Recent exceptional negative changes in investment behavior have affected Cognizant Technology Solutions C (NASDAQ: CTSH): negative upside/downside volume developed, its shorter term price trend turned down, and the stock fell on very heavy volume.
Cognizant Technology Solutions C (NASDAQ: CTSH) suffers from small negative changes in fundamentals: significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above 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 (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Cognizant Technology Solutions C has a neutral Appreciation Score of 45 but a good Power Rating of 78, producing the High Neutral Value Trend Rating.
Recent Price Action
Cognizant Technology Solutions C (NASDAQ: CTSH) stock closed at $73.29 on 3/28/24 after a slight decline of -0.4%. Moreover, this decline was accompanied by exceptionally high trading volume at 240% of normal. The stock has declined -2.5% during the last week but has been strong relative to the market over the last nine months.
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