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Published: Fri, February 10, 2017
Economy | By Melissa Porter

Significant Tech Move: Cognizant Technology Solutions Corporation's (CTSH)


According to Finviz reported data, the stock now has Earnings per Share (EPS) (ttm) of $2.1. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.

ABB Ltd (NASDAQ:ABB) ABB: 23.45 +0.08 (0.34%) headquartered in Zurich, Switzerland, is set to announce fourth quarter earning results on Wednesday 8th February 2017, . Now the stock price is moving -10.72% off from the highest level of twelve months and +24.23% above from twelve months low.

Quarterly GAAP diluted EPS was $0.68, compared to $0.69 in the year-ago quarter.

In the current quarter, Cognizant forecast revenue of $3.53 billion at the midpoint of its guidance range, above consensus estimates of $3.49 million.

Earnings per share (ttm) for Cognizant Technology Solutions Corporation (NASDAQ:CTSH) according to Finviz Data is $2.56. Cognizant's board has also approved a plan to return $3.4 billion to shareholders over the next two years through a combination of share repurchases and dividends. And a quick view of analyst notes show that 17 are rating the stock a buy while 7 rate CTSH a strong buy. GAAP net income was $416 million, or $0.68 per diluted share, compared to $424 million, or $0.69 per diluted share, in the fourth quarter of 2015. The company has experienced volume of 20,594,800 shares while on average the company has a capacity of trading 6.58M share. Cognizant Technology Solutions Corporation has a consensus rating of Buy and an average price target of $64.97.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) opened at 52.76 on Tuesday. The Company has 52-week high of $63.23 and 52-week low of $45.44. The Stock now has a Weekly Volatility of 2.80% and Monthly Volatility of 2.08%.

The company's consensus rating on Reuter's scale has slipped from 2.06 to 2.06 during a month.

Cognizant Technology Solutions delivers high-quality, cost-effective, full life cycle solutions to complex software development and maintenance problems that companies face as they transition to e-business. "I am confident that we are well-positioned to drive long-term shareholder value as we continue investing in exciting new areas of growth for Cognizant and our clients around the world".

The stock volatility for week was 2.80% while for month was 2.08%.The stock, as of last close, traded 24.23% to its 52 week low and was changed -10.72% from its 52 week high. Wall Street is only getting more bullish on the stock, with 23 of analysts who cover CTSH having a buy-equivalent rating. The average true range of the stock is observed at 1.15 and the relative strength index of the stock is recorded at 41.89. The median one-year price target of 32 analysts covering the company is $65.00, which suggests the stock could still rise over 19 percent. Year-to-date (YTD) performance of the stock illustrate upbeat trend of 0.75%.

The company shows its Return on Assets (ROA) value of 11.9%.

The stock's price switched up -3.04% 20-Days Simple Moving Average, dropped -3.52% from 50-Days Simple Moving Average and fell -4.88% from 200 Days Simple Moving Average. Its price to free cash flow for trailing twelve months is 22.87 and Current ratio for most recent quarter of 3.60.

Cognizant expects adjusted profit for the first quarter to be at least 83 cents per share, below estimates of 86 cents.

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