Why Cognyte Software Blasted Almost 8% Higher Today

Why Cognyte Software Blasted Almost 8% Higher Today

One that published its latest quarterly figures on Wednesday was investigative analytics software specialist Cognyte Software (NASDAQ: CGNT). The company beat convincingly on the bottom line, and investors rewarded it handsomely for the win, sending its stock 7.5% higher on the day. In its earnings release, Cognyte said that the global economic slowdown was affecting its near-term performance.