Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is scheduled to be announcing its earnings results before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.95 per share for the quarter. Cognizant Technology Solutions Corporation has set its Q3 guidance at at least $0.94 EPS.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) last posted its earnings results on Thursday, August 3rd. The information technology service provider reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.11. The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.65 billion. Cognizant Technology Solutions Corporation had a net margin of 13.36% and a return on equity of 18.72%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS. On average, analysts expect Cognizant Technology Solutions Corporation to post $3.3 EPS for the current fiscal year and $3.95 EPS for the next fiscal year.

Shares of Cognizant Technology Solutions Corporation (CTSH) opened at 74.69 on Wednesday. The firm has a market cap of $44.11 billion, a P/E ratio of 23.96 and a beta of 1.12. The company’s 50-day moving average is $72.79 and its 200-day moving average is $68.05. Cognizant Technology Solutions Corporation has a 52-week low of $50.43 and a 52-week high of $75.00.

A number of equities research analysts have recently weighed in on the company. KeyCorp reaffirmed a “buy” rating and set a $79.00 price target on shares of Cognizant Technology Solutions Corporation in a research note on Friday, September 8th. Bank of America Corporation reaffirmed a “buy” rating and set a $86.00 price target on shares of Cognizant Technology Solutions Corporation in a research note on Tuesday, September 12th. Credit Suisse Group set a $80.00 price target on Cognizant Technology Solutions Corporation and gave the stock a “buy” rating in a research note on Friday, August 4th. They noted that the move was a valuation call. Zacks Investment Research raised Cognizant Technology Solutions Corporation from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research note on Tuesday, October 10th. Finally, Wedbush reaffirmed an “outperform” rating on shares of Cognizant Technology Solutions Corporation in a research note on Monday, September 18th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Cognizant Technology Solutions Corporation has a consensus rating of “Buy” and an average price target of $74.07.

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In other news, EVP James Patrick Lennox sold 1,725 shares of Cognizant Technology Solutions Corporation stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $71.57, for a total transaction of $123,458.25. Following the sale, the executive vice president now owns 8,407 shares of the company’s stock, valued at approximately $601,688.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Allen Shaheen sold 442 shares of Cognizant Technology Solutions Corporation stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $70.58, for a total value of $31,196.36. The disclosure for this sale can be found here. Insiders have sold a total of 281,095 shares of company stock worth $20,095,913 in the last three months. 1.08% of the stock is owned by insiders.

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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