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Cognyte's share performance since going public in 2021 has been underwhelming, losing over 77% of its value.
The company saw a decline in business in 2023 and faced challenges due to reduced funding and shifting spending priorities from clients.
Cognyte has made strategic moves to invest further in R&D and the North American market, but it may take time to recover and demonstrate consistent growth.
A spin-off from Verint Systems, Cognyte ( CGNT ) is a company providing investigative analytics software for governments and global enterprises....