Cognizant Technology Solutions Corporation has been a focal point in the financial news recently. Savant Capital LLC has sold a significant share of its stock while, despite a rise last Monday, it didn't keep up with the market. Looking back five years, investment in Cognizant Technology Solutions would have yielded a 20% gain. Though the company recently released first-quarter earnings, details are still surfacing.
The first quarter of 2024 saw Cognizant Technology Solutions post earnings and also receive a 'Hold' rating from Needham & Company LLC. Despite instances of underperformance compared to competitors, predictions for the company's future involve continued growth in value. In aim of this growth, William Blair has raised the fourth quarter 2024 EPS estimates and shareholders express optimism regarding future upturns.
Multiple research analysts have started predicting for Q2 2024 earnings. Some analysts share a bearish sentiment citing financial weakness and lowering the price target. Nonetheless, strategic SWOT insights are still very favorable.
CTSH's SaaS Solution recently exceeding a quarter million users suggests an opposite trend. Mixed views persist in the market, extending to fluctuations in how much stock is held by different institutions. The debate is ongoing about whether to buy CTSH freshly.
Cognizant Technology Solutions CTSH News Analytics from Sun, 22 Oct 2023 07:00:00 GMT to Tue, 07 May 2024 11:02:07 GMT - Rating 3 - Innovation 6 - Information 8 - Rumor -2
