Cognyte Software: Needham reiterates Hold rating from prior Hold.

Cognyte Software: Needham reiterates Hold rating from prior Hold.

Needham & Company LLC has restated its rating on Cognyte Software Ltd. (NASDAQ: CGNT) as "Hold," following its previous assessment. This decision comes as the company recently secured a significant contract with a Tier 1 military organization in the EMEA region, valued at approximately $10 million [2].

The contract, won following a rigorous technical evaluation, highlights Cognyte's capabilities in providing tactical SIGINT solutions that deliver greater capability and flexibility for specialized operations. The military organization cited Cognyte's ability to provide significant operational insights and support mission-critical decision-making in real-time as a key differentiator [2].

Cognyte's solutions are designed to empower frontline military teams with analytical capabilities that enhance mission readiness and support secure decision-making in both overt and covert scenarios. The deal represents a strategic foothold with a customer whose scale and evolving needs align with Cognyte’s long-term vision [2].

Despite the positive development, Needham & Company LLC maintains its neutral stance on Cognyte's stock, reflecting the company's assessment of the market conditions and the potential risks associated with the stock. The rating is based on the company's recent earnings report, which showed a negative net margin and a negative return on equity [3].

Institutional investors have shown mixed interest in Cognyte's stock. While some have increased their stakes, others, like ARK Investment Management LLC, have reduced their holdings. ARK Investment Management LLC sold 63,643 shares, reducing its stake by 24.4% [3].

Cognyte Software's stock has been trading in a range, with a 1-year low of $6.21 and a 1-year high of $11.65. The company has a market capitalization of $670.16 million, a P/E ratio of -84.55, and a beta of 1.65 [3].

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_FWN3TK1H8:0-cognyte-software-wins-about-10-million-deal-with-tier-1-military-organization-in-emea/
[2] https://www.marketscreener.com/news/cognyte-wins-10m-deal-with-tier-1-military-organization-in-emea-following-competitive-evaluation-ce7c5cd2da8df526
[3] https://www.marketbeat.com/instant-alerts/filing-ark-investment-management-llc-sells-63643-shares-of-cognyte-software-ltd-nasdaqcgnt-2025-07-27/