Cognyte Software Expects FY25 Revenue Of $344M (Prior $340M) At The Midpoint With A Range Of +/-2% Vs. $339.02M Consensus; Sees EPS Loss Of $(0.07) Vs. $(0.13) Consensus
Portfolio Pulse from Benzinga Newsdesk
Cognyte Software has updated its financial outlook for the fiscal year ending January 31, 2025. The company expects revenue of $344 million at the midpoint, representing a 10% growth from the previous year, and an EPS loss of $0.07, which is better than the consensus estimate of a $0.13 loss.
June 18, 2024 | 11:08 am
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Cognyte Software has updated its FY25 outlook, expecting revenue of $344 million at the midpoint, representing a 10% growth from the previous year. The company also anticipates an EPS loss of $0.07, which is better than the consensus estimate of a $0.13 loss.
The updated revenue and EPS outlook is positive news for investors, as the revenue forecast shows significant growth and the EPS loss is smaller than expected. This could lead to a short-term increase in the stock price.
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