See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Cognizant Technology Solutions Corporation (CTSH) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Cognizant Technology Solutions Corporation (CTSH) - free report >>
Image: Bigstock
Cognizant (CTSH) Beats on Q3 Earnings and Revenues
Headquartered in Teaneck, NJ, Cognizant Technology Solutions Corp (CTSH - Free Report) is a leading provider of information technology, consulting and business process outsourcing services. The company was spun off from Dun & Bradstreet in 1996 and went public in Jun 1998.
Cognizant primarily serves four domains: Financial Services, Healthcare, Manufacturing, Retail and Logistics and Other (includes Communications, Information, Media & Entertainment and High Technology).
Zacks Rank: Currently, Cognizant has a Zacks Rank#4 (Sell) but that could change following its third quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Cognizant reported adjusted earnings of 76 cents a share, beating the Zacks Consensus Estimate of 75 cents.
Revenue: Revenues of $3.453 billion were almost in line with the Zacks Consensus Estimate of $3.449 billion. Sales grew 8.4% year over year.
Key Stats: Cognizant’s net headcount addition in the quarter stood was 11,500.
COGNIZANT TECH Price and Consensus
COGNIZANT TECH Price and Consensus | COGNIZANT TECH Quote
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>