Varonis Systems, Inc. (VRNS) Social Stream
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$CGNT Cognyte’s recurring revenue has grown from 38% of overall revenue in fY 2019 to 50% in fY 2021.harryxib, published August 4, 2021
Analyst Louie DiPalma said, “Digital intelligence is the intersection of cybersecurity, data analytics, & public safety. CGNT’s software assists law enforcement, intelligence officials, & enterprise security operations centers in cyber-threat risk assessments & incident response. Its software is used by more than 400 govt customers & over 600 enterprises. With the proliferation of ransomware cyber incidents & the explosion in digital data, we expect CGNT to benefit from elevated demand for software tools to analyze unstructured data from a wide variety of endpoints. CGNT recently announced it will soon launch subscription software to investigate illicit cryptocurrency transactions.
Needham analyst Mike Cikos sees double-digit growth in Cognyte’s adjusted EBITDA growth over the next few years, reflecting an acceleration in revenue and gross margin expansion. $PLTR $NET $TENB $VRNS