NEW YORK, June 28, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Cognyte Software Ltd. ("Cognyte" or the "Company") (NASDAQ: CGNT).  Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Cognyte and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action] 

On June 28, 2022, Cognyte issued a press release announcing its financial results for the Company's first fiscal quarter of 2022.  Among other items, Cognyte reported revenue of $86.7 million, missing consensus estimates by $25.9 million. Cognyte said that its results were "impacted by slow pipeline conversion and supply chain" and said that the Company was "unable to give guidance" at that time. 

On this news, Cognyte's stock price fell $1.84 per share, or 29.66% percent, to close at $4.58 on June 28, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980

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SOURCE Pomerantz LLP