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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 (NASDAQ: CGNT) has been recognized as a leader in Frost & Sullivan's 2021 Digital Intelligence Solutions Report, noting its strong performance in both innovation and growth.
The report evaluates companies based on their market share, revenue growth, and R&D capabilities. Cognyte's analytics platform addresses the complexities of modern data, enabling real-time security intelligence.
CEO Amit Daniel emphasized the importance of AI and machine learning in their solutions, validating their commitment to providing actionable insights for security organizations globally.
Cognyte Software Ltd. (NASDAQ: CGNT) will host a conference call on December 21, 2021, at 8:30 am ET to discuss its third-quarter financial results for the period ending October 31, 2021. An earnings press release will precede this call. Investors can access the live audio via telephone and a real-time webcast, including presentation slides, will be available on Cognyte’s website. With over 1,000 customers globally, Cognyte focuses on security analytics software, providing actionable intelligence solutions to enhance safety and security.
Cognyte Software Ltd. (NASDAQ: CGNT) reported strong Q2 FYE22 results with revenue reaching $116 million, up 10.4% year-over-year, and gross profit at $83.9 million, marking a 14.3% increase. Gross margins improved significantly to 72.3%, up 250 bps year-over-year. The company raised its profitability guidance for the full year, anticipating revenue of up to $490 million for FYE22. CEO Elad Sharon noted strong demand for security analytics, supported by notable multi-million dollar orders, reflecting the effectiveness of their software strategy.
Cognyte Software Ltd. (NASDAQ: CGNT) will host a conference call on September 20, 2021, at 8:30 AM ET to discuss its second-quarter financial results for the period ending July 31, 2021. An earnings press release will precede the call. The call will be accessible via a real-time webcast and telephone, with specific dial-in numbers provided for the US, Canada, and international callers. Cognyte, a leader in security analytics software, supports over 1,000 government and enterprise clients globally, focusing on actionable intelligence for enhanced security.
Cognyte Software Ltd. (NASDAQ: CGNT) announced its Q1 FYE22 results, highlighting significant growth in revenues and profits. For the three months ending April 30, 2021, revenue reached $114.7 million, a 13.1% year-over-year increase, while gross profit grew by 19.5% to $81.9 million. The gross margin improved to 71.4%. CEO Elad Sharon noted strong market demand and numerous large orders. The company expects a continued upward trajectory, projecting a 9% revenue increase for Q2 and a full-year revenue guidance of approximately $490 million.
Cognyte Software Ltd. (Nasdaq: CGNT), a leader in security analytics software, announced that CEO Elad Sharon and CFO David Abadi will participate in various virtual investor meetings in May and June 2021. Key events include:
- May 20: Needham's 16th Annual Technology and Media Conference
- May 24: Oppenheimer's 22nd Annual Israeli Conference
- June 2: Cowen's Technology, Media & Telecom Conference
- June 7: Evercore ISI's Inaugural TMT Conference
- June 8: Stifel's Cross Sector Insight Conference
For meeting inquiries, contact your broker's representative.
Cognyte Software Ltd. (NASDAQ: CGNT) announced its results for the three months and year ending January 31, 2021. Q4 revenue reached $124.0 million (GAAP) with a gross margin of 69.8%. For FYE21, revenue totaled $443.5 million, and gross margin improved to 70.1%. The company forecasts Q1 FYE22 revenue between $113 - $115 million and an EPS of at least $0.15. For FYE22, projected revenue is $490 million with an EPS of $0.80. Cognyte emphasizes its focus on security analytics following its separation from Verint.
Cognyte (Nasdaq: CGNT) will host a conference call on April 29, 2021, at 8:30am ET to discuss its financial results for the fourth quarter and full year ended January 31, 2021. Prior to the call, an earnings press release will be issued. The call can be accessed via telephone at (800) 708-4540 for the US and Canada, and (847) 619-6397 internationally. The passcode is 50154360. Cognyte specializes in security analytics software, providing actionable intelligence to over 1,000 customers globally, focusing on national and cybersecurity.
Verint (Nasdaq: VRNT) reported its fourth quarter and full-year financial results for the period ending January 31, 2021. The announcement includes key financial data from its Cyber Intelligence segment, which is now part of Cognyte (Nasdaq: CGNT). Verint's accounting policies may result in slight differences in the financial results that Cognyte will report in April. The company will hold a conference call later to discuss these results and its future outlook.
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