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Cognyte Software (NASDAQ:CGNT) reported quarterly earnings of $0.15 per share which beat the analyst consensus estimate of $0.09 by 66.67 percent. This is a 87.5 percent increase over earnings of $0.08 per share from
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U.S. futures were mixed. Standard Motor Products fell 3.2% after naming an interim CFO, while several other stocks declined in premarket trading.
Zacks highlights three stocks with recent broker rating upgrades despite Fed rate hikes and macroeconomic headwinds: Vince Holding Corp. (VNCE) with expected 172.7% earnings growth, Cognyte Software Ltd. (CGNT) with projected 67.9% earnings growth, and Magnolia Oil & Gas (MGY) with anticipated 64.3% earnings growth. All three stocks hold Zacks Rank #1 ratings.