Top Wall Street Forecasters Revamp Cognyte Software Price Expectations Ahead Of Q2 Earnings

Core Insights - Cognyte Software Ltd. is set to release its second-quarter earnings results on September 10, with analysts expecting a loss of 2 cents per share compared to a loss of 9 cents per share in the same quarter last year [1] - The company is projected to report revenue of $83.69 million for the quarter [1] - In the first quarter of fiscal 2025, Cognyte Software achieved a sales growth of 12.9$82.714 million, surpassing the consensus estimate of $82.046 million [1] - The stock price of Cognyte Software increased by 0.8$7.44 on the preceding Monday [1] Analyst Ratings - Wedbush analyst Daniel Ives maintained a Neutral rating and raised the price target from $8 to$9 on June 20, with an accuracy rate of 75% [1] - Needham analyst Mike Cikos reiterated a Hold rating on June 18, holding an accuracy rate of 66% [1] - Evercore ISI Group analyst Kirk Materne maintained an In-Line rating and increased the price target from $5 to$7.5 on April 10, with an accuracy rate of 67% [1]