Cognizant Technology Solutions Corporation (CTSH)

NASDAQ: CTSH · IEX Real-Time Price · USD
68.32
-0.15 (-0.22%)
At close: May 24, 2024, 4:00 PM
68.00
-0.32 (-0.47%)
Pre-market: May 28, 2024, 7:08 AM EDT
-0.22%
Market Cap 33.97B
Revenue (ttm) 19.30B
Net Income (ttm) 2.09B
Shares Out 497.20M
EPS (ttm) 4.17
PE Ratio 16.38
Forward PE 14.34
Dividend $1.20 (1.76%)
Ex-Dividend Date May 17, 2024
Volume 1,781,298
Open 68.47
Previous Close 68.47
Day's Range 68.32 - 68.32
52-Week Range 61.12 - 80.09
Beta 1.08
Analysts Hold
Price Target 75.73 (+10.85%)
Earnings Date May 1, 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]

Sector Technology
IPO Date Jun 19, 1998
Employees 347,700
Stock Exchange NASDAQ
Ticker Symbol CTSH
Full Company Profile

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 Statements

Analyst Forecast

According to 17 analysts, the average rating for CTSH stock is "Hold." The 12-month stock price forecast is $75.73, which is an increase of 10.85% from the latest price.

Price Target
$75.73
(10.85% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

10 days ago - PRNewsWire

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.

26 days ago - Reuters

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...

26 days ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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.

4 weeks ago - Business Wire

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...

Other symbols: MSFT
5 weeks ago - PYMNTS

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...

5 weeks ago - PRNewsWire

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...

5 weeks ago - PYMNTS

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.

Other symbols: FICO
5 weeks ago - PRNewsWire

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/ -- ...

6 weeks ago - 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...

6 weeks ago - PRNewsWire

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...

6 weeks ago - PYMNTS

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...

7 weeks ago - PRNewsWire

Cognizant signs a large, global infrastructure agreement with McCormick & Company, Inc.

New agreement expected to help transform and manage global technology infrastructure, elevating employee and customer experiences TEANECK, N.J. , April 2, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH)...

Other symbols: MKC
7 weeks ago - PRNewsWire

70%+ of Payers and Providers Anticipate Greatest Impact of Gen AI on Health Outcomes and Member Experience, According to HFS Research and Cognizant Report

NEW YORK--(BUSINESS WIRE)-- #Cognizant--Recently released report explores impact of vertical integration and generative AI on payer-provider friction and consumer experience and engagement.

2 months ago - Business Wire

Cognizant and LexisNexis Legal & Professional Extend Collaboration

Cognizant will provide cloud and digital engineering services to enhance customer experience on LexisNexis' next-gen legal research solution in the U.S. and Canada TEANECK, N.J., March 28, 2024 /PRNew...

2 months ago - PRNewsWire

Cognizant Continues Collaboration with Pon IT to Further Manage and Optimize Cloud Services

The extended relationship will enable Cognizant to continue providing managed services to the cloud platform for Pon IT and its numerous operating companies to enhance agility, intuition, and innovati...

2 months ago - PRNewsWire

Cognizant Named to Fortune's List of America's Most Innovative Companies 2024

Company recognized for innovative products and services, processes, and culture for the second consecutive year TEANECK, N.J. , March 26, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announced ...

2 months ago - PRNewsWire

Clario Selects Cognizant as Global Strategic Technology Services Provider to Optimize and Advance their Clinical Transformation Journey

Cognizant services will provide automation and digital technologies that can reduce cost of service and speed time to market TEANECK, N.J. , March 25, 2024 /PRNewswire/ --  Cognizant  (NASDAQ: CTSH) a...

2 months ago - PRNewsWire

Cognizant and Google Cloud Expand AI Partnership to Drive Software Development Productivity

Cognizant will adopt Gemini for Google Cloud to accelerate velocity for its software developers and enable more than 70,000 associates on Google Cloud's latest AI technologies TEANECK, N.J. and SUNNYV...

2 months ago - PRNewsWire

Cermaq Extends Collaboration with Cognizant to Further Enhance Operational Efficiencies

Cognizant will provide managed infrastructure services and seek to modernize Cermaq's cloud landscape as a digital transformation partner in Norway and Canada TEANECK, N.J. , March 20, 2024 /PRNewswir...

2 months ago - PRNewsWire

Cognizant to apply generative AI to enhance drug discovery for pharmaceutical clients with NVIDIA BioNeMo

Cognizant's AI and industry expertise, combined with the NVIDIA BioNeMo generative AI platform, create a strong foundation to improve outcomes in the healthcare and life sciences sectors TEANECK, N.J....

2 months ago - PRNewsWire

Cognizant Unveils Advanced Artificial Intelligence Lab to Accelerate AI Research and Innovation

With 75 issued and pending patents, the lab will launch with a team of dedicated AI researchers and developers; focus will be on research, innovation and production of cutting-edge AI systems TEANECK,...

2 months ago - PRNewsWire

Cognizant and Microsoft Collaborate to Power the Future of Healthcare Administration with Generative AI

The TriZetto platform, powered by Azure OpenAI Service, will help payers and providers reduce hidden costs and enable better patient outcomes for millions of Americans. TEANECK, N.J.

2 months ago - PRNewsWire