Market Update: Cognizant Technology Solutions Corporation (NASDAQ:CTSH) – Cognizant Misses Q1 Guidance As Q4 EPS Beats; Xerox BPO Lurks

[at Investor’s Business Daily] – Highly rated business process outsourcing firm Cognizant Technology Solutions gapped down 8% after the Monday stock market opening bell, shortly after management disappointed investors with guidance lower … Read more on this. Cognizant Technology Solutions Corporation (CTSH) , valued at $32.87B, opened this morning at $55.00. Looking at today’s market, CTSH one day range is $53.04 to $55.44 with its 52-week range being $53.04 to $69.80. CTSH shares are currently priced at 19.26x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 6.91x earnings multiple. According to a consensus of 24 analysts, the earnings estimate of $0.78 per share would be $0.11 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.04, which would be a $0.44 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.24 Billion. If reported, that would be a 18.25% increase over the year-ago quarter. In terms of ratings, Sterne Agee CRT Initiated CTSH at Neutral (Dec 17, 2015). Previously, Cantor Fitzgerald Initiated CTSH at to Buy. Given all the information above, we should disclose to readers that the average price target is $74.50, which is 35.45% above than it opened this morning. See more in (NASDAQ:CTSH) Similar Articles: Company Update: Cognizant Technology Solutions Corporation (NASDAQ:CTSH) – Genpact, BHP Billiton, O’Reilly Automotive, VCA and Cognizant Technology Solutions highlighted as Zacks Bull and Bear of the Day Company Update: Cognizant Technology Solutions Corporation (NASDAQ:CTSH) – Cognizant to Present at the 2015 Wells Fargo Technology, Media & Telecom Conference Market Update: Cognizant Technology Solutions Corporation (NASDAQ:CTSH) – Cognizant to Present at the Citi 2015 Global Technology Conference
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.