Roth Capital initiated coverage of Cognyte (CGNT) with a Buy rating and $14 price target The company is a leader in intelligence analytics, helping law enforcement and intelligence agencies analyze large volumes of data, the analyst tells investors in a research note. The firm says Cognyte’s growth is accelerating with margins moving higher. Almost half of Cognyte’s revenue is recurring, which creates good revenue visibility, adds Roth.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CGNT:
- Cognyte announces one-year support agreement valued at over $20M
- Cautious Optimism: Hold Rating on Cognyte Software Amid Strong Financial Performance and Strategic Ambitions
- Cognyte Software Ltd. Reports Strong Q2 Growth
- Cognyte Software Achieves Strong Q2 Growth and Raises Fiscal Outlook
- Cognyte sees FY26 EPS 23c, consensus 19c