Short interest for Cognizant Tech Solns gives investors a sense of the degree to which investors are betting on the decline of Cognizant Tech Solns's stock. Short interest data is updated every two weeks.

Cognizant Tech Solns Stock (NASDAQ:CTSH), Short Interest Report

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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The analysis screened S&amp;P 500 stocks that show an inverse correlation to Nvidia over a month and year period, following Nvidia&#39;s stock falling into correction territory for the second time this month.

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Cognizant Technology Solutions (NASDAQ: CTSH) expansion into the retail industry is gaining momentum, driven by an expanding partner base.

Cognizant (CTSH) Boosts Retail Sector With Latest Partnership

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Cognizant unveils Advanced AI Lab in San Francisco, aiming to drive innovation in AI technologies and forge industry leadership.

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Cognizant Technology Solutions Corporation - Class A Common Stock

Cognizant Technology Solutions Corp

Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) has outperformed the market over the past 20 years by 5.54% on an annualized basis producing an average annual return of 13.6%. Currently, Cognizant Tech Solns has a market capitalization of $33.08 billion. 
Buying $1000 In CTSH: If an investor had bought $1000 of CTSH stock 20 years ago, it would be worth $12,248.75 today based on a price of $66.54 for CTSH at the time of writing.
<h3>Cognizant Tech Solns's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715099505_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 20 Years Ago Would Be Worth $12,000 Today

JP Morgan analyst Tien-Tsin Huang maintains Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) with a Neutral and lowers the price target from $81 to $74.

Price Target

Analyst Ratings

JP Morgan Maintains Neutral on Cognizant Tech Solns, Lowers Price Target to $74

BMO Capital analyst Keith Bachman maintains Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) with a Market Perform and raises the price target from $77 to $78.

BMO Capital Maintains Market Perform on Cognizant Tech Solns, Raises Price Target to $78

Wedbush analyst Moshe Katri reiterates Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) with a Outperform and maintains $85 price target.

Reiteration

Wedbush Reiterates Outperform on Cognizant Tech Solns, Maintains $85 Price Target

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

Susquehanna Maintains Neutral on Cognizant Tech Solns, Lowers Price Target to $78

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.

Needham Reiterates Hold on Cognizant Tech Solns

WIIM

Cognizant Technology Solutions shares are trading higher after the company reported better-than-expected Q1 financial results and issued guidance.

Guidance

Cognizant Technology Solution Sees FY24 Adj. EPS $4.50-$4.68; Revenue $18.9B-$19.7B

Cognizant Technology Solution Sees Q2 2024 Revenue $4.75B-$4.82B Vs $4.821B Est.

Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) reported quarterly earnings of $1.12 per share which beat the analyst consensus estimate of $1.11 by 0.9 percent. The company reported quarterly sales of $4.800 billion which beat the analyst consensus estimate of $4.718 billion by 1.75 percent. This is a 0.25 percent decrease over sales of $4.812 billion the same period last year.

Earnings

Earnings Beats

Cognizant Tech Solns Q1 2024 Adj EPS $1.12 Beats $1.11 Estimate, Sales $4.800B Beat $4.718B Estimate

BMO Capital analyst Keith Bachman maintains Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) with a Market Perform and lowers the price target from $85 to $77.

BMO Capital Maintains Market Perform on Cognizant Tech Solns, Lowers Price Target to $77

Cognizant (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) today announced a five-year strategic partnership with Telstra as part of the Australian telecommunications and technology company&#39;s strategy for growth. Cognizant will introduce new ways of working to accelerate Telstra&#39;s software engineering and IT capabilities and leverage modern technologies, such as artificial intelligence (AI) to drive innovation and improve operational efficiency.
The strategic partnership seeks to accelerate Telstra&#39;s technology outcomes with Cognizant implementing modern product engineering practices that will enable Telstra to further improve its customer experience and speed to market. Leveraging its global capabilities, Cognizant will support Telstra&#39;s strategy to enable more efficient software engineering and IT&nbsp;operations and decommission legacy systems. Moreover, the strategic partnership aims to support employee experience by building a superior engineering experience, further fostering a modern and innovative culture within Telstra.

Cognizant Earlier Announced Five-Year Strategic Partnership With Telstra To Enhance Software Engineering, Leverage AI For Innovation And Efficiency

Barclays analyst Ramsey El-Assal maintains Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) with a Equal-Weight and lowers the price target from $80 to $75.

Barclays Maintains Equal-Weight on Cognizant Tech Solns, Lowers Price Target to $75

Analysts' ratings for Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) over the last quarter vary from bullish to bearish, as provided by 7 analysts.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved 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;">6</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;">1</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>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</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;">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>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $79.43, along with a high estimate of $85.00 and a low estimate of $70.00. A 1.7% drop is evident in the current average compared to the previous average price target of $80.80. 
<img src="https://www.benzinga.com/files/images/story/2024/1713808875_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A comprehensive examination of how financial experts perceive Cognizant Tech Solns is derived from recent analyst actions. The following is a detailed summary of 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>Ashwin Shirvaikar</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$82.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>James Friedman</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$80.00</td>
<td>$87.00</td>
</tr>
<tr>
<td>David Togut</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$70.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Jonathan Lee</td>
<td>Guggenheim</td>
<td>Announces</td>
<td>Neutral</td>
<td>$80.00</td>
<td>-</td>
</tr>
<tr>
<td>Daniel Perlin</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$77.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>Keith Bachman</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$85.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Dan Dolev</td>
<td>Mizuho</td>
<td>Announces</td>
<td>Neutral</td>
<td>$82.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Cognizant Tech Solns. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Cognizant Tech Solns compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Cognizant Tech Solns's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Cognizant Tech Solns's market standing. Stay informed and make data-driven decisions with 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>All You Need to Know 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>Cognizant Tech Solns: Delving into Financials</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Cognizant Tech Solns's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -1.67%. This indicates a decrease in the company's 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: Cognizant Tech Solns's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 11.73%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 4.27%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Cognizant Tech Solns's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 3.05%, the company showcases efficient use of assets and strong financial health.
Debt Management: Cognizant Tech Solns's debt-to-equity ratio is below the industry average. With a ratio of 0.1, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: Simplified</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Unveiling 7 Analyst Insights On Cognizant Tech Solns

Citigroup analyst Ashwin Shirvaikar maintains Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) with a Buy and lowers the price target from $90 to $82.

Citigroup Maintains Buy on Cognizant Tech Solns, Lowers Price Target to $82

Cognizant (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) and Microsoft Corp. announced an expanded partnership with the goal of making Microsoft's generative AI and Copilots available to millions of&nbsp;users, to transform enterprise business operations, enhance employee experiences and accelerate cross-industry innovation.
Cognizant, a leader in digital transformation services, operates at the intersection of industry and technology, and in conjunction with Microsoft's advanced generative AI and Copilots, the combined strength of this partnership has the potential to deliver substantial innovation for enterprise customers, contributing to the projected $1 trillion[1] that AI is expected to inject into U.S. GDP over the next ten years. This partnership also has the potential to significantly accelerate AI adoption and innovation in India. AI is expected to add USD 450–500 billion to India's GDP by 2025, accounting for 10% of the country's USD 5 trillion GDP target.
As part of the partnership, Cognizant purchased 25,000 Microsoft 365 Copilot seats for Cognizant associates, along with 500 Sales Copilot seats and 500 Services Copilot seats to enhance productivity, streamline workflows and transform customer experiences. In addition, Cognizant will work to deploy Microsoft 365 Copilot to a million users within their global 2000 clients and across 11 industries. Through Cognizant's <a href="https://www.cognizant.com/us/en/about-cognizant/esg/synapse">Synapse</a> skilling program, 35,000 Cognizant developers have been trained on Github Copilot, with an additional 40,000 developers slated to receive training.

Cognizant and Microsoft Announce Global Partnership to Expand Adoption of Generative Ai in the Enterprise, and Drive Industry Transformation

Six S&amp;P 500 stocks often experience a surge when shares of Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) take a dip, an analysis by CNBC revealed.
What Happened: The six U.S.-listed stocks that typically see a rise when Nvidia&#8217;s shares falter include Jack Daniel's distiller Brown-Forman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>), gaming giant Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), health products manufacturer Henry Schein, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSIC#NASDAQ">HSIC</a>), software outsourcing behemoth Cognizant Technology Solutions Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>), pet care company Zoetis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>), and securities exchange Cboe Global Markets, Inc. (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>), CNBC <a href="https://www.cnbc.com/2024/04/19/here-are-the-6-stocks-that-rise-when-nvidia-shares-fall.html">reported</a> on Thursday.
The Pearson correlation coefficient, a measure of linear correlation between two variables, was used in the analysis to determine the relationship between the stock prices. The analysis screened S&amp;P 500 stocks that show an inverse correlation to Nvidia over a month and year period, following Nvidia&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38177926/whats-next-for-nvidia-as-stock-enters-correction-zone-munster-singles-out-crucial-q">stock falling into correction territory</a> for the second time this month. 
Some technical analysts have suggested that it might be time for investors to offload Nvidia too. Katie Stockton of Fairlead Strategies noted that chart patterns suggest a deeper pullback might be on the horizon "just in time for the seasonal adage of ‘sell in May, and go away' to manifest itself in investor behavior." 
See Also: <a href="https://www.benzinga.com/news/24/04/38286752/elon-musk-reacts-as-marc-andreessen-says-google-is-literally-run-by-employee-mobs-with-chinese-spies?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts As Marc Andreessen Says Google Is &#8216;Literally Run By Employee Mobs&#8217; With &#8216;Chinese Spies&#8217;</a>
Adam Parker of Trivariate Research also listed eight steady growth stocks that could replace Nvidia if investors are worried about overexposure.
Why It Matters: Nvidia&#8217;s stock has been in the spotlight recently. In April, Evercore ISI predicted that <a href="https://www.benzinga.com/markets/equities/24/04/38306414/nvidia-stock-could-see-81-upside-by-2025-says-evercore-isi-only-in-the-beginning-phases-of-gener">Nvidia&#8217;s stock could surge by 81% by 2025</a>, suggesting that the company was only in the initial stages of generating outsized returns. 
However, the stock has been under pressure due to concerns over rising interest rates and a slew of corporate earnings reports. This led to <a href="https://www.benzinga.com/top-stories/24/04/38313015/nvidia-etfs-take-center-stage-as-bears-bulls-duke-it-out-with-8-14-swings">significant swings in Nvidia ETFs</a> as bulls and bears battled it out. 
As of Thursday, Nvidia&#8217;s stock closed at $846.71, marking an increase of 0.76% from the previous close. The stock&#8217;s 52-week high and low are $974 and $262.25 respectively, indicating significant fluctuations in the stock&#8217;s performance.
Read Next: <a href="https://www.benzinga.com/news/24/04/38111017/tesla-ceo-elon-musk-disagrees-with-nvidias-jensen-huang-that-anyone-can-make-their-own-neural-networ?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Disagrees With Nvidia&#8217;s Jensen Huang That Anyone Can Make Their Own Neural Network: &#8216;It&#8217;s Insanely Hard&#8217;</a>
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Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) has outperformed the market over the past 20 years by 5.29% on an annualized basis producing an average annual return of 13.2%. Currently, Cognizant Tech Solns has a market capitalization of $34.89 billion. 
Buying $1000 In CTSH: If an investor had bought $1000 of CTSH stock 20 years ago, it would be worth $11,552.97 today based on a price of $70.09 for CTSH at the time of writing.
<h3>Cognizant Tech Solns's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712939422_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Cognizant Tech Solns 20 Years Ago Would Be Worth This Much Today

Cognizant Technology Solutions (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctsh#NASDAQ">CTSH</a>) expansion into the retail industry is gaining momentum, driven by an expanding partner base. It recently announced a partnership with two tech giants Shopify (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shop#NYSE">SHOP</a>) and Alphabet&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) cloud division, Google Cloud to drive digital transformation and platform modernization for global retailers and brands. 
By combining Shopify&#39;s renowned commerce platform, Alphabet&#39;s cloud business, Google Cloud&#39;s robust infrastructure and Cognizant&#39;s expertise in retail advisory and technology implementation, the partnership is poised to drive significant advancements in customer experiences, global scalability and commerce platform modernization. 
The primary objective of this partnership is to address the essential requirements for retailers to adopt new technologies, such as generative AI, to meet the evolving consumer demands for real-time recommendations, personalized shopping assistance and tailored offers. 
Utilizing Shopify&#39;s commerce operating system on Google Cloud infrastructure, supported by Cognizant&#39;s guidance and implementation skills, brands can initiate transformative journeys that drive actual business value and improve customer experience across diverse retail landscapes.
<div class="chart_embed">
<h3>Cognizant Technology Solutions Corporation Price and Consensus</h3>
<a href="https://www.zacks.com/stock/chart/CTSH/price-consensus-chart?icid=chart-CTSH-price-consensus-chart" style="font-size: 13px;"><img alt="Cognizant Technology Solutions Corporation Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/8c/1712755802.png" style="height:285px; width:620px" title="" /></a>
Cognizant Technology Solutions Corporation price-consensus-chart | Cognizant Technology Solutions Corporation Quote
</div>
<h3>Cognizant&#39;s Prospects Rides on Expanding Clientele</h3>
The latest move is in sync with Cognizant&#39;s commitment to drive digital transformation in the retail sector through advanced technology and tailored solutions. 
Cognizant&#39;s expanding clientele has been a major growth driver. In addition to Shopify and Alphabet, Cognizant also recently collaborated with McCormik &amp; Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mkc#NYSE">MKC</a>), LexisNexis and NVIDIA (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>). 
Cognizant recently announced a partnership with McCormik &amp; Company to manage global technological infrastructure through AI-driven tools to improve user experiences, productivity and cost savings, thereby advancing McCormick&#39;s digital transformation journey. 
In March, Cognizant announced a multi-year extension of its agreement with LexisNexis Legal &amp; Professional, focusing on improving Lexis+ legal research solutions through cloud and digital engineering services. 
Cognizant&#39;s partnership with NVIDIA further bolstered its presence within the healthcare sector. 
Cognizant teamed with NVIDIA to apply gen-AI technology to transform drug discovery, aiming to accelerate development, reduce costs and improve patients&#39; outcomes while expanding into other sectors such as manufacturing and automotive industries. 
However, Cognizant&#39;s shares have declined 5.3% against the Zacks Computer &amp; Technology sector&#39;s rise of&nbsp; 11.7% year to date. 
The challenging macroeconomic environment, along with weakness in the Financial Services segment, has been a concern for CTSH&#39;s prospects. 
This Zacks Rank #4 (Sell) company expects first-quarter 2024 revenues to be between $4.68 billion and $4.76 billion, indicating a decline of 2.7% to 1.2%. 
The Zacks Consensus Estimate for the first quarter is pegged at $4.72 billion, indicating a year-over-year decline of 1.89%. 
The consensus mark for earnings is pegged at $1.11 per share, unchanged in the past 30 days.
<a href="https://www.zacks.com/stock/news/2253484/cognizant-ctsh-boosts-retail-sector-with-latest-partnership?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2253484">To read this article on Zacks.com click here.</a>

Alliance combines the strength of Shopify&#39;s leading commerce platform with Google Cloud&#39;s leading AI-infrastructure and delivery by Cognizant&#39;s retail technology experts

GOOG

Cognizant Enters Strategic Alliance With Shopify And Google Cloud To Transform Enterprise Retail

Barclays analyst Ramsey El Assal maintained a Hold rating on Cognizant (CTSH – Research Report) today and set a price target of $75.00. The company...

Barclays Reaffirms Their Hold Rating on Cognizant (CTSH)

Analyst James Faucette from Morgan Stanley maintained a Hold rating on Cognizant (CTSH – Research Report) and increased the price target to $65.00 ...

Cognizant: A Balanced Outlook Amid Market Pressures Justifies Hold Rating

RBC Capital analyst Daniel Perlin maintained a Hold rating on Cognizant (CTSH – Research Report) yesterday and set a price target of $77.00. The co...

Cognizant (CTSH) Receives a Hold from RBC Capital

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: A Hold Rating Amidst Stability and Subdued Growth Prospects

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In a report released today, Ramsey El Assal from Barclays maintained a Hold rating on Cognizant (CTSH – Research Report), with a price target of $7...

Accenture: The Pessimism May Be A Little Overdone

Analysts fell to the sidelines weighing in on Cognizant (CTSH – Research Report), MongoDB (MDB – Research Report) and Palantir Technologies (PLTR –...

Wall Street Analysts Are Neutral on Top Technology Picks

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Press Releases

Cognizant Teams with Shopify and Google Cloud To Transform Enterprise Retail

Cognizant Schedules First Quarter 2024 Earnings Release and Conference Call

Cognizant Has Awarded $70 Million to Advance Globally Diverse Communities

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Cognizant and FICO Partner to Help Banks Prevent Real-Time Payments Fraud

Cognizant and Microsoft Announce Global Partnership to Expand Adoption of Generative AI In the Enterprise, And Drive Industry Transformation

Congruent Solutions Appoints Mahesh Natarajan as Chief Revenue Officer

Cognizant's Bluebolt Program Delivers More Than $150M in Estimated Annualized Cost Savings for Enterprises

Cognizant enters into a strategic partnership with Telstra to elevate software engineering capabilities and enhance customer experience

COGNIZANT REPORTS FIRST QUARTER 2024 RESULTS

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Cognizant Tech Solns Stock (NASDAQ:CTSH), Short Interest Report

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