Top Wall Street Forecasters Revamp Cognyte Software Price Expectations Ahead Of Q2 Earnings
Portfolio Pulse from Avi Kapoor
Cognyte Software Ltd. (NASDAQ:CGNT) is set to release its Q2 earnings, with analysts expecting a smaller loss compared to last year. The company is projected to post $83.69 million in revenue. Recent analyst ratings show mixed sentiments, with some raising price targets.
September 10, 2024 | 8:57 am
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Cognyte Software is expected to report a smaller quarterly loss and increased revenue for Q2. Analysts have mixed ratings, with some raising price targets, indicating cautious optimism.
The expected smaller loss and increased revenue suggest positive performance. Analysts' mixed ratings, with some raising price targets, indicate cautious optimism, likely leading to a short-term positive impact on the stock price.
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