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Fly News Breaks for February 26, 2020
CTSH
Feb 26, 2020 | 15:54 EDT
Morgan Stanley analyst James Faucette resumed coverage of Cognizant with an Underweight rating and $59 price target, stating that he sees challenges to the company's execution, particularly given the company's new focus on revenue growth. Cognizant's multi-faceted turnaround plan likely limits optionality around M&A and other strategic decisions, Faucette said.
News For CTSH From the Last 2 Days
CTSH
Jul 5, 2022 | 05:16 EDT
Cognizant announced that it has been selected as a strategic technology provider by National Insurance Company Limited, or NICL, to accelerate and help manage its digital transformation. NICL is one of India's public sector general insurance companies. NICL awarded the multi-year mandate to Cognizant to elevate its technology roadmap, help manage its centralized web-based core insurance solution comprising of multiple applications, underlying technology infrastructure and security, and provide consulting services, among other things. Cognizant will also support NICL's technology roadmap by leveraging digital technologies such as artificial intelligence, machine learning, automation, and microservices-based architecture.