Cognyte Software Stock Price, News & Analysis

Cognyte Software (NASDAQ: CGNT), a global leader in investigative analytics software, has announced a virtual Analyst & Investor Day scheduled for Tuesday, April 8, 2025, starting at 8:00 a.m. ET.

During this event, the senior leadership team will present:

• Long-term growth strategy
• Key growth initiatives
• Financial outlook

The presentation will be followed by a Q&A session. A detailed agenda will be provided before the event. Financial community members can register for the webcast through Cognyte's Investor Relations webpage under Upcoming Events, with a replay available after the live event.

Cognyte Software (NASDAQ: CGNT) has secured a deal exceeding $5 million with a national security agency in the EMEA region. This agreement involves the customer upgrading their existing Cognyte platform and expanding their investment in the company's portfolio.

The agency will implement Cognyte's decision intelligence platform to unify disparate data sources into a single, cohesive view, enhancing investigative effectiveness for national security threats including border security, crime, and terror. The platform leverages AI, data fusion, and advanced analytics to process vast amounts of data and generate actionable insights.

Key benefits include:

• Elimination of labor-intensive manual queries across data silos
• Automated cross-analysis for extracting actionable intelligence
• User-friendly design for streamlined collaboration
• AI-powered analytics to solve cases faster

According to Efi Nuri, Chief Revenue Officer at Cognyte, this expansion will enhance the agency's ability to identify and assess security risks with increased speed and accuracy.

Cognyte Software (NASDAQ: CGNT) has released a comprehensive survey revealing significant challenges faced by law enforcement agencies (LEAs) in data analysis and investigation processes. The survey, covering 300 stakeholders across 32 countries, highlights that 79% of LEAs struggle to extract meaningful insights from their data, while 39% face difficulties in resolving investigations within reasonable timeframes.

Key findings show that 27% of LEAs are dealing with increasing connections between criminal networks and terror groups, while over 30% cite data silos and lack of inter-agency cooperation as major non-technical barriers. Notably, 55% of LEAs identify GenAI-powered chatbots as the primary technology enabling criminal activities.

The study also reveals that 46% of LEAs face challenges in both gathering court-admissible evidence and analyzing it effectively. Looking ahead to 2025, nearly half of the agencies view predictive analytics and GenAI-powered data exploration as transformative technologies for accelerating investigations.

Cognyte Software (NASDAQ: CGNT) has secured a new subscription-based deal worth over $500,000 annually with a national police agency in the Asia-Pacific region. The agreement expands their existing relationship by implementing Cognyte's blockchain analytics solution to combat cryptocurrency-related crimes.

The solution leverages blockchain intelligence, AI, and machine learning to help investigators uncover hidden insights within blockchain data and identify criminals conducting suspicious cryptocurrency transactions. This technology enables the detection of crypto-based criminal actors independently of cryptocurrency exchanges, addressing various illicit activities including organized crime, cybercrime, terror financing, and money laundering.

This implementation comes at a important time, as illicit cryptocurrency transactions have exceeded $24 billion worldwide. The solution aims to help law enforcement agencies fast-track investigations, confiscate illegal cryptocurrencies, return stolen assets to victims, and remove bad actors from cryptocurrency ecosystems.

Cognyte Software (NASDAQ: CGNT) has secured a follow-on order worth over $1 million from a leading North American law enforcement agency (LEA), bringing their total investment to more than $2 million across three orders. The company successfully replaced an incumbent provider by demonstrating superior technology capabilities that increased the agency's mission success rate.

Cognyte's investigative analytics software provides LEAs with real-time actionable insights to expedite investigations, enhance crime prevention, and optimize emergency responses. The solutions support critical activities ranging from preventing criminal activity to coordinating rescue operations during natural disasters.

Cognyte Software (NASDAQ: CGNT), a global leader in investigative analytics software, has announced its participation in the 27th Annual Needham Growth Conference. CEO Elad Sharon and CFO David Abadi will conduct a fireside chat on Wednesday, January 15, 2025, at 9:30 am ET.

The event will be accessible to interested parties through a real-time webcast, with a replay option available on Cognyte's investor relations website at cognyte.com/investors/.

Cognyte Software (NASDAQ: CGNT) has appointed Nadav Argaman as a strategic senior advisor. Argaman, who served as director of the Israeli Security Agency (ISA) from 2016 to 2021, brings extensive experience in national security, counterterrorism, and intelligence operations. His previous roles include deputy head of the ISA, Operations Division Chief, and ISA representative in the United States.

In his new advisory role, Argaman will support Cognyte's customer engagement strategies and corporate initiatives, leveraging his operational insights and industry relationships. CEO Elad Sharon emphasized Argaman's deep understanding of global threat ecosystems and their value in advancing Cognyte's mission to empower agencies in safeguarding communities.

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.