Cognyte Software Ltd. (CGNT) Bundle
A Brief History of Cognyte Software Ltd. (CGNT)
Foundation and Early Years
Foundation and Early Years
Cognyte Software Ltd. was established in 2020 as a spinoff from Verint Systems. The company focuses on intelligence solutions for security and commercial sectors.
Initial Public Offering (IPO)
Cognyte went public on January 28, 2021, trading on the NASDAQ under the ticker symbol CGNT. The IPO raised approximately $150 million, with shares priced at $15 each.
Financial Performance
| Year | Revenue (in $ millions) | Net Income (in $ millions) | EPS (Earnings Per Share) |
|---|---|---|---|
| 2021 | 148.5 | -12.3 | -0.32 |
| 2022 | 161.2 | -11.5 | -0.29 |
| 2023 (Q1) | 40.0 | -3.0 | -0.07 |
Market Position and Offerings
Cognyte has positioned itself as a leader in the analytics sector, offering products that utilize machine learning and artificial intelligence to provide insights into complex data sets.
Recent Developments
- In 2022, Cognyte expanded its product portfolio with the introduction of new analytic tools, aimed at enhancing the capabilities of law enforcement and intelligence agencies.
- The company has reported a client base of over 300 organizations globally.
- As of September 2023, Cognyte's workforce has grown to approximately 1,200 employees.
Stock Performance
As of October 2023, Cognyte's stock price is approximately $8.75, indicating significant volatility since the IPO.
Future Outlook
Analysts project a compound annual growth rate (CAGR) of 10% for the intelligence software market over the next five years, positioning Cognyte favorably for growth.
A Who Owns Cognyte Software Ltd. (CGNT)
Ownership Structure
Cognyte Software Ltd. (CGNT), a publicly traded company, has a diversified ownership structure comprising institutional investors, retail investors, and insider ownership.
Major Shareholders
The following table illustrates the major shareholders of Cognyte Software Ltd. as of the latest available data:
| Shareholder | Ownership Percentage | Type of Ownership |
|---|---|---|
| BlackRock, Inc. | 8.6% | Institutional Investor |
| The Vanguard Group, Inc. | 7.5% | Institutional Investor |
| FMR LLC | 5.9% | Institutional Investor |
| JPMorgan Chase & Co. | 4.3% | Institutional Investor |
| Renaissance Technologies LLC | 3.7% | Institutional Investor |
| Insider Ownership (Directors & Executives) | 6.1% | Insider |
| Retail Investors | 64.9% | Individuals |
Market Capitalization
As of September 2023, the market capitalization of Cognyte Software Ltd. is approximately $350 million.
Recent Stock Performance
The stock price has demonstrated notable fluctuations over the past year. The following table summarizes key stock performance metrics:
| Metric | Value |
|---|---|
| 52-Week High | $15.30 |
| 52-Week Low | $5.90 |
| Current Price (as of September 2023) | $10.50 |
| Year-to-Date Performance | +24% |
Financial Overview
For the fiscal year ended January 31, 2023, Cognyte Software Ltd. reported the following financial metrics:
| Financial Metric | Amount (in millions) |
|---|---|
| Total Revenue | $150.4 |
| Net Income | $10.2 |
| Total Assets | $250.1 |
| Total Liabilities | $80.3 |
| Shareholder Equity | $169.8 |
Conclusion on Ownership Dynamics
The ownership structure of Cognyte Software Ltd. reflects a balanced mix of institutional, insider, and retail investors, showcasing a dynamic investment landscape.
Cognyte Software Ltd. (CGNT) Mission Statement
Corporate Vision
The mission of Cognyte Software Ltd. is to enable organizations and governments to make better decisions, through superior data analysis and intelligence. With a focus on providing innovative software solutions, Cognyte aims to transform vast amounts of data into actionable insights.
Core Values
- Integrity: Conducting business in an honest and ethical manner.
- Innovation: Commitment to continuous improvement and cutting-edge technology.
- Customer Focus: Prioritizing customer needs and satisfaction.
- Collaboration: Fostering teamwork and partnerships for success.
- Excellence: Striving for the highest quality in all products and services.
Strategic Objectives
Cognyte Software Ltd. focuses on several strategic objectives to achieve its mission:
- Enhancing data analytics capabilities to empower users.
- Expanding market presence globally, targeting government and enterprise sectors.
- Investing in research and development to drive technological advancements.
- Building robust partnerships with other software and data solution providers.
Financial Overview
As of the latest financial reports, Cognyte Software Ltd. has the following key financial indicators:
| Financial Metric | Amount (2023) |
|---|---|
| Revenue | $158 million |
| Net Income | $12 million |
| Total Assets | $200 million |
| Total Liabilities | $75 million |
| Market Capitalization | $600 million |
Market Position
Cognyte Software Ltd. competes in the data analytics and intelligence sector with a market share estimated at approximately 2.5% within its niche. Key competitors include:
- Palantir Technologies
- IBM
- Tableau (Salesforce)
- Splunk
- MicroStrategy
Innovation and Technology
The company invests about 15% of its annual revenue into research and development to ensure its products remain at the forefront of technology.
Customer Segmentation
Cognyte Software Ltd. serves a diverse customer base organized into several segments:
| Customer Segment | Percentage of Revenue |
|---|---|
| Government Agencies | 40% |
| Financial Institutions | 30% |
| Healthcare Organizations | 15% |
| Retail and E-commerce | 10% |
| Others | 5% |
Global Reach
Cognyte operates in over 25 countries worldwide, with key markets in:
- North America
- Europe
- Asia-Pacific
- Latin America
How Cognyte Software Ltd. (CGNT) Works
Company Overview
Cognyte Software Ltd. (CGNT), headquartered in Hod Hasharon, Israel, specializes in analytics software for the security and intelligence sectors. The company was spun off from the cybersecurity firm Verint Systems in 2021. As of September 2023, Cognyte's market capitalization is approximately $400 million.
Business Model
The core business model of Cognyte revolves around providing analytics software that enables organizations to transform data into actionable insights. The software is designed for government agencies, law enforcement, and private sector clients involved in security, investigation, and intelligence operations. The key products include:
- Investigative analytics
- Data visualization tools
- Real-time monitoring systems
- Threat intelligence platforms
Revenue Sources
The revenue streams for Cognyte are derived from various sources, notably:
- Software licenses
- Subscription-based services
- Consulting and support services
In the fiscal year ending January 2023, Cognyte reported total revenue of $112 million, with a recurring revenue component constituting approximately 53% of total revenue.
Financial Performance
Key financial metrics from the latest quarterly report (Q2 2023) include:
| Metric | Value |
|---|---|
| Revenue | $30 million |
| Gross Profit | $23 million |
| Operating Income | ($5 million) |
| Net Income | ($6 million) |
| Earnings Per Share (EPS) | ($0.14) |
Market Position
Cognyte operates in a competitive landscape with various key players in the analytics and cybersecurity sectors. The company maintains a unique position by focusing specifically on intelligence-led operations. Its key competitors include:
- Palantir Technologies
- IBM
- Raytheon Technologies
- Axon Enterprises
Recent Developments
In the first half of 2023, Cognyte announced partnerships with several government agencies, enhancing its presence in the North American market. The company is also focusing on product innovation, aiming to release a new version of its analytics platform by the end of 2023.
Investment and Valuation
As of August 2023, the stock price of Cognyte Software Ltd. is approximately $6.50 per share. Analysts estimate the company's target price to be around $8.00, reflecting a potential upside based on projected growth in the market. The price-to-earnings (P/E) ratio is currently at N/A due to negative earnings in the past year.
Employee Structure
Cognyte employs approximately 600 staff across various functions such as software development, sales, marketing, and customer support, with a significant portion of the workforce being engineers and data scientists.
Outlook
The overall outlook for Cognyte Software Ltd. remains cautiously optimistic, as the demand for data analytics in security and intelligence is expected to grow. The shifting landscape of cybersecurity threats is anticipated to drive further investments in technology solutions, positioning Cognyte favorably in the industry.
How Cognyte Software Ltd. (CGNT) Makes Money
Business Model Overview
Cognyte Software Ltd. operates primarily in the field of security analytics and provides solutions that cater to government and enterprise clients. The company generates revenue through the sale of software licenses and subscription services, alongside professional services for implementation and training.
Revenue Streams
- Software Licenses: Direct sales of software products.
- Subscriptions: Ongoing revenue from subscription-based models.
- Professional Services: Consulting, training, and implementation services.
- Maintenance and Support: Revenue from ongoing software support and maintenance contracts.
Financial Performance
For the fiscal year 2022, Cognyte reported the following financial figures:
| Year | Revenue (in USD millions) | Net Income (in USD millions) | Gross Profit Margin (%) |
|---|---|---|---|
| 2022 | 167 | 5 | 72% |
| 2021 | 182 | 3 | 74% |
Key Clients and Markets
Cognyte serves various sectors, including:
- Government Agencies: Law enforcement, intelligence communities.
- Enterprises: Corporations needing security analytics.
- Public Safety: Organizations focused on monitoring and response.
Geographic Distribution of Revenue
| Region | Revenue Contribution (%) |
|---|---|
| North America | 55% |
| Europe | 30% |
| Rest of the World | 15% |
Recent Developments
Cognyte has been focusing on expanding its product offerings with the introduction of new analytics capabilities and enhancing its cloud services. In the first half of 2023, the company launched:
- Enhanced AI Features: Improved predictive analytics tools.
- Cloud-based Solutions: Expanded subscription models for cloud deployments.
- Partnerships: Collaborations with cybersecurity firms to enhance product integration.
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