Cognizant Technology Solutions Corporation (CTSH)
| Market Cap | 34.11B |
| Revenue (ttm) | 19.30B |
| Net Income (ttm) | 2.09B |
| Shares Out | 497.20M |
| EPS (ttm) | 4.17 |
| PE Ratio | 16.45 |
| Forward PE | 14.40 |
| Dividend | $1.20 (1.75%) |
| Ex-Dividend Date | May 17, 2024 |
| Volume | 5,041,693 |
| Open | 67.77 |
| Previous Close | 67.74 |
| Day's Range | 67.70 - 68.69 |
| 52-Week Range | 62.14 - 80.09 |
| Beta | 1.04 |
| Analysts | Hold |
| Price Target | 75.50 (+10.04%) |
| Earnings Date | Jul 31, 2024 |
About CTSH
Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology. The company provides customer experience, robotic process automation, analytics, and AI services in areas, such as digital lending, fraud detection, and next generation payments; the shift towards consumerism, outcome-based con... [Read more]
Financial Performance
In 2023, CTSH's revenue was $19.35 billion, a decrease of -0.39% compared to the previous year's $19.43 billion. Earnings were $2.13 billion, a decrease of -7.16%.
Financial StatementsAnalyst Forecast
According to 18 analysts, the average rating for CTSH stock is "Hold." The 12-month stock price forecast is $75.5, which is an increase of 10.04% from the latest price.
News
Introducing Cognizant Neuro® Edge: Revolutionizing AI Deployment at the Edge
Platform enables real-time AI-enabled data processing across industries, enhancing data privacy and operational efficiency. TEANECK, N.J.
Cognizant Partners with Texas Dow Employees Credit Union to Boost its 'Run the Business' Transformation Efforts
Cognizant will provide infrastructure, data, and testing services to support the credit union's transformation for the next five years. TEANECK, N.J.
Cognizant and Cengage Group Extend Transformation Collaboration
Cognizant will provide end-to-end technology services to support Cengage Group's digital transformation journey leveraging cutting-edge technology and solutions. TEANECK, N.J.
Bullish On Fintech: EPAM, G, CTSH, GLOB
How are fintech stocks performing this year? Should investors be bullish on names like EPAM Systems (EPAM), Genpact (G), Cognizant Technology Solutions (CTSH), and Globant (GLOB)?
Cognizant and Gentherm Sign Agreement for Strategic Product Engineering Services and Development of a New Delivery Center
Agreement expected to help develop next generation of innovative products, elevate customer vehicle experiences, and improve everyday life TEANECK, N.J. , June 17, 2024 /PRNewswire/ -- Cognizant (NASD...
Cognizant Launches First Set Of Healthcare Large Language Model Solutions As Part Of Generative AI Partnership With Google Cloud
Generative AI solutions address high-touch areas throughout the healthcare value chain to drive unified experiences and improve business outcomes for healthcare organizations. TEANECK, N.J.
Cognizant CEO on acquiring Beclan for $1.3 billion
Cognizant CEO Ravi Kumar joins 'Money Movers' to discuss the strategic rationale behind the company's latest acquisition, parts of the old economy yet to be digitized, and more.
COGNIZANT TO ACQUIRE BELCAN FOR APPROXIMATELY $1.3 BILLION TO SIGNIFICANTLY STRENGTHEN ENGINEERING CAPABILITIES AND ESTABLISH A LEADERSHIP POSITION IN AEROSPACE & DEFENSE MARKET
Significantly expands access to the ~$190 billion rapidly growing, specialized Engineering Research & Development services market Immediately accelerates growth opportunity through presence in attrac...
Cognizant to acquire Belcan for $1.3 billion, sources say
Information technology services provider Cognizant Technologies has agreed to acquire digital engineering firm Belcan for nearly $1.3 billion in cash and stock, according to people familiar with the m...
Driving Experience Reliability in Workplace IT: Cognizant WorkNEXT Workplace Intelligence Powered by Nexthink
Cognizant WorkNEXT™ with Nexthink Dex Ops technology aims to bring intelligence and insights to enterprise IT support and transform digital workplace experience TEANECK, N.J. , June 6, 2024 /PRNewswir...
Talkdesk and Cognizant Team up to Accelerate Artificial Intelligence-Powered Customer Experience
SAN FRANCISCO--(BUSINESS WIRE)-- #CX--Talkdesk announced a new collaboration with Cognizant to accelerate AI-powered CX transformation.
Cognizant to Present at Upcoming Conferences
TEANECK, N.J. , May 17, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading provider of information technology, consulting, and business process services, today announced its participation in th...
Cognizant first-quarter revenue beats estimates on steady spending by clients
Cognizant Technology Solutions beat Wall Street estimates for first-quarter revenue on Wednesday, helped by steady spending by clients, sending its shares up more than 4% in aftermarket trading.
COGNIZANT REPORTS FIRST QUARTER 2024 RESULTS
Revenue of $4.8 billion declined 1.1% year-over-year, or declined 1.2% in constant currency1, which was above the high-end of our guidance range Operating margin of 14.6%, flat year-over-year, and Adj...
Cognizant enters into a strategic partnership with Telstra to elevate software engineering capabilities and enhance customer experience
The collaboration seeks to accelerate speed to market, operational efficiency and improved customer and employee experience for Telstra SYDNEY and TEANECK, N.J. , April 28, 2024 /PRNewswire/ -- Cogniz...
Cognizant's Bluebolt Program Delivers More Than $150M in Estimated Annualized Cost Savings for Enterprises
Cognizant associates have submitted more than 130K ideas via Bluebolt, a grassroots innovation program launched a year ago; more than 23K ideas have been implemented with clients More than 220K associ...
Congruent Solutions Appoints Mahesh Natarajan as Chief Revenue Officer
CUPERTINO, Calif. & CHENNAI, India--(BUSINESS WIRE)-- #ChiefRevenueOfficer--Congruent Solutions today announced the appointment of Mahesh Natarajan as its Chief Revenue Officer.
Microsoft and Cognizant Partner to Help Enterprises Adopt GenAI Solutions
Microsoft and Cognizant have partnered to expand the adoption of generative artificial intelligence (GenAI) solutions by enterprises. The companies aim to make Microsoft's GenAI and Copilots available...
Cognizant and Microsoft Announce Global Partnership to Expand Adoption of Generative AI In the Enterprise, And Drive Industry Transformation
Expanded partnership will leverage Microsoft Copilot and Cognizant's advisory and digital transformation services to help employees and enterprise customers operationalize generative AI and realize st...
Cognizant and FICO to Launch Real-Time Payments Fraud Prevention Solution
Cognizant and FICO plan to launch a cloud-based real-time payments fraud prevention solution designed for North American banks and other payment service providers. The joint offering would leverage bo...
Cognizant and FICO Partner to Help Banks Prevent Real-Time Payments Fraud
Cloud-based solution provides banks and payment providers with fraud protection powered by artificial intelligence and machine learning TEANECK, N.J. and BOZEMAN, Mont.
Cognizant Has Awarded $70 Million to Advance Globally Diverse Communities
In support of its Synapse initiative, Cognizant's philanthropic funding reaffirms its long commitment to training individuals for the jobs of the future TEANECK, N.J. , April 11, 2024 /PRNewswire/ -- ...
Cognizant Schedules First Quarter 2024 Earnings Release and Conference Call
TEANECK, N.J. , April 10, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading provider of information technology, consulting, and business process services, will announce results for the first qu...
Cognizant Partners With Shopify, Google Cloud as eCommerce Platforms Challenge Amazon
Shopify is calling in reinforcements as eCommerce solution providers aim to equip brands and retailers to hold their own against Amazon. Cognizant, which provides digital solutions, technology consult...
Cognizant Teams with Shopify and Google Cloud To Transform Enterprise Retail
Al liance combines the strength of Shopify's leading commerce platform with Google Cloud's leading AI-infrastructure and delivery by Cognizant's retail technology experts TEANECK, N.J. , April 9, 2024...