Cognyte Software (NASDAQ:CGNT) shares rose 8.63% in premarket trading on Wednesday after the security analytics software company released its second-quarter fiscal 2027 financial results.
The results cover the quarter ended July 31, 2026. Cognyte was also scheduled to hold an earnings conference call at 8:30 a.m. ET.
The company had previously announced on September 1 that its second-quarter results would be released before the market opened.
Cognyte shares traded as high as $8.94 in premarket trading, compared with their previous close of $8.23.
Cognyte entered Q2 following fiscal 2026 revenue growth
For the full fiscal year ended in 2026, Cognyte reported revenue of $400 million, representing an increase of 14.1% year over year.
Adjusted EBITDA increased 65.7%, while GAAP operating income was $13.3 million, compared with an operating loss in the previous fiscal year.
Ahead of the second-quarter release, analyst estimates cited in the source had been revised higher in recent months. The consensus price target was $13.50.
Recent contracts include APAC and EMEA agreements
Cognyte had also announced several contracts in the weeks preceding its second-quarter results.
These included an approximately $15 million expansion involving a military intelligence customer in the Asia-Pacific region and an approximately $5 million renewal with a national security customer in Europe, the Middle East and Africa.
The supplied market data indicated no significant macroeconomic release or central bank event affecting the security analytics software sector during Wednesday’s premarket session.
Cognyte Software stock price
