Latest news with #CTSH
Reuters
13 hours ago
- Business
- Reuters
Cognizant to invest $183 million for new India campus, add 8,000 jobs
BENGALURU, June 20 (Reuters) - Software services firm Cognizant Technology Solutions (CTSH.O), opens new tab will invest 15.82 billion rupees ($182.76 million) to build a new campus in south Indian city of Vishakapatanam that will create about 8,000 jobs, the state government announced on Friday. Commercial operations will begin in March 2029, an Andhra Pradesh government press release said. Cognizant did not immediately respond to a request for comment. The announcement comes just months after India's top IT firm, Tata Consultancy Services ( opens new tab, unveiled plans for 13.70 billion rupee campus, opens new tab in the same city, and is expected generate 12,000 jobs. The move aligns with Cognizant's strategy to optimise real estate costs. In May 2023, Chief Executive Ravi Kumar S said the company would relinquish 11 million square feet of office space globally, mainly in India's largest cities, while investing in tier-2 Indian cities. Globally, IT companies, including those in India's $283 billion sector, are taking cost-cutting measures such as monetising real estate assets and delaying wage increases amid demand uncertainty. Last month, the Teaneck, New Jersey-based company raised its annual revenue forecast and beat first-quarter results driven by increased demand for AI-powered IT services. Cognizant expects 2025 annual revenue between $20.5 billion and $21.0 billion, compared to previous outlook of the midpoint of $20.30 billion to $20.80 billion. ($1 = 86.5625 Indian rupees)
Yahoo
07-06-2025
- Business
- Yahoo
Cognizant may have renewed $1B deal with UnitedHealth, Mint says
Cognizant's (CTSH) president for the Americas region said while presenting at a fireside chat on Tuesday that the company had won a deal worth 'approximately a billion dollars,' notes Mint's Jas Bardia, who adds that Mint has learnt from people with knowledge of the matter that the statement indicates Cognizant might have renewed its partnership with UnitedHealth (UNH). Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on CTSH: Disclaimer & DisclosureReport an Issue Cognizant Announces Leadership Transition with New CAO Netflix, Reddit downgraded: Wall Street's top analyst calls Cognizant upgraded to Overweight from Neutral at JPMorgan Cognizant's Strategic Positioning and Growth Prospects Drive Buy Rating Cognizant's Strategic Growth and Stability: Buy Rating Despite Macroeconomic Challenges
Yahoo
04-06-2025
- Business
- Yahoo
Why Cognizant (CTSH) is a Top Value Stock for the Long-Term
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike. Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum. Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and discounted stocks. Headquartered in Teaneck, NJ, Cognizant Technology Solutions Corporation is a leading professional services company. The company was spun off from Dun & Bradstreet in 1996 and went public in 1998. CTSH sits at a Zacks Rank #2 (Buy), holds a Value Style Score of B, and has a VGM Score of B. Compared to the Computers - IT Services industry's P/E of 19.7X, shares of Cognizant are trading at a forward P/E of 15.8X. CTSH also has a PEG Ratio of 1.8, a Price/Cash Flow ratio of 13.7X, and a Price/Sales ratio of 2X. A company's earnings performance is important for value investors as well. For fiscal 2025, seven analysts revised their earnings estimate higher in the last 60 days for CTSH, while the Zacks Consensus Estimate has increased $0.10 to $5.08 per share. CTSH also holds an average earnings surprise of 6.4%. CTSH should be on investors' short lists because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cognizant Technology Solutions Corporation (CTSH) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
Here's Why Cognizant (CTSH) is a Strong Value Stock
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike. Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum. Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and discounted stocks. Headquartered in Teaneck, NJ, Cognizant Technology Solutions Corporation is a leading professional services company. The company was spun off from Dun & Bradstreet in 1996 and went public in 1998. CTSH boasts a Value Style Score of B and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Shares of Cognizant are trading at a forward earnings multiple of 16.1X, as well as a PEG Ratio of 1.9, a Price/Cash Flow ratio of 13.9X, and a Price/Sales ratio of 2X. Value investors don't just pay attention to a company's valuation ratios; positive earnings play a crucial role, too. Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.08 to $5.06 per share. CTSH has an average earnings surprise of 6.4%. Investors should take the time to consider CTSH for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cognizant Technology Solutions Corporation (CTSH) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Business Insider
01-05-2025
- Business
- Business Insider
Cognizant (CTSH) Receives a Hold from Mizuho Securities
In a report released today, Sean Kennedy from Mizuho Securities reiterated a Hold rating on Cognizant (CTSH – Research Report), with a price target of $87.00. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Kennedy is an analyst with an average return of -28.0% and a 7.69% success rate. Kennedy covers the Technology sector, focusing on stocks such as Cognizant, Epam Systems, and Genpact. In addition to Mizuho Securities, Cognizant also received a Hold from J.P. Morgan's Tien Tsin Huang in a report issued yesterday. However, on April 28, Barclays maintained a Buy rating on Cognizant (NASDAQ: CTSH). CTSH market cap is currently $35.78B and has a P/E ratio of 16.10. Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CTSH in relation to earlier this year. Last month, Michael Patsalos-Fox, a Director at CTSH sold 3,225.00 shares for a total of $253,839.75.
