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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Cognizant Technology Solutions    CTSH

COGNIZANT TECHNOLOGY SOLUTIONS

(CTSH)
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Cognizant: 2Q Earnings Snapshot

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07/31/2019 | 04:18pm EDT

TEANECK, N.J. (AP) _ Cognizant Technology Solutions Corp. (CTSH) on Wednesday reported second-quarter profit of $509 million.

The Teaneck, New Jersey-based company said it had net income of 90 cents per share. Earnings, adjusted for non-recurring costs, were 94 cents per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share.

The information technology consulting and outsourcing firm posted revenue of $4.14 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $4.13 billion.

Cognizant shares have risen nearly 3% since the beginning of the year, while the Standard & Poor's 500 index has increased 19%. In the final minutes of trading on Wednesday, shares hit $65.29, a fall of 20% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTSH at https://www.zacks.com/ap/CTSH

Automated Insights, source Associated Press News

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Financials (USD)
Sales 2019 16 696 M
EBIT 2019 2 807 M
Net income 2019 2 107 M
Finance 2019 2 840 M
Yield 2019 1,30%
P/E ratio 2019 16,5x
P/E ratio 2020 14,5x
EV / Sales2019 1,87x
EV / Sales2020 1,73x
Capitalization 34 132 M
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Technical analysis trends COGNIZANT TECHNOLOGY SOLUT
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TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 31
Average target price 69,88  $
Last Close Price 61,80  $
Spread / Highest target 34,3%
Spread / Average Target 13,1%
Spread / Lowest Target -2,91%
EPS Revisions
Managers
NameTitle
Francisco D'Souza Vice Chairman & Chief Executive Officer
Rajeev Mehta President
Michael Patsalos-Fox Chairman
Srinivasan Veeraraghavachary Chief Operating Officer
Karen McLoughlin Chief Financial Officer
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