CGNT News & Events

Stock futures are mostly flat this morning as traders brace for the outcome of the Federal Reserve's upcoming rate decision. Sentiment remains cautious after recent volatility in global bonds and a sharp yield spike. Many investors have parked money in safer, liquid assets as money-market funds saw a significant inflow.At the same time, there are pockets of optimism. Shares of Nvidia are on the rise as markets cheered news that its H200 AI chips got approval for exports to China, helping fuel modest gains in chip and semiconductor peers as well.With the Fed meeting just ahead, many traders seem to be in "wait-and-see" mode. Volatility could emerge sharply depending on the tone of the decision and forward guidance.In pre-market trading, S&P 500 futures fell 0.04%, Nasdaq futures fell 0.14% and Dow futures fell 0.03%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -CVS Healthup 3% after raising its FY25 outlook and initiating FY26 guidance ahead of its investor dayNvidiaup 1% after President Trump said on social media that the U.S. will allow the company to ship its H200 artificial intelligence chips to "approved customers" in China and elsewhereUP AFTER EARNINGS -Designer Brandsup 14%Cognyteup 7%Core & Mainup 6%DOWN AFTER EARNINGS -Ollie's Bargain Outletdown 5%Fergusondown 2%AutoZonedown 2%LOWER -GeoParkdown 12% after Parex Resourcesannounced that it has halted discussions with the company regarding the acquisition of GeoPark by ParexSLMdown 12% after presenting an updated medium-term outlook at its investor forumHome Depotdown 2% after reaffirming its FY25 guidance and providing a FY26 outlook ahead of its investor conference

Raises FY26 revenue view to $400M +/- 1% from $397M +/- 2%, consensus $396.37M. Raises FY26 adjusted EBITDA view to $47M from $45M. "We continued executing well, delivering another quarter of strong results, and are pleased to raise our full-year outlook," said David Abadi, Cognyte's chief financial officer. "We have a track record of consistently delivering revenue growth, margin expansion and strong cash generation. Market demand and our strong execution position us to further deliver sustained, profitable growth and long-term shareholder value."

Reports Q3 revenue $100.74M, consensus $99.58M. "Our strong performance reflects our leadership in AI-driven investigative analytics," said Elad Sharon, Cognyte's chief executive officer. "Our relentless innovation is rooted in the real operational needs of today and tomorrow. As operating environments become more high-stakes, customers turn to us to help them solve complex, multi-dimensional challenges with mission-proven actionable intelligence."

Cognyte announced a new multi-unit win, valued at approximately $5M, with a law enforcement agency in the Europe/Middle East/Africa region. The engagement marks a new logo for Cognyte and includes contracts with four agency units, including federal and local departments, expanding Cognyte's footprint across the EMEA region.