Why Cognizant Technology Solutions Stock Triumphed on Thursday
IT services and consulting company Cognizant Technology Solutions (NASDAQ: CTSH) enjoyed a buoyant Thursday on the stock market. The company's shares ended the trading session in positive territory, with a more than 2% rise on the back of a well-received quarterly earnings report. That performance was sufficient to top the S 500 (SNPINDEX: ^GSPC), which crept up by 0.6%.
For its first quarter, Cognizant's revenue totaled almost $5.12 billion, representing a 7.5% gain over the same period of 2024. That was on the back of a 3% improvement in trailing-12-month bookings, to $26.7 billion. Generally accepted accounting principles (GAAP) net income also rose, landing at $663 million from the year-ago $546 million profit. On a non-GAAP (adjusted) and per-share basis, the company's earnings were 10% higher at $1.23.
The two core fundamentals were slightly higher than analysts had anticipated. Those pundits were collectively modeling $5.06 billion on the top line, and $1.20 per share for adjusted profitability.
Source Fool.com
Cognizant Technology Solutions Corp. Stock
With 10 Buy predictions and not the single Sell prediction the community is currently very high on Cognizant Technology Solutions Corp..
As a result the target price of 80 € shows a positive potential of 33.73% compared to the current price of 59.82 € for Cognizant Technology Solutions Corp..
