NEW YORK, March 21, 2023 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer, LLP reminds investors that on behalf of investors from Cognyte Software Ltd. (“Cognyte” or the “Company”) a complaint has been made CGNT between February 2, 2021 and June 28, 2022 inclusive (the “Collection Period”).

If you purchased Cognyte common stock during the Class Period and would like to discuss this case, please contact us Click here. Or you can contact us by email pmayer@kaplanfox.com or call (646) 315-9003.

If you are a member of the proposed class, you can move the court by May 1, 2023 at the latest to serve as lead plaintiff for the alleged class. If you have losses, we encourage you to contact us to learn more about the Lead Plaintiff Proceedings.

According to the complaint, Meta, the parent company of Facebook and Instagram, published on 16 “hire industry”, revealing for the first time that Cognyte regularly, without her knowledge, instigated journalists, dissidents, critics of authoritarian regimes, opposition families and human rights activists around the world This behavior “violates several community standards and terms of service” and “given the seriousness of their violations” has blocked Meta Cognyte from using its platforms.As a result of the news, Cognyte’s common stock fell 5.11% and closed at $18 per share on December 17, 2021 before falling another 5.5% the next trading day.

Then, on April 5, 2022, according to the complaint, Cognyte released its 2021 annual report, which indicated that the company was forced to change its solutions in response to the threat report. On the same day, Cognyte released its financial results for the fourth quarter of 2021 and reportedly missed analyst consensus estimates for non-GAAP earnings per share and revenue by a wide margin. As a result of this news, Cognyte’s share price plummeted over 31% on unusually high trading volume,…