For its first fiscal quarter (ending March 31), Cognizant Technology Solutions C (NASDAQ: CTSH) has reported a -4% decline in E.P.S. from $1.14 a year ago to $1.10 in the current quarter. This result fell short of the consensus estimate of $1.18 by $-0.09. For the latest four quarters through March 31, E.P.S. were $4.18 compared to $4.49 a year ago — a decline of -7%.
Recent Price Action
On 5/1/24, Cognizant Technology Solutions C (NASDAQ: CTSH) stock declined slightly by -0.5%, closing at $65.37. Trading volume in this decline was normal. The stock has performed in line with the market over the last nine months and has declined -3.5% during the last week.
Current PriceTarget Research Rating
CTSH is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Cognizant Technology Solutions C has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Cognizant Technology Solutions C has a neutral Appreciation Score of 48 and a neutral Power Rating of 56, resulting in the 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.
Be the first to comment