Cognizant Technology Solutions Corporation (NASDAQ:CTSH) will be announcing its earnings results before the market opens on Thursday, August 3rd. Analysts expect the company to announce earnings of $0.91 per share for the quarter. Cognizant Technology Solutions Corporation has set its Q2 guidance at at least $0.89 EPS and its FY17 guidance at at least $3.64 EPS.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last announced its quarterly earnings results on Friday, May 5th. The information technology service provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.09. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.52 billion. Cognizant Technology Solutions Corporation had a return on equity of 18.77% and a net margin of 12.07%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business posted $0.80 EPS. On average, analysts expect Cognizant Technology Solutions Corporation to post $3.67 EPS for the current fiscal year and $4.32 EPS for the next fiscal year.

Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) opened at 70.05 on Thursday. The company has a market cap of $41.26 billion, a P/E ratio of 25.48 and a beta of 1.16. The company has a 50 day moving average price of $67.62 and a 200 day moving average price of $61.61. Cognizant Technology Solutions Corporation has a one year low of $45.44 and a one year high of $70.45.

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A number of research firms have weighed in on CTSH. BidaskClub raised Cognizant Technology Solutions Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $80.00 price objective (up from $66.00) on shares of Cognizant Technology Solutions Corporation in a report on Thursday, June 15th. HSBC Holdings plc downgraded Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating and lifted their price objective for the company from $65.00 to $68.00 in a report on Thursday, June 8th. Societe Generale downgraded Cognizant Technology Solutions Corporation from a “buy” rating to a “hold” rating and lifted their price objective for the company from $68.00 to $74.00 in a report on Monday, June 5th. Finally, Pacific Crest reaffirmed an “overweight” rating and set a $75.00 price objective (up from $73.00) on shares of Cognizant Technology Solutions Corporation in a report on Thursday, June 1st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $65.41.

In other Cognizant Technology Solutions Corporation news, COO Srinivasan Veeraraghavachary sold 12,000 shares of the company’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $62.50, for a total transaction of $750,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sean Middleton sold 1,890 shares of the company’s stock in a transaction on Friday, April 28th. The shares were sold at an average price of $60.00, for a total transaction of $113,400.00. Following the sale, the insider now owns 5,888 shares of the company’s stock, valued at approximately $353,280. The disclosure for this sale can be found here. Insiders have sold a total of 65,673 shares of company stock valued at $4,336,015 in the last quarter. Corporate insiders own 1.08% of the company’s stock.

Cognizant Technology Solutions Corporation Company Profile

Cognizant Technology Solutions Corporation is a professional services company. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. The Financial Services segment includes customers providing banking/transaction processing, capital markets and insurance services.

Earnings History for Cognizant Technology Solutions Corporation (NASDAQ:CTSH)

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