ACCESS Newswire
04 Aug 2022, 01:07 GMT+10
LOS ANGELES, CA / ACCESSWIRE / August 3, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors ofCognyte Software Ltd. ('Cognyte' or 'the Company') (NASDAQ:CGNT) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Cognyte reported its fourth quarter 2021 financial results on April 5, 2022, missing analysts' estimates for the quarter. The Company significantly estimates for both sales and non-GAAP earnings per share, as well as missing the midpoint of its own guidance range by several million dollars. According to the Company, its weak results were due to supply chain problems and 'lower conversions within its product pipeline.' Based on this news, shares of Cognyte dropped by more than 31% on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE: The Schall Law Firm
Get a daily dose of Tennessee Daily news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Tennessee Daily.
More InformationKANANASKIS, Alberta: With key tariff deadlines approaching, British Prime Minister Keir Starmer said this week that finalizing the...
PARIS, France: The Paris Airshow kicked off on June 16, attracting attention with expected aircraft orders, but overshadowed by the...
NEW YORK, New York - U.S. stocks were largely range-bound Wednesday after the Federal Reserve decided to maintain the target range...
WASHINGTON, D.C.: The Trump administration is weighing a major expansion of its travel restrictions, with a new internal memo revealing...
ARLINGTON COUNTY, Virginia: As global air travel continues its recovery from the pandemic, Boeing has released a tempered 20-year outlook...
NEW YORK, New York - U.,S. stocks closed lower Tuesday as President Donald Trump hinted the United States may join Israel in its attacks...
DUBAI, U.A.E.: As violence escalates between Iran and Israel, Tehran is turning to its Gulf neighbors to help broker a ceasefire —...
KANANASKIS, Alberta: With key tariff deadlines approaching, British Prime Minister Keir Starmer said this week that finalizing the...
WASHINGTON, D.C.: The Trump administration is weighing a major expansion of its travel restrictions, with a new internal memo revealing...
ARLINGTON COUNTY, Virginia: As global air travel continues its recovery from the pandemic, Boeing has released a tempered 20-year outlook...
BANFF, Alberta: The recent G7 summit has convened for the second and final day in the picturesque Canadian Rockies amidst escalating...
JOHANNESBURG, South Africa: A key global plan to end AIDS as a public health threat by 2030 is now in deeper jeopardy after the United...