Why Cognyte Stock Is Falling Hard Today

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.

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Source Fool.com