Cognizant Technology Solutions (CTSH) sees mixed performance, standing out in some strong trading days but underperforming at certain times despite losses. CTSH receives an average recommendation of 'Hold' from analysts, however, Barclay's increased its price target to $80.00. Questions arise about CTSH being undervalued by approximately 43-44%. CTSH appears to offer strong financial prospects amidst recent weakness, with an upcoming $0.30 dividend sparking interest. Its digital customer experiences commitment expands with Whitbread, while Unitywater selects CTSH for ICT support managed services. Notably, high options volume noted for CTSH. The company posts Q1 2024 earnings, with expectations of growth as per Wall Street. CTSH's recent slowing capital returns draw attention. Despite a significant decline in short interest, it announces a dividend increase to $0.30. CTSH has a healthy balance sheet and is set to report its Q4 earnings. Notably, CTSH acquires Belcan for approximately $1.3 billion to strengthens its aerospace & defense market capabilities. Finally, CTSH extends relationships with Victory Capital and CNO Financial Group, adding to its clientele and partner base, thus restraining its long-term value.
Cognizant Technology Solutions CTSH News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Sun, 28 Jul 2024 23:12:04 GMT -
Rating 6
- Innovation 5
- Information 7
- Rumor 5
