Alert: New Earnings Report (10/30/24)-Cognizant Technology Solutions C (NASDAQ: CTSH).

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Cognizant Technology Solutions C (NASDAQ: CTSH) has reported E.P.S. of $1.17 for its third fiscal quarter (ending September 30) versus $1.04 for the same period a year ago — an increase of 12%. For the latest four quarters through September 30, E.P.S. were $4.53 versus $4.12 for the same period a year ago — an increase of 10%.

Recent Price Action

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Cognizant Technology Solutions C (NASDAQ: CTSH) stock declined modestly by -1.5% on 10/30/24. The stock closed at $74.35. Trading volume in this decline was normal. The stock has performed in line with the market over the last nine months and has declined -1.9% during the last week.

Current PriceTarget Research Rating

With future capital returns forecasted to exceed the cost of capital, CTSH is expected to continue to be a major Value Builder.

Cognizant Technology Solutions C has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Cognizant Technology Solutions C has a neutral Power Rating of 48 and a neutral Appreciation Score of 47, triggering the Low Neutral Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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