreement with a longstanding law enforcement customer in the Asia-Pacific region. The deal focuses on enhancing border security and investigative capabilities through advanced analytics solutions. The expanded capacity will help local law enforcement agencies (LEAs) protect border integrity and respond to emerging threats across a broad geographic region. The solution aims to prevent unauthorized entry and criminal movement while improving resource allocation for public safety.
Cognyte Software (NASDAQ: CGNT), a leader in investigative analytics software, announced its participation in the Needham Virtual Infrastructure, Data Analytics Software, & Cloud Communications Conference. CEO Elad Sharon and CFO David Abadi will conduct a virtual fireside chat on November 20, 2024, at 8:45 am ET. The discussion will be available via live webcast and replay on Cognyte's investor relations website.
FAQ
What is the current stock price of Cognyte Software Ltd. Ordinary Shares (CGNT)?
What is the market cap of Cognyte Software Ltd. Ordinary Shares (CGNT)?
What does Cognyte Software Ltd. do?
What are Cognyte's core products?
Who are Cognyte's primary clients?
How does Cognyte's software benefit its users?
What recent achievements has Cognyte made?
What is Cognyte's financial performance like?
Who are Cognyte's strategic partners?
What industries does Cognyte serve?
How does Cognyte invest in innovation?
What sets Cognyte apart from its competitors?
