Cognyte Software Ltd. (NASDAQ:CGNT) shares rose over 7% in premarket trading Wednesday after the company reported fourth-quarter results that came in ahead of market expectations and issued an optimistic forecast.
For the quarter, Cognyte posted adjusted earnings per share of $0.10, exceeding analyst estimates by $0.07. Revenue reached $106.2 million, also beating the consensus forecast of $103.74 million.
Quarterly revenue increased 12.4% year over year, supported by robust demand for the company’s investigative analytics software platforms.
Looking ahead, Cognyte issued fiscal 2027 guidance that surpassed analyst projections. The company expects revenue of about $448 million, with a possible variation of plus or minus 3%, implying roughly 12% year-over-year growth at the midpoint. This midpoint estimate is above the analyst consensus of $442 million.
For fiscal 2027, Cognyte forecasts adjusted earnings per share of $0.47 at the midpoint of its revenue range, ahead of the consensus estimate of $0.37. The company also expects adjusted EBITDA of roughly $68 million at the midpoint, representing around 40% year-over-year growth.
“We translated that mission into strong growth, higher margins and improved profitability,” said Elad Sharon, chief executive officer. “As global threats become more complex and dynamic, the need for trusted, mission-critical intelligence is increasing.”
For the full fiscal year 2026, Cognyte reported revenue of $400 million, marking a 14.1% increase from the previous year. Adjusted EBITDA rose 66% to $48.2 million, while adjusted operating income more than doubled to $36.7 million compared with $15.7 million a year earlier.
Software revenue in the fourth quarter climbed 22.6% year over year to $45.9 million. Total software revenue, including software-related services, increased 14.2% to $95.2 million.
The company finished the quarter with $116.9 million in cash and no outstanding debt. During the period, Cognyte also repurchased about 592,000 shares for $5.5 million.