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CTSH

Cognizant

$77.77

1.11 (1.45%)

15:51
08/29/18
08/29
15:51
08/29/18
15:51

Cognizant opens technology, service delivery center in Irving, Texas

Cognizant opened its newest U.S. regional technology and service delivery center in Irving, Texas. The opening follows a November 2017 announcement by Texas Governor Greg Abbott on the company's plan to invest more than $8M to expand in Irving and create 1,100 new jobs by 2023. The new positions are full-time jobs for high-skilled technology and business professionals, the company said. Staff in the new 50,000 sq. ft. Irving facility will provide a variety of services for Cognizant's Dallas-area clients in various industries, including insurance, healthcare and retail.

  • 12

    Sep

  • 16

    Nov

CTSH Cognizant
$77.77

1.11 (1.45%)

08/02/18
BREN
08/02/18
NO CHANGE
Target $90
BREN
Buy
Cognizant earnings selloff an overreaction, says Berenberg
Berenberg analyst Georgios Kertsos views the post-earnings selloff in shares of Cognizant as an overreaction. The analyst believes the "sharp margin recovery" in the quarter is the key takeaway. He continues to expect management to meet its fiscal 2019 EBIT margin guidance of 22%, and believes this is not currently priced into the stock. Kertsos keeps a Buy rating on Cognizant with a $90 price target.
08/02/18
BARD
08/02/18
NO CHANGE
Target $90
BARD
Outperform
Cognizant move down after earnings 'a little much,' says Baird
Baird analyst David Koning noted that Cognizant's after Q2 revenue and Q3 guidance were below consensus, but he also notes that its 2018 revenue guidance was reiterated and its EPS guidance slightly raised. He feels the 7% move lower is "a little much" and believes the valuation seems attractive at current levels. Koning, who thinks 10%-15% EPS growth seems likely for Cognizant over the next few years, keeps an Outperform rating and $90 price target on the stock.
08/14/18
JPMS
08/14/18
DOWNGRADE
Target $87
JPMS
Neutral
Cognizant downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Tien-tsin Huang downgraded Cognizant Technology Solutionsto Neutral while raising his price target for the shares to $87 from $86.
08/14/18
JPMS
08/14/18
NO CHANGE
JPMS
JPMorgan upgrades Conduent, downgrades Cognizant and Genpact
JPMorgan analyst Tien-tsin Huang rebalanced his ratings in the IT/BPO Services sector while establishing 2019 price targets. Analyst Puneet Jain upgraded Conduent (CNDT) to Overweight from Neutral with a $24 price target. Jain is more confident that the company's turnaround can unlock earnings power based on first half of 2018 results. He recommends the stock along with DXC Technology (DXC) "among legacy IT services firms in transition." Huang downgraded Cognizant Technology Solutions to Neutral from Overweight saying there is "less margin for error at this point of its turnaround to expand margins and drive revenue growth." The analyst also downgrades Genpact (G) to Underweight from Neutral saying the company ranks at the bottom in terms of price target upside with only 9% upside. Further, the company faces the "burden of higher revenue growth expectations when a wait-and-see approach seems more prudent to us before assigning a higher target multiple," Huang tells investors in a research note.

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