What's Going On With Cognyte Software Shares After Q1 Results?
Portfolio Pulse from Akanksha Bakshi
Cognyte Software Ltd. (NASDAQ:CGNT) reported strong Q1 fiscal 2025 results, with sales growth of 12.9% year over year, beating consensus estimates. The company also reported a smaller-than-expected adjusted EPS loss and improved margins. Despite the positive results and an increased outlook for fiscal 2025, CGNT shares are trading lower by 5.63%.
June 18, 2024 | 3:27 pm
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Cognyte Software Ltd. reported strong Q1 fiscal 2025 results, beating sales and EPS estimates, and showing improved margins. Despite these positive results and an increased outlook for fiscal 2025, CGNT shares are trading lower by 5.63%.
Cognyte Software Ltd. reported better-than-expected Q1 results, including sales growth, improved margins, and a smaller-than-expected EPS loss. The company also raised its fiscal 2025 outlook. However, the stock is trading lower by 5.63%, possibly due to profit-taking or market conditions. The short-term impact on the stock price is neutral as the positive results are offset by the current price action.
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