Cognizant Technology Solutions Corporation (CTSH)

NASDAQ: CTSH · IEX Real-Time Price · USD
73.29
-0.33 (-0.45%)
At close: Mar 28, 2024, 4:00 PM
73.31
+0.02 (0.03%)
After-hours: Mar 28, 2024, 7:45 PM EDT
-0.45%
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]

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 $75.38, which is an increase of 2.85% from the latest price.

Price Target
$75.38
(2.85% upside)
Analyst Consensus: Hold
Stock Forecasts

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.

17 hours 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...

17 hours 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...

1 day 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 days 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...

3 days 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...

8 days 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...

8 days 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....

10 days 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,...

22 days 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.

22 days ago - PRNewsWire

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...

4 weeks ago - Reuters

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...

4 weeks ago - PRNewsWire

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 ...

Other symbols: CNO
5 weeks ago - PRNewsWire

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...

Other symbols: AIZ
6 weeks ago - PRNewsWire

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.

7 weeks ago - Reuters

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 ...

7 weeks ago - PRNewsWire

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...

2 months ago - PRNewsWire

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 ...

2 months ago - PRNewsWire

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...

Other symbols: TAK
2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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)....

2 months ago - Business Wire

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...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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. ,...

2 months ago - PRNewsWire

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.

Other symbols: FTRE
3 months ago - PRNewsWire