Cognyte Software Shares Rise Following Q2 Results Release
Cognyte Software (NASDAQ:CGNT) shares rose by 8.63% in premarket trading after the company released its second-quarter fiscal 2027 financial results on September 9, 2026. The stock reached a high of $8.94 compared to its previous close at $8.23. The firm had previously announced that it would release Q2 results before market open and was scheduled for an earnings call later the same day. Cognyte reported strong performance in fiscal 2026, with revenue reaching $400 million—a year-over-year increase of 14.1%. Adjusted EBITDA rose by 65.7%, while GAAP operating income reached $13.3 million compared to an operating loss the prior year. In preparation for Q2 results, analyst price targets had been raised in recent months with a consensus target at $13.50. Cognyte also secured notable contracts ahead of its earnings release, including a $15 million expansion deal with a military intelligence customer and a $5 million renewal contract from a national security client.
