Cognyte Secures $5 Million Contract with Major U.S. Law Enforcement Agency
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
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Should l Buy CGNT?
Cognyte Software announced that one of the largest state law enforcement agencies in the United States has selected Cognyte in a contract valued at approximately $5 million. The agency will deploy Cognyte's tactical SIGINT solution to support mission-critical investigations and real-time field operations across its state. The win represents a new customer for Cognyte in the U.S., displacing an incumbent provider and laying the foundation for future expansion across Cognyte's investigative analytics platform. "Winning against an established incumbent highlights the strength of our innovation in investigative analytics and our ability to deliver faster, more precise intelligence in the field," said Elad Sharon, chief executive officer at Cognyte. "This win is a strong validation of our growth strategy in North America, establishing a new Tier-1 customer and creating a pathway for potential expansions as the agency scales its intelligence capabilities."
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Analyst Views on CGNT
About CGNT
Cognyte Software Ltd is an Israel-based company. The main activity is focused on providing security and analytics software. The Company designs software that empowers governments and enterprises with Actionable Intelligence for solutions accelerate security investigations to successfully identify, neutralize, and prevent threats.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Cognyte Software Reports Strong Earnings, Shares Surge
- Impressive Earnings: Cognyte Software unveiled its Q4 and full-year 2026 results, reporting revenue exceeding $106 million, a 12% year-over-year increase, which led to a more than 6% surge in stock price, reflecting strong market performance.
- Dramatic Net Income Growth: The company achieved a net income of $7.6 million ($0.10 per share), nearly quadrupling from the previous year and significantly surpassing analyst expectations of $7 million ($0.07 per share), showcasing the resilience of its financial model and differentiated solutions.
- Optimistic Guidance: Cognyte projects revenue for the current fiscal year to be between $435 million and $461 million, with adjusted net income at $0.47 at the midpoint, both figures exceeding analyst estimates, indicating strong confidence in future growth.
- Strong Market Demand: The software aids governments and law enforcement in identifying security risks, a demand expected to rise in the current age of conflict, further solidifying the company's market position and investment appeal.
See More
Cognyte Secures $5M Contract with Tier-1 U.S. Law Enforcement Agency
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- Technology Deployment: The agency will deploy Cognyte's tactical SIGINT solution to support real-time field operations and mission-critical investigations across the state, which not only enhances the application of the company's technology but also lays the groundwork for future market expansion.
- Stock Price Reaction: Following the contract announcement, Cognyte's stock price jumped about 15% to $9.05 per share during pre-market trading on Wednesday, reflecting a positive market response to the company's growth strategy and increased investor confidence.
- Strategic Validation: CEO Elad Sharon stated that this contract win serves as a strong validation of the company's growth strategy in North America, establishing a new Tier-1 customer and creating a pathway for potential expansions as the agency scales its intelligence capabilities.
See More
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- Revenue Growth: The company reported revenue of $106.24 million for Q4, reflecting a 12.4% year-over-year increase, aligning with market expectations and demonstrating stable performance in a growing market.
- Future Outlook: For fiscal year 2027, Cognyte anticipates revenue of $448 million, surpassing the consensus estimate of $442.6 million, with a projected year-over-year growth rate of approximately 12%, highlighting strong growth potential.
- EBITDA Expectations: The adjusted EBITDA is projected to be around $68 million, representing a year-over-year growth of about 40%, showcasing the company's efforts to enhance operational efficiency and profitability.
See More
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- Financial Performance: The revenue figure indicates the company's financial growth and market presence in the software industry.
See More
COGNYTE SOFTWARE Q4 OPERATING INCOME REACHES USD 5.16 MILLION, BELOW IBES ESTIMATE OF USD 9.98 MILLION
- Cognite Software Q4 Operating Income: Cognite Software reported an operating income of USD 5.16 million for the fourth quarter.
- Comparison with IBES Estimate: This figure is significantly lower than the IBES estimate, which was USD 9.98 million.
See More
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- Company Overview: Cognite Software reported a net income of USD 5.118 million for the fourth quarter.
- Financial Performance: The reported net income reflects the company's financial health and performance during the specified quarter.
See More
Cognyte Software Reports Strong Earnings, Shares Surge
- Impressive Earnings: Cognyte Software unveiled its Q4 and full-year 2026 results, reporting revenue exceeding $106 million, a 12% year-over-year increase, which led to a more than 6% surge in stock price, reflecting strong market performance.
- Dramatic Net Income Growth: The company achieved a net income of $7.6 million ($0.10 per share), nearly quadrupling from the previous year and significantly surpassing analyst expectations of $7 million ($0.07 per share), showcasing the resilience of its financial model and differentiated solutions.
- Optimistic Guidance: Cognyte projects revenue for the current fiscal year to be between $435 million and $461 million, with adjusted net income at $0.47 at the midpoint, both figures exceeding analyst estimates, indicating strong confidence in future growth.
- Strong Market Demand: The software aids governments and law enforcement in identifying security risks, a demand expected to rise in the current age of conflict, further solidifying the company's market position and investment appeal.
See More
Cognyte Secures $5M Contract with Tier-1 U.S. Law Enforcement Agency
- New Customer Contract: Cognyte Software has secured a new contract valued at approximately $5 million from a Tier-1 U.S. state law enforcement agency, marking a significant advancement in its North America expansion strategy and expected to enhance its market position in critical mission investigations.
- Technology Deployment: The agency will deploy Cognyte's tactical SIGINT solution to support real-time field operations and mission-critical investigations across the state, which not only enhances the application of the company's technology but also lays the groundwork for future market expansion.
- Stock Price Reaction: Following the contract announcement, Cognyte's stock price jumped about 15% to $9.05 per share during pre-market trading on Wednesday, reflecting a positive market response to the company's growth strategy and increased investor confidence.
- Strategic Validation: CEO Elad Sharon stated that this contract win serves as a strong validation of the company's growth strategy in North America, establishing a new Tier-1 customer and creating a pathway for potential expansions as the agency scales its intelligence capabilities.
See More
Cognyte Software Reports Q4 2026 Earnings with Positive Outlook
- Earnings Highlights: Cognyte Software's Q4 2026 non-GAAP EPS of $0.10 exceeds expectations by $0.06, indicating improved profitability and operational performance.
- Revenue Growth: The company reported revenue of $106.24 million for Q4, reflecting a 12.4% year-over-year increase, aligning with market expectations and demonstrating stable performance in a growing market.
- Future Outlook: For fiscal year 2027, Cognyte anticipates revenue of $448 million, surpassing the consensus estimate of $442.6 million, with a projected year-over-year growth rate of approximately 12%, highlighting strong growth potential.
- EBITDA Expectations: The adjusted EBITDA is projected to be around $68 million, representing a year-over-year growth of about 40%, showcasing the company's efforts to enhance operational efficiency and profitability.
See More
COGNYTE SOFTWARE REPORTS Q4 REVENUE OF USD 106.242 MILLION
- Company Overview: Cognite Software reported a revenue of USD 106.24 million for Q4.
- Financial Performance: The revenue figure indicates the company's financial growth and market presence in the software industry.
See More
COGNYTE SOFTWARE Q4 OPERATING INCOME REACHES USD 5.16 MILLION, BELOW IBES ESTIMATE OF USD 9.98 MILLION
- Cognite Software Q4 Operating Income: Cognite Software reported an operating income of USD 5.16 million for the fourth quarter.
- Comparison with IBES Estimate: This figure is significantly lower than the IBES estimate, which was USD 9.98 million.
See More
COGNYTE SOFTWARE REPORTS Q4 NET INCOME OF USD 5.118 MILLION
- Company Overview: Cognite Software reported a net income of USD 5.118 million for the fourth quarter.
- Financial Performance: The reported net income reflects the company's financial health and performance during the specified quarter.
See More
