Cognizant Technology Solutions Corporation (CTSH)
Market Cap | 36.65B |
Revenue (ttm) | 19.35B |
Net Income (ttm) | 2.13B |
Shares Out | 497.84M |
EPS (ttm) | 4.21 |
PE Ratio | 17.41 |
Forward PE | 15.63 |
Dividend | $1.20 (1.64%) |
Ex-Dividend Date | Feb 16, 2024 |
Volume | 7,529,794 |
Open | 73.40 |
Previous Close | 73.62 |
Day's Range | 73.14 - 74.07 |
52-Week Range | 58.09 - 80.09 |
Beta | 1.07 |
Analysts | Hold |
Price Target | 75.38 (+2.85%) |
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]
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 17 analysts, the average rating for CTSH stock is "Hold." The 12-month stock price forecast is $75.38, which is an increase of 2.85% from the latest price.
News
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.
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...
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...
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 ...
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...
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...
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...
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....
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,...
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.
Cognizant asks India employees to work from office thrice a week, internal memo shows
U.S.-based IT firm Cognizant said it expects India employees to work from the office at least thrice a week, according to a memo seen by Reuters, becoming the latest company to signal the end of the p...
CIBC becomes official Private Wealth and Commercial Banking Partner of The Cognizant Classic in the Palm Beaches
The partnership further expands its commitment in Palm Beach CHICAGO , Feb. 26, 2024 /PRNewswire/ - CIBC today announced that it has become the official Private Wealth and Commercial Banking Partner o...
Cognizant Expands Technology Operations Partnership with CNO Financial Group
Cognizant will implement cloud and digital technologies with aim to enhance customer experience and optimize business processes and operations TEANECK, N.J. , Feb. 22, 2024 /PRNewswire/ -- Cognizant ...
Lexitas Announces Appointment of Sriram Venkateswaran as Chief Financial Officer
HOUSTON , Feb. 14, 2024 /PRNewswire/ -- Lexitas, a leading provider of technology-enabled litigation services and a portfolio company of funds advised by Apax, is pleased to announce the appointment o...
Cognizant gives weak 2024 forecast as IT services weakness persists; shares fall
Cognizant Technology Solutions forecast full-year revenue below estimates on Tuesday, underscoring persistent weakness in demand for IT services and sending its shares down 4% in extended trading.
COGNIZANT REPORTS FOURTH QUARTER AND FULL-YEAR 2023 RESULTS
Full-year revenue of $19.4 billion declined 0.4% year-over-year, or declined 0.3% in constant currency1, which was within our guidance range Full-year operating margin of 13.9% and Adjusted Operating ...
Announcing Cognizant Flowsource™, a generative AI-enabled platform for powering modern engineering
Platform provides an integrated, holistic way to track and expedite every stage of the software delivery lifecycle TEANECK, N.J. , Feb. 1, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announce...
Cognizant Implements Amazon's Just Walk Out Technology for Canberra Institute of Technology Student Association
Collaboration with CITSA delivers technology to enable nearly 24/7 access for students at Student Association store SYDNEY , Jan. 30, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), one of the world's ...
Cognizant Helping to Modernize Infrastructure and Application Management as Part of Takeda's Digital Transformation
Cognizant will support Takeda's ambition to modernize technology capabilities TEANECK, N.J. , Jan. 25, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) announced today an expanded agreement with Takeda...
Building an experience-centric workplace: Enhancing Cognizant WorkNEXT digital workplace services with generative AI powered by ServiceNow
Cognizant WorkNEXT™ aims to put user experience at the center of workplace transformation, with generative AI capabilities designed to enhance employee self-service and streamline adoption of consume...
Sunstone Partners Announces the Closing of the Sale of Thirdera, the Largest Independent Global Pure-Play ServiceNow Consultancy, to Cognizant
SAN MATEO, Calif.--(BUSINESS WIRE)--Sunstone Partners, a technology-focused growth equity firm, today announced the closing of the sale of its portfolio company, Thirdera, to Cognizant (Nasdaq: CTSH)....
Cognizant Schedules Fourth Quarter 2023 Earnings Release and Conference Call
TEANECK, N.J. , Jan. 16, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading provider of information technology, consulting, and business process services, will announce results for the fourth qu...
Cognizant unveils gen AI-powered Innovation Assistant, in collaboration with Microsoft, empowering Cognizant's employees to innovate
TEANECK, N.J. , Jan. 16, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) announced its collaboration with Microsoft on the launch of the Innovation Assistant, a generative AI-powered tool built on Micro...
Cognizant Impact Study Predicts Generative AI Could Inject $1 Trillion Into U.S. Economy Over 10 Years
Joint landmark Oxford Economics/Cognizant study predicts generative AI will affect 90% of U.S. jobs, underscoring the critical need for strategic reskilling to maintain economic growth TEANECK, N.J. ,...
FORTREA SELECTS COGNIZANT AS ITS TECHNOLOGY TRANSFORMATION PROVIDER
Cognizant to help Fortrea deploy a modern, secure digital ecosystem to help bring treatments to patients faster TEANECK, N.J. and DURHAM, N.C.