Cognizant Tech Solns: Q2 Earnings Insights


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Shares of Cognizant Tech Solns (NASDAQ:CTSH) rose 3.43% in after-market trading after the company reported Q2 results.

Quarterly Results

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Earnings per share were down 12.77% over the past year to $0.82, which beat the estimate of $0.69.

Revenue of $4,000,000,000 declined by 3.40% year over year, which beat the estimate of $3,830,000,000.

Outlook

The upcoming fiscal year's EPS expected to be between $3.48 and $3.58.

The upcoming fiscal year's revenue expected to be between $16,400,000,000 and $16,700,000,000.

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Recent Stock Performance

Company's 52-week high was at $71.48

52-week low: $40.01

Price action over last quarter: Up 21.62%

Company Description

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.


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Posted In: Earnings