Cognizant Tech Solns 株価情報 (NASDAQ: CTSH)

最新ニュース Cognizant Tech Solns (NASDAQ:CTSH) 株価情報

Cognizant Tech Solns

Cognizant is a global IT services provider, offering consulting and outsourcing services to some of the world's largest enterprises spanning the financial services, media and communications, healthcare, natural resources, and consumer products industries. Cognizant employs nearly 300,000 people globally, roughly 70% of whom are in India, although the company's headquarters are in Teaneck, New Jersey.

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Cognizant Technology Solutions Corporation - Class A Common Stock

Cognizant Technology Solutions Corp

Michael Saylor, CEO of MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), deemed the Donald Trump-led Republican triumph the &#8220;biggest&#8221; bullish catalyst for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) over the last four years.
What Happened: In an interview with CNBC on Thursday, Saylor said that the &#8220;red wave&#8221; has been &#8220;incredibly auspicious&#8221; for Bitcoin and the broader cryptocurrency industry.
The Bitcoin bull anticipated a friendlier SEC at the helm amid speculations of current chair Gary Gensler stepping aside.
&#8220;It&#8217;s very good for the cryptocurrency industry. We&#8217;re going to see a lot more pro-Bitcoin policies. We are going to see a digital assets framework. We are going to see an end to the war on crypto.,&#8221; Saylor predicted.
Don&#8217;t Miss:
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<li>Over the last five years, the price of gold has increased by approximately 83% — Investors like Bill O&#8217;Reilly and Rudy Giuliani are using this platform to <a href="https://www.benzinga.com/money/american-hartford-gold">create customized gold IRAs to help shield their savings from inflation and economic turbulence.</a></li>
<li>1 in 4 Americans own a share of Bitcoin according to NASDAQ — <a href="https://www.benzinga.com/money/binance-100">this platform touts returns as high as 12.5% APY and is giving $100 in welcome rewards if you sign up today.</a></li>
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<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;The red wave is probably the biggest thing that has happened in the past four years for bitcoin&quot; &#8211; <a href="https://twitter.com/MicroStrategy?ref_src=twsrc%5Etfw">@MicroStrategy</a> founder &amp; chairman <a href="https://twitter.com/saylor?ref_src=twsrc%5Etfw">@saylor</a> on his crypto expectations under a second Trump presidency. <a href="https://t.co/9BYAYgLGe8">pic.twitter.com/9BYAYgLGe8</a>
&mdash; CNBCOvertime (@CNBCOvertime) <a href="https://twitter.com/CNBCOvertime/status/1857179737606459844?ref_src=twsrc%5Etfw">November 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
With the election uncertainty behind, Saylor also ruled out any major bearish events for Bitcoin in the foreseeable future.
&#8220;I am planning the $100,000 party, and I am thinking it is probably going to be New Year&#8217;s Eve at my house. So, I would be surprised if we don&#8217;t go through $100,000 in November or December,&#8221; Saylor said in a burst of enthusiasm.
See Also: Dogecoin millionaires are increasing –<a href="https://www.benzinga.com/money/dogecoin-millionaires"> investors with $1M+ in DOGE revealed!</a>
Why It Matters: Saylor&#8217;s bullish sentiment aligned with the ongoing success of his company&#8217;s publicly-traded stock. 
MicroStrategy&#8217;s shares hit a record high earlier this week, pushing the firm&#8217;s market valuation to $72.26 billion, a $50 billion increase since September 6. This gain <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41961419/bitcoin-proxy-microstrategy-added-more-to-its-market-cap-in-last-2-months-than-what-ford-is-worth-currently">surpassed the total capitalization</a> of Ford Motor Co. (F) and Cognizant Technology Solutions Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>).
The firm, known famously as Bitcoin&#8217;s biggest corporate holder, was sitting on unrealized profits of over $12.7 billion as of this writing, <a href="https://bitcointreasuries.net/" target="_blank" rel="noreferrer noopener">according&nbsp;</a>to data from bitcointreasuries.net.&nbsp;&nbsp;
The company&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41646462/michael-saylor-says-bitcoin-remedy-to-fix-unhealthy-balance-sheets-as-microstrategy-unveil" target="_blank" rel="noreferrer noopener">announced plans</a>&nbsp;to raise as much as $42 billion in equity and debt funding over the next three years to accumulate more Bitcoin.
Price Action: At the time of writing, Bitcoin was exchanging hands at $88,121.00, down 1.89% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Shares of MicroStrategy closed 0.22% lower at $327.67 during Thursday&#8217;s regular trading session.
Photo Courtesy: Wikimedia
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<li>If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,<a href="https://www.benzinga.com/money/etoro-doge"> here&#8217;s how much you&#8217;d have today</a>.</li>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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MSTR

Michael Saylor Is Planning A Bitcoin $100K Party At His House, Expects End Of War On Crypto Under Trump

Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) bullish turn since early September has reflected well on MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), with the proxy firm increasing its valuation by $50 billion in the last two months.
What happened: Widely considered a TradFi alternative to holding Bitcoin, shares of MicroStrategy <a href="https://www.benzinga.com/markets/equities/24/11/41892752/microstrategy-shares-hit-24-year-high-jumps-most-since-dot-com-bubble-as-bitcoin-trades-at-record-levels">hit a record closing high</a>, past $350, earlier this week. The surge marked the highest level for the shares since the dot-com bubble in March 2000.
The rally propelled the firm's market valuation to $72.26 billion, reflecting an increase of $50 billion since Sept. 6, or 225%. Just for context, the gain was higher than the total capitalization of Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and Cognizant Technology Solutions Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>).
Year-to-date, MicroStrategy has leaped 374%, outperforming some of the hottest stocks on Wall Street, including the "Magnificent Seven."
The upswing coincided with the record-breaking play of Bitcoin, which was swiftly approaching the $100,000 milestone. Since Sept. 6, Bitcoin has surged more than 60% in value.&nbsp;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41873427/shiba-inu-lead-developer-shytoshi-kusama-pitches-s-h-i-b-in-response-to-elon-musks-call-for-new-roles-recommendations-in-trump-administration">Shiba Inu Lead Developer Shytoshi Kusama Pitches S.H.I.B In Response To Elon Musk&#8217;s Call For New Roles Recommendations In Trump Administration</a>
Why It Matters: The Bitcoin portfolio of MicroStrategy—a company that has pioneered the leading cryptocurrency's corporate adoption—has ballooned past a whopping $25 billion, <a href="https://bitcointreasuries.net/">according </a>to data from bitcointreasuries.net.&nbsp;
At an average acquisition price of $11.92 billion, the firm racked up over $13 billion in unrealized profit on its Bitcoin purchases.&nbsp;
In its third-quarter results report, the company <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41646462/michael-saylor-says-bitcoin-remedy-to-fix-unhealthy-balance-sheets-as-microstrategy-unveil">announced plans</a> to raise as much as $42 billion in equity and debt funding over the next three years to accumulate more Bitcoin.
Price Action: At the time of writing, Bitcoin was exchanging hands at $89,917.11, up 3.06% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Shares of MicroStrategy were up 2.87% in after-hours trading, after pulling back 7.91% during Wednesday's regular trading session.
Image via Shutterstock
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<li><a href="https://www.benzinga.com/24/11/41928272/cathie-woods-ark-invest-foresees-crypto-industry-boost-under-incoming-trump-administration">Cathie Wood-Led Ark Sees Boost For Bitcoin, Crypto Under Trump Administration, Says IPO Window For Circle, Kraken Could Reopen</a></li>
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Bitcoin Proxy MicroStrategy Added More To Its Market Cap In Last 2 Months Than What Ford Is Worth Currently

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Shares of IT services companies are trading higher after Donald Trump won the 2024 presidential election.

Mizuho analyst Dan Dolev maintains Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) with a Neutral and raises the price target from $83 to $84.

Mizuho Maintains Neutral on Cognizant Tech Solns, Raises Price Target to $84

TD Cowen analyst Bryan Bergin maintains Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) with a Hold and raises the price target from $75 to $76.

TD Cowen Maintains Hold on Cognizant Tech Solns, Raises Price Target to $76

Cognizant Technology Solutions shares are trading higher after the company reported better-than-expected Q3 financial results and issued FY24 guidance above estimates.

Baird analyst David Koning maintains Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) with a Neutral and raises the price target from $78 to $80.

Baird Maintains Neutral on Cognizant Tech Solns, Raises Price Target to $80

Needham analyst Mayank Tandon reiterates Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) with a Hold.

Reiteration

Needham Reiterates Hold on Cognizant Tech Solns

Fourth Quarter and Full-Year 2024 Guidance2
(all growth rates year-over-year)
<ul>
<li>Fourth quarter revenue is expected to be $5.0 - $5.1 billion, growth of 5.1% to 7.1%, or an increase of 4.8% to 6.8% in constant currency.</li>
<li>Full-year 2024 revenue is expected to be $19.7 - $19.8 billion, growth of 1.6% to 2.1% or an increase of 1.4% to 1.9% in constant currency basis. This assumes approximately 200 basis points of inorganic contribution.</li>
<li>Full-year 2024 Adjusted Operating Margin3 is expected to be approximately 15.1%, flat year-over-year.</li>
<li>Full-year 2024 Adjusted Diluted EPS3 is expected to be in the range of $4.63 to $4.67.</li>
</ul>
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="10" rowspan="1">2 Guidance as of October 30, 2024</td>
</tr>
<tr>
<td colspan="10" rowspan="1">3 A full reconciliation of Adjusted Operating Margin and Adjusted Diluted EPS guidance to the corresponding GAAP measures on a forward-looking basis cannot be provided without unreasonable efforts. See "About Non-GAAP Financial Measures and Performance Metrics" for more information and a partial reconciliation at the end of this release.</td>
</tr>
</tbody>
</table>
</figure>

Guidance

Cognizant Technology Solutions Sees Q4 Revenue $5B-$5.1B Vs $5.09B Est. Est.; FY24 Adj EPS $4.63-$4.67 Vs $4.62 Est.; Revenue $19.7B-$19.8B Vs $19.65B Est.

Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) reported quarterly earnings of $1.25 per share which beat the analyst consensus estimate of $1.15 by 8.7 percent. This is a 7.76 percent increase over earnings of $1.16 per share from the same period last year. The company reported quarterly sales of $5.04 billion which beat the analyst consensus estimate of $4.99 billion by 1.10 percent. This is a 3.00 percent increase over sales of $4.90 billion the same period last year.

Earnings

Earnings Beats

Cognizant Tech Solns Q3 Adj $1.25 Beats $1.15 Estimate, Sales $5.04B Beat $4.99B Estimate

Cognizant and AWS to bring generative AI-powered offerings to market to transform manufacturing operations at scale, for enterprises in industrial, automotive, life sciences and consumer goods industries
TEANECK, N.J., Oct. 29, 2024 /PRNewswire/ --&nbsp;Cognizant (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) announced today that it has signed a strategic collaboration agreement (SCA) with Amazon Web Services (AWS), with plans to deliver advanced technology solutions and cloud computing services, focused on enhancing smart manufacturing capabilities for global enterprises across industries.
This latest expansion of Cognizant's collaboration with AWS is designed to meet the growing market demand for Internet of Things (IoT), data, artificial intelligence (AI) and cloud adoption in Industry 4.0 applications, such as digital twins, simulations, manufacturing execution systems, edge computing, and operational technology (OT) cybersecurity solutions, which Cognizant plans to demonstrate in its manufacturing innovation centers in the United States (U.S.) and India.

AMZN

Cognizant Signs Strategic Collaboration Agreement With AWS To Transform Manufacturing Operations At Scale, For Enterprises In Industrial, Automotive, Life Sciences And Consumer Goods Industries

Collaboration leverages NVIDIA AI and Cognizant&#39;s data analytics accelerators with the goal to optimize enterprise cloud costs, enhance performance and help clients modernize their infrastructure to be AI-ready.

NVDA

Cognizant Partners With NVIDIA To Tackle Cloud Costs, Boost AI-Ready Infrastructure With RAPIDS

During the last three months, 10 analysts shared their evaluations of Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>), revealing diverse outlooks from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $81.2, a high estimate of $90.00, and a low estimate of $75.00. This current average has increased by 6.38% from the previous average price target of $76.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1729627209_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Cognizant Tech Solns. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bryan Keane</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$80.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>James Schneider</td>
<td>Goldman Sachs</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$76.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Tien-Tsin Huang</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$89.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>James Schneider</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$76.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Daniel Perlin</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$82.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Surinder Thind</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Buy</td>
<td>$90.00</td>
<td>-</td>
</tr>
<tr>
<td>Jason Kupferberg</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$75.00</td>
<td>$73.00</td>
</tr>
<tr>
<td>Keith Bachman</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$85.00</td>
<td>$78.00</td>
</tr>
<tr>
<td>Daniel Perlin</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$81.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>David Koning</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$78.00</td>
<td>$75.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Cognizant Tech Solns. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Cognizant Tech Solns compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Cognizant Tech Solns's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Cognizant Tech Solns's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CTSH/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cognizant Tech Solns analyst ratings.</a>
<h2>About Cognizant Tech Solns</h2>
Cognizant is a global IT services provider, offering consulting and outsourcing services to some of the world's largest enterprises spanning the financial services, media and communications, healthcare, natural resources, and consumer products industries. Cognizant employs nearly 300,000 people globally, roughly 70% of whom are in India, although the company's headquarters are in Teaneck, New Jersey.
<h3>A Deep Dive into Cognizant Tech Solns's Financials</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Cognizant Tech Solns's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -0.74% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 11.67%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Cognizant Tech Solns's ROE stands out, surpassing industry averages. With an impressive ROE of 4.13%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Cognizant Tech Solns's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.06% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Cognizant Tech Solns's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.09.
<h2>Analyst Ratings: What Are They?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cracking The Code: Understanding Analyst Reviews For Cognizant Tech Solns

Deutsche Bank analyst Bryan Keane maintains Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) with a Hold and raises the price target from $70 to $80.

Deutsche Bank Maintains Hold on Cognizant Tech Solns, Raises Price Target to $80

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Cognizant Unveils Multi-Agent AI For Neuro Platform, Driving Rapid Enterprise AI Innovation

Comprehensive, AI-powered security platforms to fortify cybersecurity readiness for organizations in the financial services, healthcare and life sciences industries
TEANECK, N.J., Oct. 10, 2024 /PRNewswire/ -- Cognizant (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) and Palo Alto Networks are partnering to deliver AI-driven cybersecurity capabilities and services for enterprises across industries. The partnership combines Cognizant's longstanding track record of providing cybersecurity services with Palo Alto Networks industry-leading, AI-powered platforms to drive better security outcomes.
The agreement enables Cognizant to deepen its expertise and broaden its services across Palo Alto Networks Precision AI-powered Network Security Platform, Code-to-Cloud Platform and Security Operations Platform. Together, Cognizant and Palo Alto Networks aim to help clients consolidate security products across functions with the goal of reducing complexity, and improve overall levels of security through platformization.
In addition, Cognizant aims to further its comprehensive security solutions portfolio, bringing to market tailored, AI-led solutions that will allow clients to leverage centralized high-quality data to yield higher levels of attack protection and faster issue resolution. Additionally, Cognizant will&nbsp;continue&nbsp;to leverage Palo Alto Networks technology as part of its internal security infrastructure, strengthening the capabilities of Cognizant's&nbsp;global cyber defense program.&nbsp;

PANW

Cognizant Partners With Palo Alto Networks To Deliver AI-Led Cybersecurity Services To Fortify Cybersecurity Readiness For Organizations In The Financial Services, Healthcare And Life Sciences Industries

Looking into the current session, Cognizant Tech Solns Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) shares are trading at $76.89, after a 0.40% drop. Over the past month, the stock fell by 1.13%, but over the past year, it actually increased by 13.47%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2024/1727468204_0.png" alt="Past Year Chart" />

<h3>Evaluating Cognizant Tech Solns P/E in Comparison to Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Cognizant Tech Solns has a lower P/E than the aggregate P/E of 57.79 of the IT Services industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1727468204_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

P/E Ratio Insights for Cognizant Tech Solns

mecwacare, Cognizant Embark On Multi-year Relationship To Launch Digital Transformation Program

The England and Wales Cricket Board (ECB) and Cognizant (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) have announced a partnership which is set to offer recreational cricket fans, players and volunteers an improved digital experience as part of the national cricket governing body&#39;s ongoing digital transformation. New Cognizant Logo (PRNewsfoto/Cognizant) As the Official Digital Technology Transformation Partner and Official IT Consulting Partner, Cognizant will be the key strategic partner for the ECB&#39;s recreational game systems programme &ndash; aiming to develop integrated and user-friendly digital products that simplify numerous administrative tasks involved in running recreational cricket, and providing a streamlined and inclusive digital experience that facilitates a more meaningful engagement for all participants with the game. The first phase is due to become operational in 2025. Cognizant will also support the ECB with wider digital and technology initiatives to continue cricket&#39;s growth in England and Wales. A key part of this will be an annual innovation fund, which the ECB will utilize to test early-stage innovations that could grow the game across aspects such as commercial, fan engagement and infrastructure.

Cognizant Teams Up with England and Wales Cricket Board to Drive Digital Innovation in Cricket, Launching New Tech in 2025

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4252264-1&amp;h=2834886216&amp;u=https%3A%2F%2Fwww.cognizant.com%2Fin%2Fen&amp;a=Cognizant">Cognizant</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>)&nbsp;today announced its deal with <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4252264-1&amp;h=2604778079&amp;u=https%3A%2F%2Fkombit.dk%2Fom-os&amp;a=KOMBIT">KOMBIT</a>, a municipally owned IT company responsible for strategically operating critical IT solutions for 98 Danish municipalities. As Denmark increasingly prioritizes modern and efficient IT solutions, the collaboration between Cognizant and KOMBIT promises to set a new benchmark in software testing and quality assurance. &nbsp;
&nbsp;
KOMBIT is vital in providing, administrating, and progressing modern and resilient IT solutions and infrastructure for Denmark's citizens and businesses. With a portfolio encompassing nationwide IT solutions, this agreement aims to centralize the quality assurance and testing of all 26 public service applications under KOMBIT's jurisdiction.
In a joint effort with KOMBIT, Cognizant will initially focus on enhancing all applications' quality standards and operational efficiency. Then, it will implement Testing-as-a-service, which uses advanced automation techniques. Subsequently, it will integrate AI to strengthen capabilities further and streamline processes. This strategic enhancement aims to improve application functionality and expedite time to market while significantly uplifting security infrastructure and user experience.&nbsp;
This partnership introduces a new standard for testing and quality assurance in Denmark. By separating development tasks from testing tasks, the collaboration allows development suppliers to focus on creating, coding, and innovating, while the Cognizant-KOMBIT test team ensures quality, standardization, and optimization. This strategic division aims to address KOMBIT'S challenges of quality and transparency and the desire to shift the budget from testing to development.&nbsp;
Cognizant's involvement from the pre-maturity phase through the lifecycle of the entire solution ensures that quality and test specialists are integral to the process. This proactive engagement extends to preparing future tenders and requests for changes to existing solutions, positioning Cognizant as a critical player in the ongoing development of KOMBIT'S IT infrastructure.&nbsp;
To provide KOMBIT with the best possible experience and team, Cognizant has partnered with TestHuset, an expert in the quality assurance and testing of digital solutions in the Nordic region. TestHuset joins forces with Cognizant, supporting with Danish on-premises experts who complement Cognizant's global team and provide KOMBIT with unparalleled support and expertise.

Cognizant Partners with KOMBIT to Boost IT Solutions Across Denmark's Municipalities

James Faucette, an analyst from Morgan Stanley, maintained the Hold rating on Cognizant (CTSH – Research Report). The associated price target remai...

Cognizant's Stable Growth and Margin Challenges Justify Hold Rating Amid Awaited Catalysts

Needham analyst Mayank Tandon has maintained their neutral stance on CTSH stock, giving a Hold rating today. Mayank Tandon has given his Hold ratin...

Cognizant's Balanced Risk-Reward: Hold Rating Amid Strong Performance and Cautious Growth Outlook

Cognizant (CTSH – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Jason Kupferberg from ...

Cognizant's Balanced Risk/Reward Profile: Solid Q3 Performance Amid Growth Concerns

Baird raised the firm's price target on Cognizant (CTSH) to $80 from $78 and keeps a Neutral rating on the shares. The firm said Q3 revenue/EPS bea...

Cognizant price target raised to $80 from $78 at Baird

Mizuho raised the firm's price target on Cognizant (CTSH) to $84 from $83 and keeps a Neutral rating on the shares following the Q3 report. Publish...

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Tracking Yacktman Asset Management Portfolio - Q3 2024 Update

The cloud computing industry has been experiencing incredible growth owing to its flexible, secure, and cost-effective nature. Thus, investing in fundamentally stable cloud computing stocks, International Business Machines (IBM), Workday (WDAY), and Docebo (DCBO) could be one's ticket to long-term growth. Read on… Cloud computing has significantly reshaped the technological landscape in recent years. <a href="https://edgedelta.com/company/blog/how-many-companies-use-cloud-computing-in-2024#:~:text=Over%2090%25%20of%20companies%20worldwide%20already,use%20cloud%20services%E2%80%94including%20AWS%2C%20Google%2C%20and%20Microsoft.">More than 90% of organizations</a> now rely on cloud services to enhance efficiency and drive innovation. This widespread adoption of cloud technology is fueling a digital revolution, impacting businesses and industries worldwide.
In this dynamic environment, investors have the opportunity to benefit from stocks of three promising cloud computing companies: International Business Machines Corporation (<a href="https://stocknews.com/stock/IBM/">IBM</a>), Workday, Inc. (<a href="https://stocknews.com/stock/WDAY/">WDAY</a>), and Docebo Inc. (<a href="https://stocknews.com/stock/DCBO/">DCBO</a>). These companies are strategically positioned for long-term growth.
The core appeal of cloud computing lies in its flexibility, efficiency, cost-effectiveness, and security. These attributes are why businesses increasingly incorporate cloud services into their operations.
The shift toward remote work has further accelerated the demand for cloud solutions. This is highlighted by a Pew Research Center study as per which <a href="https://www.usatoday.com/money/blueprint/business/hr-payroll/remote-work-statistics/">around 22 million employed adults</a> in the United States, or 14% of the workforce, now work from home full-time, driving the surge in cloud service usage.
The industry's growth prospects remain robust, with global spending on cloud services projected to <a href="https://www.idc.com/getdoc.jsp?containerId=prUS52460024">reach $805 billion in 2024</a>. This figure is expected to double by 2028, underscoring the market's potential.
Additionally, Fortune Business Highlights forecasts the cloud computing market to hit $2.29 trillion by 2032, growing at <a href="https://www.fortunebusinessinsights.com/cloud-computing-market-102697">a CAGR of 16.5%</a>. These projections cement the cloud sector's bright future.
So, let us dive deep into the fundamentals of three cloud computing stocks, starting with #3.
Stock #3: International Business Machines Corporation (<a href="https://stocknews.com/stock/IBM/">IBM</a>)
IBM addresses the hybrid cloud and artificial intelligence (AI) opportunities with a platform-centric approach. It combines technology and business expertise to deliver client value. Its segments include Software; Consulting; Infrastructure; and Financing, focusing on providing comprehensive solutions for businesses across various industries.
On November 6, IBM and Cognizant Technology Solutions Corporation (<a href="https://stocknews.com/stock/CTSH/">CTSH</a>) launched a new <a href="https://newsroom.ibm.com/2024-11-06-cognizant-launches-global-finops-center-of-excellence,-new-solutions-built-with-ibm-technology-to-tackle-enterprise-modernization-challenges">FinOps Center of Excellence (CoE)</a> built on IBM's FinOps software and CTSH's cloud and developer platforms. The partnership is expected to expand IBM's reach in the rapidly evolving financial and cloud sectors, enhancing its reputation as a leader in addressing critical business challenges.
On October 22, IBM unveiled <a href="https://newsroom.ibm.com/2024-10-22-ibm-advances-secure-ai-quantum-safe-technology-with-ibm-guardium-data-security-center">the IBM Guardium Data Security Center</a> to address the emerging risks associated with hybrid cloud, AI, and quantum technologies. The center helps organizations protect data across its lifecycle with unified controls.
The launch could strengthen IBM's position in the data security market, supporting its growth by offering solutions to safeguard businesses against evolving security threats.
For the fiscal 2024 third quarter that ended on September 30, IBM's total revenue increased 1.5% year-over-year to $14.97 billion. Its <a href="https://www.investopedia.com/terms/g/grossprofit.asp">gross profit</a> rose 4.9% from the year-ago value to $8.42 billion.
Additionally, the company's non-GAAP income from continuing operations increased 6.1% year-over-year to $2.16 billion, whereas its non-GAAP EPS from continuing operations grew 4.5% from the prior year's quarter to $2.30.
Analysts expect IBM's revenue and EPS for the fiscal year ending December 2024 to increase 1.6% and 6.2% year-over-year to $62.83 billion and $10.21, respectively. Moreover, the company topped the consensus EPS estimates in all four trailing quarters.
Shares of IBM have surged 25.8% over the past six months and 44.4% over the past year to close the last trading session at $213.72.
IBM's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> mirror its fundamentals. IBM has a B grade for Quality. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
In the 78-stock <a href="https://stocknews.com/category/technology-services/">Technology – Services</a> industry, it is ranked #32. Beyond what is stated above, we've also rated IBM for Growth, Value, Momentum, Stability, and Sentiment. Get all IBM ratings <a href="https://stocknews.com/stock/IBM/">here</a>.
Stock #2: Workday, Inc. (<a href="https://stocknews.com/stock/WDAY/">WDAY</a>)
WDAY offers enterprise cloud applications for finance and human resources. It provides software-as-a-service solutions to approximately 10,000 organizations. This includes empowering their workforce, managing finances and spending, and adapting to changes while planning for future uncertainties in a dynamic business environment.
On November 4, WDAY and Compa, a leading provider of software-delivered market data, partnered to integrate Compa's <a href="https://investor.workday.com/2024-11-04-Workday-and-Compa-Partner-to-Revolutionize-Compensation-with-Real-Time-Data">real-time market intelligence</a> into WDAY. The collaboration helps companies make more informed pay decisions, enabling them to attract and retain top talent. This could enable WDAY to enhance its value in workforce management.
For the fiscal 2025 second quarter ended July 31, 2024, WDAY's total revenues increased 16.7% year-over-year to $2.09 billion. Its non-GAAP operating income rose 23% from the year-ago value to $518 million.
Additionally, the company's net income and non-GAAP net income per share grew 67.1% and 22.4% from the prior year's quarter to $132 million and $1.75, respectively.
Street expects WDAY's revenue and EPS for the fiscal 2025 third quarter (ended October 2024) to increase 14.2% and 14.9% year-over-year to $2.13 billion and $1.76, respectively. Furthermore, the company surpassed the consensus revenue and EPS estimates in each of the four trailing quarters, which is impressive.
WDAY's shares have gained 2.8% over the past six months and 15.3% over the past year, closing the last trading session at $256.54.
WDAY's solid fundamentals are projected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
WDAY has an A grade for Growth and a B for Sentiment and Quality. It is ranked #25 out of 129 stocks in the <a href="https://stocknews.com/category/software-application/">Software – Application</a> industry.
<a href="https://stocknews.com/stock/WDAY/">Click here</a> to access WDAY's ratings for Momentum, Value, and Stability.
Stock #1: Docebo Inc. (<a href="https://stocknews.com/stock/DCBO/">DCBO</a>)
Based in Toronto, Canada, DCBO delivers learning platforms driven by AI and innovation. The company focuses on transforming how enterprises use technology to create and manage content, deliver training, and measure the impact of their learning programs. Its solutions are designed to enhance organizational learning and development strategies.
On October 2, DCBO partnered with TEDAI for the TEDAI Vienna event, serving as <a href="https://docebo.inc/news/news-details/2024/Docebo-Partners-with-TEDAI-Vienna-as-The-Business-Learning-Partner-for-Europes-Inaugural-AI-Conference/default.aspx">the business learning partner</a>. DCBO played a key role in showcasing how enterprises can harness AI to transform workplace learning and development. The collaboration highlights the company's commitment to reshaping the future of work through AI.
For the fiscal 2024 third quarter that ended on September 30, DCBO's revenue increased 19.2% year-over-year to $55.43 million. Its operating income grew 51.7% from the year-ago value to $4.72 million. Plus, the company's adjusted net income and adjusted EPS rose 66.7% and 80% from the prior year's quarter to $8.26 million and $0.27, respectively.
The consensus revenue and EPS estimates of $56.23 million and $0.28 for the fiscal fourth quarter ending December 2024 reflect a year-over-year rise of 14.1% and 12%, respectively. Also, the company surpassed the consensus revenue and EPS estimates in all four trailing quarters.
DCBO's shares have gained 11.9% over the past six months and 19.3% over the past year, closing the last trading session at $51.45.
DCBO's robust prospects are projected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
DCBO has an A grade for Quality and a B for Sentiment and Growth. It is ranked #14 within the Software – Application industry.
<a href="https://stocknews.com/stock/DCBO/">Click here</a> to access DCBO's ratings for Value, Momentum, and Stability.
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<hr />
IBM shares fell $0.12 (-0.06%) in premarket trading Monday. Year-to-date, IBM has gained 34.34%, versus a 27.04% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/ibm-wday-dcbo-ctsh-3-cloud-computing-stocks-perfect-for-long-term-growth/>3 Cloud Computing Stocks Perfect for Long-Term Growth</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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