CGNT Stock Summary and Trading Ideas (Cognyte Software Ltd. - | NASDAQ:CGNT)

Cognyte Software Ltd provides security analytics software that empowers governments and enterprises with Actionable Intelligence. Its interface software is designed to help customers accelerate and improve the effectiveness of investigations and decision-making.

Cognyte Software Ltd. - trades on the NASDAQ stock market under the symbol CGNT.

As of January 6, 2025, CGNT stock price climbed to $8.91 with 253,612 million shares trading.

CGNT has a beta of 1.39, meaning it tends to be more sensitive to market movements. CGNT has a correlation of 0.21 to the broad based SPY ETF.

CGNT has a market cap of $640.58 million. This is considered a Small Cap stock.

Last quarter Cognyte Software Ltd. - reported $89 million in Revenue and $.02 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.06.

In the last 3 years, CGNT traded as high as $15.61 and as low as $2.31.

The top ETF exchange traded funds that CGNT belongs to (by Net Assets): IZRL, SMLF, MSSM, ONEQ, ITEQ.

CGNT has outperformed the market in the last year with a price return of +44.9% while the SPY ETF gained +28.5%. CGNT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +37.7% and +2.8%, respectively, while the SPY returned +5.2% and +0.7%, respectively.

CGNT support price is $8.60 and resistance is $9.16 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CGNT shares will trade within this expected range on the day.