Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Cognyte Software Stock Is Plummeting Today

TheMotleyFool

0 0

Why Cognyte Software Stock Is Plummeting Today: https://g.foolcdn.com/editorial/images/872961/gettyimages-1405612460.jpg

Cognyte Software (NASDAQ: CGNT) stock is getting hit with a big pullback on the heels of the company's latest quarterly release. The artificial intelligence (AI) company's share price was down 20.1% as of 11:55 a.m. ET.

Before today's market open, Cognyte published results for the first quarter of its 2027 fiscal year -- which ended April 30. While the company posted sales that topped Wall Street's expectations, earnings per share came in below the average forecast.

Image source: Getty Images.

Source Fool.com

Like: 0

CGNT

Share