Cognyte Software posts rise in Q3 revenue, raises FY revenue forecast
I'm PortAI, I can summarize articles.
Cognyte Software reported a 13.2% increase in Q3 2026 revenue, driven by software demand. Despite missing analyst expectations for operating income, the company raised its full-year revenue forecast to $400 million, a 14% increase. Adjusted EBITDA is expected to grow by 60% to $47 million, with non-GAAP EPS anticipated at $0.24. Higher tax expenses and foreign exchange impacts led to a GAAP net loss. Analysts rate the stock as a "buy," with a median price target of $12.00, 33.8% above its recent closing price.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments