Cognizant Technology Solutions Co. continues to show significant variation in the stock market. According to NASDAQ, the company's shares have been bought and sold by several companies, including
Simplicity Wealth LLC and
Cetera Advisors LLC. The company's CEO Ravi Singisetti has recently sold 6,728 of his shares.
Cognizant's stock has reportedly outperformed competitors on strong trading days. However, concerns have been raised about the company's use of debt. Earnings forecasts for Q2 and Q3 of 2024 have been released, suggesting that the company is expected to make steady progress.
Bank of America has upgraded
Cognizant's rating to neutral. There are suggestions of strong momentum in the company's stock, making it a potential good buy. The company has issued its second-quarter results and raised its full-year revenue forecast.
Cognizant's stock reached a new 52-week high following the earnings beat.
Cognizant has secured a major deal as a global technology partner for Hays, heralding a new era of innovation and transformation. In addition,
Cognizant is set to acquire Belcan for $1.3 billion, aiming to strengthen their engineering capabilities.
Cognizant Technology Solutions CTSH News Analytics from Fri, 08 Mar 2024 08:00:00 GMT to Sun, 11 Aug 2024 11:58:44 GMT -
