Cognyte board authorizes new $20M share repurchase program

Cognyte (CGNT) Software announced that its board of directors has approved a new share repurchase program. The company completed the repurchase program previously authorized by the board and repurchased a total of 2,094,538 ordinary shares for an aggregate purchase price of $20M. The new program announced today authorizes the buyback of up to an additional $20M in ordinary shares over the next 18 months through January 14, 2027, as part of the company’s capital allocation strategy. The board and management remain committed to delivering value to shareholders and are confident in the company’s growth prospects and ability to generate cash.