Cognyte jumps after annual forecast raise

Reuters
2025.12.09 13:47
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** Shares of software provider Cognyte Software up 4.9% at $9.41 premarket ** Co raises FY26 revenue forecast mid-point to $400 mln vs $397 earlier ** Sees midpoint of FY26 adj. EPS at 24 cents, up from 23 cents previously ** Q3 revenue, profit also beat estimates** Co attributes expanding margins and robust demand for quarterly beat and forecast raise ** Average rating of four analysts on stock is a "buy"; median PT at $12 - data compiled by LSEG** As of last close, stock up 3.7% YTD