Investigation announced for Investors inNASDAQ: CGNT shares over potential Wrongdoing at Cognyte Software Ltd.

An investigation was announced over potential breaches of fiduciary duties by certain directors at Cognyte Software Ltd.

Investors who purchased shares of Cognyte Software Ltd. (NASDAQ: CGNT) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Cognyte Software directors breached their fiduciary duties and caused damage to the company and its shareholders.

Israel based Cognyte Software Ltd. provides an investigative analytics software to governments and enterprises worldwide. Cognyte Software Ltd. reported that its Total Revenue rose from $443.45 million for the 12 months period that ended on January 31, 2021, to $474.04 million for the 12 months period that ended on January 31, 2022, and that its Net Income of $14.2 million for the 12 months period that ended on January 31, 2021, declined to a Net Loss of $14.89 million for the 12 months period that ended on January 31, 2022.
On April 5, 2022, Cognyte Software Ltd. reported its fourth quarter 2021 financial results, including revenue of $125 million, which was about $3.5 million below the midpoint of the Company's own guidance. Cognyte cited "lower conversions within its product pipeline," along with supply chain issues. During the related conference call, Cognyte's Chief Executive Officer stated that "a longer sales cycle [resulted] in the lower-than-expected bookings in Q4" and acknowledged that management "didn't execute well."

Shares of Cognyte Software Ltd. (NASDAQ: CGNT) declined from $12.82 per share on March 23, 2022, to as low as $5.98 per share on May 11, 2022.

Those who purchased shares of Cognyte Software Ltd. (NASDAQ: CGNT) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.