Cognyte Software Expects FY25 Revenue of $340M at the Midpoint With a Range of +/-2% Vs $333.47M Est, EPS Loss of $(0.13) Vs $(0.18) Est
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Cognyte Software projects its FY25 revenue to be $340M, marking an 8.5% growth from the previous year, with an EPS loss of $0.13, better than the estimated loss of $0.18.
April 09, 2024 | 11:06 am
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Cognyte Software expects FY25 revenue of $340M, an 8.5% increase from the previous year, and an EPS loss of $0.13, which is an improvement over the estimated loss of $0.18.
The projected revenue growth and narrower loss in EPS than expected for FY25 indicate a positive outlook for Cognyte Software. This financial performance improvement, especially when it surpasses market estimates, is likely to be viewed favorably by investors, potentially leading to a short-term uptick in CGNT's stock price.
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