nyte Software .-Cognyte Software Ltd. (CGNT) Surpasses Q3 Earnings and Revenue Estimates

Group 1 - Cognyte Software Ltd. reported quarterly earnings of $0.02 per share, exceeding the Zacks Consensus Estimate of a loss of$ 0.01 per share, and down from earnings of $0.34 per share a year ago, representing an earnings surprise of 300% [1] - The company posted revenues of$ 89 million for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 2.54%, and up from $79.39 million year-over-year [2] - Cognyte Software shares have increased approximately 34.1% since the beginning of the year, outperforming the S&P 500's gain of 26.5% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is -$ 0.01 on revenues of $90.8 million, and -$ 0.07 on revenues of $344.7 million for the current fiscal year [7] - The Zacks Industry Rank for Internet - Software is currently in the top 14% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]