Cognizant Technology Solutions Company (NASDAQ: CTSH) is expected to report a $4.45B worth of sales by brokerages. 6 analysts have estimated the earnings for the company. The highest and the lowest estimate of sales stands at $4.48B and $4.43B respectively. Last year, in this quarter, $4B sales were reported indicating a y-o-y 11.3% growth rate.
Detailed Commentary Of CTSH Stock
The latest earnings of CTSH stock were published on 4th May, Tuesday. An EPS of $0.97 was reported overshooting the general $0.94 estimate. It also reported a 19.04% equity return and an 8.78% net margin.
Several research analysts have issued their reports for CTSH stock recently. William Blair increased its rating for the stock to “outperform” from “market perform” on 20th January, Wednesday. Societe Generale decreased its rating of the stock to “hold” from “buy” on 4th February, Thursday. HSBC decreased its rating to “hold” from “buy” while setting a target price of $80 on 4th February, Thursday. Oppenheimer issued a rating of “market perform” on 25th January, Monday. BMO Capital Markets upped their target price to $90 from $82 while issuing a rating of “outperform” on 1st February, Monday.
On Monday, CTSH shares opened at a value of $71.01. The lowest and highest of the stock over a period of one year is $82.73 and $48.98 respectively. It also has a 2.61 quick ratio and a 2.62 current ratio. The moving average of the stock for 50 days stands at $78.75 while for 200 days the value stands at $77.80. The market capitalization of the company stands at $37.45B with a 1.12 beta.
Malcolm Frank, an insider, sold off 471 CTSH shares on 16th March, Tuesday at an average $78.45 price per share. Eqis Capital Management Inc., Pinebridge Investments L.P., Altrinsic Global Advisors LLC, Stephens Inc. AR, and Profund Advisors LLC all increased their shares of CTSH stock.