Key Highlights

● Liberty Capital Corporation, the renamed GCI Liberty, completed a roughly $310 million Quintillion fibre Acquisition and flagged a new annual Dividend beginning in the fourth quarter of 2026, per aggregator data.

● Cognyte Software reported second-quarter fiscal 2027 Revenue of $109.2 million, up 12% year over year, with adjusted EBITDA up about 36% to $14.9 million, and guided full-year revenue to about $448 million.

● Gen Digital crossed $5 billion in fiscal 2026 revenue for the first time, up 27%, and later raised full-year fiscal 2027 guidance to revenue of $5.475 billion and non-GAAP EPS of $2.97.

● Kaltura reported second-quarter 2026 total revenue of $46.9 million, up 5%, with annualised Recurring Revenue of $184.6 million and a record 14 new deals including AI offerings.

A telecom holding company, a digital-media publisher, a security-analytics vendor, a consumer-cybersecurity giant and a video-software specialist show just how broadly "technology" now stretches across the Nasdaq, and why labels matter when investors put money behind them.

Five Very Different Tickers Under One Nasdaq Roof

Grouping five stocks under an AI-and-software banner is easy to do and easy to get wrong. Two of the names below do not really belong in that bucket at all.

As of the research date, all five trade on the Nasdaq: Liberty Capital Corporation (NASDAQ: GLIBA), People Incorporated (NASDAQ: PPLI), Cognyte Software (NASDAQ: CGNT), Gen Digital (NASDAQ: GEN) and Kaltura (NASDAQ: KLTR). Yet they span Alaskan telecom infrastructure, celebrity-and-lifestyle publishing, government investigative analytics, consumer cyber safety and enterprise video. Only three are genuine software or AI-services businesses; the other two are worth watching for entirely different reasons. Here is what the record actually says, and what remains speculative.

A Market Where the Tech Label Is Doing a Lot of Work

September 2026 finds the Nasdaq near the top of a long AI-driven advance, and also unusually sensitive to what the Federal Reserve signals at its September policy meeting. Recent sessions have swung on macro data: a strong jobs report briefly revived worries about tighter policy, while other readings kept rate-cut hopes alive. That tug-of-war matters for software valuations, which lean on long-dated cash flows and compress fastest when rates back up.

Against that backdrop, AI, software and technology services has become an elastic phrase. It is applied to firms building models, to firms merely deploying them, and sometimes to holding companies whose main asset is fibre in the ground. The five tickers here are a useful reminder to read past the label, because their catalysts, risks and cash flows have almost nothing in common.

Liberty Capital Corporation (NASDAQ:GLIBA): An Alaskan Telecom Holding, Not a Software Play

Start with the biggest mislabel. Liberty Capital Corporation is the former GCI Liberty. Liberty Broadband completed the spin-off of GCI Liberty on 14 July 2025, and the company completed its name change to Liberty Capital Corporation effective at the close of Business on 21 May 2026, retaining its existing pair of Nasdaq tickers, per company and market-data releases.

Its core asset is GCI, described as Alaska's largest communications provider, delivering data, wireless, video, voice and managed services to more than 200 communities. This is a telecom and holding-company story, not artificial intelligence.

According to aggregator data, the company completed the roughly $310 million Quintillion fibre acquisition and flagged a new annual dividend beginning in the fourth quarter of 2026, with the stock trading near $26 and a Market Capitalisation around $1.04 billion in September 2026. Treat those figures as directional until confirmed in filings.

What to watch: Alaska fibre economics, the promised dividend, and whether Liberty Capital's classic holding-company discount narrows. Artificial intelligence is not the thesis here.

People Incorporated (NASDAQ:PPLI): The Company Formerly Known as IAC

The second correction is just as important. People Incorporated is the renamed IAC. IAC adopted the new name and a new Nasdaq ticker at market open on 4 June 2026, following an announcement on 28 April 2026. No Shareholder action was required.

The company owns People Inc., positioned as America's largest publisher, with more than 40 brands including PEOPLE, Food & Wine, Travel + Leisure, InStyle, Better Homes & Gardens and Southern Living, reaching roughly 175 million consumers monthly. It also holds a significant minority stake in MGM Resorts International.

So PPLI is a digital-media and publishing holding, with an AI angle only insofar as generative tools reshape how publishers create, distribute and monetise content. Per aggregator data, the stock carried a Market Value near $2.8 billion in early September 2026 and reported a fiscal-2025 net loss. The watch list here is programmatic advertising, AI search referral traffic, and the value of that MGM position, not a software profit-and-loss statement.

Cognyte Software (NASDAQ:CGNT): Investigative Analytics With an AI Story

Now the genuine software names. Cognyte Software describes itself as a global leader in AI-powered investigative analytics, selling to law enforcement, national security and military agencies that must turn messy data into leads.

In results released in September 2026 for its second quarter of fiscal 2027 (the quarter ended 31 July 2026; Cognyte's fiscal year ends 31 January), revenue rose 12% year over year to $109.2 million, software revenue climbed about 21% to $100.8 million, and recurring revenue grew roughly 18% to $56.2 million. GAAP Net Income was $4.1 million and adjusted EBITDA rose about 36% to $14.9 million, with non-GAAP diluted EPS of $0.15.

For the full fiscal year, Cognyte guided to revenue of about $448 million, plus or minus 2%, adjusted EBITDA near $68 million and non-GAAP diluted EPS around $0.47. That is company guidance, not a promise.

The appeal is accelerating software mix and returning profitability; the risk is concentration in government budgets and the export-control and geopolitical scrutiny that follows surveillance-adjacent tools. Watch recurring-revenue growth and whether guidance is raised.

Gen Digital (NASDAQ:GEN): Consumer Cyber Safety, Now With Financial Wellness

Gen Digital is the consumer-security heavyweight behind Norton, Avast, LifeLock, Avira, AVG and CCleaner. In April 2025 it completed its roughly $1 billion acquisition of MoneyLion, pushing into financial wellness.

That deal reshaped the numbers. For fiscal 2026, ended 3 April 2026, Gen crossed $5 billion in revenue for the first time, up 27%, with GAAP diluted EPS of $1.57 and non-GAAP EPS of $2.56, and free Cash Flow above $1.5 billion.

The more current data point is Gen's first quarter of fiscal 2027, reported on 13 August 2026 for the quarter ended 3 July 2026: revenue of $1.336 billion, up 6% on a GAAP basis and 11% on the company's adjusted measure, GAAP diluted EPS of $0.36 and non-GAAP EPS of $0.71, with bookings up 11%. Management raised full-year guidance to revenue of $5.475 billion and non-GAAP EPS of $2.97.

The story is durable subscriptions, cross-selling identity and financial tools, and steady buyback-friendly cash flow; the risk is Leverage and whether MoneyLion truly deepens the moat. Watch organic growth stripped of acquisition effects.

Kaltura (NASDAQ:KLTR): A Small-Cap Video-Software Name Leaning Into AI

Kaltura rounds out the software trio as the enterprise video-experience specialist, and it is where the AI narrative is most explicit relative to size.

In its second quarter of 2026, ended 30 June 2026, Kaltura reported total revenue of $46.9 million, up 5%, with subscription revenue of $45.6 million, up 8%, a net loss of $0.04 per share and adjusted EBITDA of $5.9 million, improved from $4.1 million a year earlier. Annualised recurring revenue reached $184.6 million, up 8%, with net dollar retention of 96%.

For full-year 2026, Kaltura guided to total revenue of $185.0 million and adjusted EBITDA of $17.2 million. Management highlighted a record 14 new deals that included AI offerings, nine of them featuring agentic avatars.

The bull case is improving profitability and AI attach rates on a low base; the bear case is single-digit growth, sub-100% retention and the fragility of small-cap software in a risk-off tape. Watch retention and whether AI deals scale.

What Investors Should Watch

Three threads run through these names. First, rates: the Fed's September stance will move software multiples more than any single Earnings line, and KLTR and PPLI are the most macro-sensitive here. Second, mix shift: CGNT's rising software share and GEN's subscription base are what convert revenue into cash, while KLTR's AI-deal count is an early read on whether hype becomes bookings. Third, labels: GLIBA is a telecom-and-fibre holding and PPLI is a media publisher, so judging either as AI software would misprice the risk entirely.

Also watch guidance revisions. GEN and CGNT both nudged outlooks higher recently; sustaining that into the back half of their fiscal years matters more than any past beat.

Sorting the Real Software Names From the Ticker-Screen Noise

Only three of these five, CGNT, GEN and KLTR, are software or AI-services businesses in any meaningful sense, and each sits at a different point on the risk curve: Cognyte as an accelerating government-analytics play, Gen Digital as a cash-generative consumer-security compounder, and Kaltura as a speculative small-cap turnaround with a genuine AI hook. GLIBA and PPLI are legitimate Nasdaq stocks with their own merits, but they are a telecom holding and a media publisher, respectively, and belong in different mental buckets.

The disciplined move in September 2026 is simply to match each ticker to what it actually is, a software business, a security compounder, a turnaround story, a telecom holding or a media publisher, rather than trade the group as one theme.