Shares in Cogent Inc. soared for the second straight day after an analyst raised his rating for the tech company.

Shares in the Pasadena-based biometric identification systems maker gained more than 9 percent after Raymond James analyst Brian Gesuale raised his rating for the company Tuesday to “strong buy” from “outperform.”

The move comes after the firm announced Monday that it had settled a two-year old dispute with defense contracting giant Northrop Grumman Corp., netting a $40 million settlement and a $20 million contract.

Cogent also reported this month that sales and profits for the second-quarter more than doubled.

Shares in Cogent were up 9.1 percent, or $1.28, to $15.38 in afternoon trading Tuesday on the Nasdaq.