Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Cognyte Stock Is Falling Hard Today

TheMotleyFool

0 0

Shares of Cognyte Software (NASDAQ: CGNT), an analytics software company, plummeted this morning after the company reported first-quarter sales and earnings that fell far below analysts' consensus estimates.

The tech stock was down by 26.3% as of 10:48 a.m. ET.

Cognyte reported a non-GAAP (adjusted) loss of $0.79 per share in the first quarter -- compared to earnings of $0.20 in the year-ago quarter -- which was far worse than the $0.10 earnings per share Wall Street was expecting.

Source Fool.com

Like: 0

CGNT

Share