11 Best Performing Cybersecurity Stocks So Far in 2025

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6. Cognyte Software Ltd. (NASDAQ:CGNT)

Year-to-Date performance as of April 25: 14.34%

Number of Hedge Fund Holders: 20

Cognyte Software Ltd. (NASDAQ:CGNT) is a cybersecurity data analytics company that provides a range of services, including an analytics platform, network and operational intelligence analytics, and open source and threat intelligence analytics.

On April 3, Evercore ISI analyst Kirk Materne raised his price target for Cognyte Software Ltd. (NASDAQ:CGNT) to $10 from $7.50 while keeping an In-Line rating. The revision followed Cognyte’s announcement of better-than-expected fourth-quarter earnings and an initial fiscal year 2026 projection that surpassed expectations. The company’s management is optimistic about the demand environment, noting better visibility and predictability in its business strategy. The company hasn’t seen a decrease in demand due to the present macroeconomic conditions, citing a growing demand for technology to assist intelligence and law enforcement agencies.

The company’s recent earnings call noted a strong rise in net new client additions for fiscal year 2025, with the number doubling year-over-year to 60 new customers. Cognyte Software Ltd. (NASDAQ:CGNT) also signed a $10 million agreement alongside a number of other seven-figure contracts. However, the total remaining performance obligations (RPO) of $545 million was down around 7% year-over-year, owing mostly to the timing of renewals.

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