CGNT

Fireside Chat Announcement: Cognyte Software Ltd. will host a fireside chat featuring CEO Elad Sharon and CFO David Abadi at the 20th Annual Needham Technology & Media Conference on May 12, 2025, with a live webcast available on their website.

Company Overview: Cognyte is a leader in software-driven technology for investigative analytics, providing solutions that empower law enforcement and intelligence agencies to generate actionable intelligence using AI and big data analytics for improved decision-making and risk mitigation.

Cybercrime Trends: The 2025 LUMINAR Threat Landscape Report reveals a significant increase in cybercrime, with hacktivist groups entering the ransomware space and a 28% rise in stolen access credentials on the dark web. Financially motivated cybercriminals accounted for 49% of attacks, while state-sponsored actors made up 36%.

Vulnerabilities and Ransomware: The report highlights the disclosure of over 40,000 new vulnerabilities in 2024 and an increase in ransomware victims, despite a 35% drop in ransomware payments globally. AI is noted as both a tool for combating threats and a potential weapon for attackers.

Financial Performance: Cognyte Software reported a 12.9% increase in quarterly revenue to $94.5 million and a 140% rise in adjusted EBITDA for Q4 of fiscal year 2025, with positive guidance for fiscal year 2026 projecting a revenue increase to $392 million and a 45% growth in adjusted EBITDA.

Analyst Response: Following the strong financial results, analysts have raised their price target for Cognyte from $7.50 to $10.00, reflecting an optimistic outlook despite the company's overall rating being a Hold based on recent recommendations.