Cognyte Software Expects FY25 Revenue Of $347M (Prior $344M) At The Midpoint With A Range Of +/-2% Vs. $343.396M Consensus; Sees EPS Loss Of $(0.03) (prior $(0.07)) Vs. $(0.07) Consensus
Portfolio Pulse from Benzinga Newsdesk
Cognyte Software has updated its financial outlook for Fiscal Year 2025, expecting revenue of $347 million at the midpoint, slightly above the consensus of $343.396 million. The company also anticipates a reduced EPS loss of $0.03, compared to the previous $0.07 consensus.
September 10, 2024 | 11:05 am
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Cognyte Software's updated FY25 outlook shows a slight increase in expected revenue to $347M, surpassing the consensus. The EPS loss is also expected to be less than previously anticipated, improving from a $0.07 loss to $0.03.
The increase in revenue expectations and the reduced EPS loss indicate a positive financial outlook for Cognyte Software. This could lead to a positive short-term impact on the stock price as it suggests better-than-expected performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100