May 26, 2020

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Eye Catching News: Cognizant Technology Solutions Corporation (NASDAQ:CTSH)

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 Cognizant Technology Solutions Corporation (NASDAQ:CTSH) spotted trading -28.03% off 52-week high price. On the other end, the stock has been noted 5.75% away from the low price over the last 52-weeks. The stock changed 0.93% to recent value of $59.99. The stock transacted 10899414 shares during most recent day however it has an average volume of 5089.57K shares. The company has 573M of outstanding shares and 566.3M shares were floated in the market.

Cognizant (NASDAQ:CTSH) reported that it has been named a Leader in the new Everest Group 2019 PEAK Matrix™ report for Application Automation Services.

In the report, Application Automation Services PEAK Matrix™ Assessment and Market Trends 2019: AI Alone Won’t Help – Align Strategy to Realize Benefits, Everest Group assessed the capabilities of 19 service providers. The report criteria included market adoption, portfolio, value, services, strategy, innovation and investments.  Cognizant’s AI-driven automation processes and predictive analytics help clients lower costs, improve accuracy and optimize application performance and maintenance for better user experiences.

Everest Group credits Cognizant for a strategic vision and approach that implements automation based on specific use-cases, and leverages an orchestrated ecosystem of AI and automation solutions. The company was also recognized as a Leader for its investment in fostering partnerships by identifying niche players to enhance its existing offering portfolio. Cognizant received commendation for its business-impact-oriented messaging and its strong thought leadership to demonstrate capabilities and engage with clients.

Yugal Joshi, Vice President, IT Services, Everest Group said “With AI-infused automation raising enterprise confidence and expectations, Cognizant has augmented its in-house tools and platforms by fostering partnerships with niche players. Thought leadership and business-oriented propositions have also helped Cognizant to steer clients toward value realization”.

K.S. Ganesan, Vice President & Global Technology Leader, Digital Systems and Technology, Cognizant said “As consumer expectations for technology continue to rise, IT organizations must be armed with the tools they need to meet this increasing demand in a digital-first world”. “The foundation of digital transformation is built on modern IT platforms that are agile, efficient and enable rapid innovation. By understanding how quickly IT evolves and creating innovative solutions with advanced automation, we’re better able to meet the needs of today’s digital businesses.”

Its earnings per share (EPS) expected to touch remained 0.70% for this year while earning per share for the next 5-years is expected to reach at 5.99%. CTSH has a gross margin of 38.70% and an operating margin of 16.20% while its profit margin remained 12.40% for the last 12 months.

According to the most recent quarter its current ratio was 2.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of -7.23% from the mean of 20 days, -13.55% from mean of 50 days SMA and performed -15.44% from mean of 200 days price. Company’s performance for the week was 5.47%, -15.91% for month and YTD performance remained -5.50%.

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