Cognyte Software Ltd.

CGNT

$8.48

+0.71%

N/A+$0.06

Tecnología

Software - Infraestructura

NASDAQ

Negociación activa

Cognyte Software Ltd., establecida en Herzliya, Israel, en 2020, ofrece sofisticado software de analítica de investigación para una amplia gama global de ...

Análisis fundamental de CGNT

Fortalezas clave

High gross margin (~72%) consistent with scalable software economics

Clear focus on investigative analytics and security analytics for high-stakes government and enterprise customers

Factores de riesgo

Net profitability remains weak/negative (FY2025 net margin about -0.2%), limiting compounding and increasing execution risk

Government IT/security budgets are cyclical and subject to procurement delays, re-bids, and potential program shutdowns

Rentabilidad

Margen neto-0.66%

Margen operativo3.78%

Valoración

PER-210.42x

Ratio corriente1.32

Eficiencia

ROE-1.33%

ROA-0.51%

Análisis Fundamental de CGNT

Cognyte Software (CGNT) is a software-driven investigative analytics and security analytics company focused on helping governments, law enforcement, and national security customers turn complex data into “actionable intelligence.” The business is tied to public-sector security and intelligence budgets, with recurring revenue patterns supported by multi-unit deployments and “land-and-expand” expansions among large, long-cycle customers. Strategically, Cognyte differentiates through AI-enabled investigative analytics, open-source and threat intelligence capabilities, and (in some engagements) tactical SIGINT-style solutions. From a fundamentals perspective, profitability remains mixed. FY2025 revenue was about $400.0M with a very high gross margin (~72%), consistent with software economics. However, operating margin is low (~3.3%) and FY2025 net income is slightly negative (net margin about -0.2%), indicating that operating leverage has not fully translated into bottom-line profitability. Cash generation appears healthier than accounting earnings: operating cash flow was about $40.3M, supporting ongoing R&D and go-to-market investment. Liquidity is adequate, with a current ratio near 1.33 and quick ratio above 1.0 in the latest data provided. Leverage also looks manageable. Reported debt-to-equity is modest (~0.19) and net debt to EBITDA is negative (i.e., net cash position), with high interest coverage (very strong coverage ratios using the provided metrics). Valuation multiples are difficult to interpret with negative earnings (P/E is not meaningful), but on an enterprise-value basis EV/Sales is around ~1.37x, suggesting the market may be pricing in a need for further operating improvement rather than assuming rapid margin expansion. Near-term sentiment is supported by recent contract expansion news and continued guidance posture referenced in filings, while the share price remains volatile and the company’s profitability profile limits conviction for aggressive growth forecasts. For long-term investors, CGNT’s thesis is best viewed as a “software in security/investigations” story: attractive gross margins and cash generation, but with execution risk in scaling operating income and sustaining win rates across government procurement cycles.

Fortalezas clave de CGNT

High gross margin (~72%) consistent with scalable software economics
Clear focus on investigative analytics and security analytics for high-stakes government and enterprise customers
Customer stickiness potential from investigation workflows and multi-unit deployments (land-and-expand model)
AI- and advanced analytics-led product positioning (speed/accuracy and predictive/anticipatory capabilities)
Positive operating cash flow (~$40M FY2025) despite near-breakeven net income
Manageable leverage and strong interest coverage; net cash indicated by negative net-debt/EBITDA

Factores de riesgo de CGNT

Net profitability remains weak/negative (FY2025 net margin about -0.2%), limiting compounding and increasing execution risk
Government IT/security budgets are cyclical and subject to procurement delays, re-bids, and potential program shutdowns
Long sales cycles and dependence on a limited number of large contract counterparties can affect revenue visibility
High R&D intensity (R&D as a share of revenue shown above) may pressure operating margins until scale improves
Valuation and multiples are less reliable due to negative earnings (P/E not meaningful), increasing uncertainty around fair value
Operational and geopolitical risk: security and intelligence procurements can shift due to policy, compliance, and strategic priorities
Competitive intensity in analytics/SIEM/OSINT and AI-enabled security platforms could pressure pricing or win rates
Stock volatility in small-cap software names may amplify downside during macro risk-off periods

Capitalización vs ingresos y beneficios

Beneficios

n/a

Ingresos

n/a

Capitalización bursátil

$625.03M

-210.4x

Ratio P/E

1.5x

Ratio P/S

Beneficios e ingresos

Último informen/a

Beneficio por acción (EPS)n/a

Margen bruto72.64%

Margen neto-0.66%

Ratio deuda/capital0.19

Puente de rentabilidad (actual vs interanual)

Muestra cómo cambiaron el margen bruto, operativo y neto frente al año anterior.

Historial de ingresos / beneficio neto / FCF (USD B)

Señales de crecimiento de CGNT

Métrica	Actual	Anterior	InteranualCambio interanual: trimestre actual frente al mismo trimestre del año pasado.	TrimestralCambio trimestral: trimestre actual frente al trimestre anterior inmediato.	Señal
Ingresos	—	—	—	—	Plano
EPS diluido	—	—	—	—	Plano
Flujo de caja libre	—	—	—	—	Plano

Rentabilidad de CGNT

Métrica	Actual	Anterior	InteranualCambio interanual: trimestre actual frente al mismo trimestre del año pasado.	TrimestralCambio trimestral: trimestre actual frente al trimestre anterior inmediato.	Señal
Margen neto	—	-2.88%	—	—	Plano
Margen operativo	—	4.18%	—	—	Plano
ROE	—	—	—	—	Plano

Salud financiera de CGNT

Métrica	Actual	Anterior	InteranualCambio interanual: trimestre actual frente al mismo trimestre del año pasado.	TrimestralCambio trimestral: trimestre actual frente al trimestre anterior inmediato.	Señal
Ratio corriente	—	1.317	—	—	Plano
Ratio rápido	—	1.235	—	—	Plano
Deuda / capital	—	0.186	—	—	Plano

Valoración de CGNT

Métrica	Actual	Anterior	InteranualCambio interanual: trimestre actual frente al mismo trimestre del año pasado.	TrimestralCambio trimestral: trimestre actual frente al trimestre anterior inmediato.	Señal
P/E	—	-56.07x	—	—	Plano
P/B	—	3.48x	—	—	Plano

Supply Chain de CGNT

RELATIONS

Upstream

Microsoft Corporation (Azure)NASDAQ:MSFTThreatConnect Inc.Various OEM Hardware Suppliers (Unnamed)Intel CorporationNASDAQ:INTC Verint Systems Inc.NASDAQ:VRNT

Downstream

EMEA Law Enforcement / National Security Agencies (Multiple Sovereign Entities)North American Tier-1 Law Enforcement AgenciesAPAC National Security AgenciesCarahsoft Technology Corp.Four Inc.Enterprise Customers (Communications Services Industry)Military / Defense Organizations (EMEA)

Proxies

Palantir Technologies Inc.NYSE:PLTR Verint Systems Inc.NASDAQ:VRNT CrowdStrike Holdings Inc.NASDAQ:CRWDNice Ltd.TASE:NICE

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