Why Cognyte Software Shares Are Soaring in Premarket Trading

Cognyte Software saw shares gain 8.63% in pre-market trading after publishing its fiscal 2027 second-quarter results before the opening bell. The quarter ended July 31, 2026, and the company has scheduled an earnings call for 8:30 a.m. ET.

The pre-market release had been formally set for September 1, 2026, and investor anticipation was elevated given the company's recent performance. For fiscal year 2026, Cognyte generated $400 million in revenue, up 14.1% year over year, while adjusted EBITDA climbed 65.7%. The company also swung to a positive GAAP operating income of $13.3 million, reversing a prior-year loss.

Ahead of the earnings print, analysts were constructive on the stock, carrying a consensus Strong Buy rating and a price target of $13.50, roughly 64% above the previous close. In recent months, earnings estimates had been revised upward as well.

The company had also strengthened its near-term demand outlook with several contract wins. These included a roughly $15 million expansion from an APAC military intelligence client and an approximately $5 million renewal with an EMEA national security customer, both announced in the weeks leading up to the report, highlighting a loyal and expanding customer base.

No significant macroeconomic data releases or central bank events were visible as catalysts in the security analytics software space on this particular morning.

Together, the ingredients supported a sharp pre-open rally: an earnings release expected to show sustained double-digit revenue growth and improving profitability, combined with rising analyst optimism, recent contract wins, and a stock trading well below consensus targets. Cognyte's shares traded as high as $8.94, far above the prior close of $8.23.

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