Large Cap Business Software & Services: Cognizant Technology Solutions Corporation (NASDAQ:CTSH)

Also, Wedbush initiates coverage on Cognizant Technology Solutions Corporation (NASDAQ:CTSH) The brokerage firm has issued a Neutral rating on the shares.

Cognizant Technology Solutions Corp. has 606,942,000 shares in issue which have a share price of 54.03 giving Cognizant Technology Solutions Corp. a market capitalisation of 32.79B United States dollars. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) quarterly performance is -9.40% while its price to sale ratio is 2.57 and price to book ratio is 3.33. The company finished it is trading at $54.03. (NASDAQ: CTSH) now has a 50-day MA is $57.42 and 200-day MA is $59.06, and it has traded in a 52-week range between $51.22 – 69.80 and yesterday’s last price was -22.49 percent off the 52 week high of $69.80.

Cognizant Technology Solutions Corporation is a well-known provider of information technology, consulting and business process services. The Company’s competencies include business, process, operations and IT consulting, application development and systems integration, enterprise information management, application testing, application maintenance and IT infrastructure services. Cognizant Technology Solutions Corp. has been the topic of 17 analyst reports since October 14, 2015 according to StockzIntelligence Inc. There are 0 equity research firms suggesting a Hold and 0 consider it Sell.

The Dow Jones Industrial Average DJIA, +0.99% closed up 177.71 points, or 1%, at 18,212.48, led by a 3.4% surge in shares of Apple Inc. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. “5” issued rating as a “HOLD”. “Underperform” verdict was shared by 0 analyst and “Overweight” recommendation was issued by 4 analyst.

A current consensus EPS estimate for next quarter is at $0.86 and 3 month ago EPS forecast was $0.90. Analysts projected the minimum sales estimate of $3,432.25M and some analysts told that the stock may achieve maximum sales of $3,502.00M. EXTR EPS growth this year and EPS growth next year is 57.30%, 23.58% respectively. For the next twelve months, the average of individual price target estimates submitted by covering sell-side analysts is $67.88. The highest analyst price target is $77.00, which implies a gain of 58 percent. The stock has been given a mean “OVERWEIGHT” rating after the consensus analysis of “25” Analysts. During the same quarter past year, the company posted $0.79 EPS. The difference in the numbers was $3.39M which caused a surprise factor of 0.10%. 0 analysts assign “Sell” rating for the stock. This estimate is based on 16 analysts that are giving their projections for the quarter. (NASDAQ:CTSH) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). If we take a look at back 3 month ago, consensus EPS estimate was $0.87. First Manhattan Co. now owns 2,523 shares of the information technology service provider’s stock valued at $144,000 after buying an additional 363 shares in the last quarter. That is compared with the $0.76 in earnings per share it reported during the same period past year.

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