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Why Cognyte Software Stock Crushed it Today

TheMotleyFool

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Why Cognyte Software Stock Crushed it Today: https://g.foolcdn.com/editorial/images/862415/young-person-at-a-desk-using-a-pc-and-tablet-computer-simultaneously.jpg

Cognyte Software (NASDAQ: CGNT) was a lively stock on the exchange on Wednesday, and for the right reasons. The Israel-based "investigative analytics" specialist published quarterly and annual results that investors obviously found impressive. As a result, the company's shares closed the day more than 6% higher.

Well before market open, Cognyte took the wraps off its fourth-quarter and full-year 2026 results. For the quarter, revenue was slightly over $106 million, up 12% year over year. The bottom-line improvement was far more dramatic, with net income not under generally accepted accounting principles (GAAP) almost quadrupling to $7.6 million ($0.10 per share).

Image source: Getty Images.

Source Fool.com