Israel's Cognyte Q2 revenue rises on software demand

Cognyte sees FYE27 revenue at $448 mln, with a range of +/- 2%

Company expects FYE27 adjusted EBITDA of about $68 mln at midpoint of revenue range

Cognyte forecasts FYE27 non-GAAP diluted EPS of $0.47 at midpoint of revenue range

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for COGNYTE SOFTWARE LTD. is $13.00, about 58% above its September 8 closing price of $8.23

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 21 three months ago

Israel AI analytics provider's fiscal Q2 revenue grew 12% yr/yr, operating income missed estimates

Non-GAAP diluted EPS for Q2 nearly doubled yr/yr