Cognizant (CTSH) Names New Company President
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Argus Downgrades Cognizant Technology Solutions (CTSH) to Hold
September 30, 2016 1:30 PM EDTArgus downgraded Cognizant Technology Solutions (NASDAQ: CTSH) from Buy to Hold after the resignation of the companys president amid a corruption investigation in India.
"Given that a top executive has resigned, however, we see risks that the illegal practices could be extensive... More
Cognizant (CTSH) Bullish View Maintained at Needham & Company Amid Sell-Off
September 30, 2016 10:18 AM EDTNeedham & Company analyst Mayank Tandon reiterated a Buy rating and $68 price target on Cognizant Technology Solutions (NASDAQ: CTSH) after the company announced: 1) President Gordon Coburn has resigned and will be replaced by Rajeev Mehta, who currently serves as the CEO of IT services for the... More
Cognizant (CTSH) Says Conducting Internal Investigation Over Potential FCPA Violations
September 30, 2016 8:10 AM EDTCognizant (Nasdaq: CTSH) disclosed the following in a U.S. SEC filing on Friday:
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As announced in the press release attached hereto as Exhibit 99.1 and incorporated by reference into this Item 5.02, on September 27, 2016, Gordon Coburn resigned from his position as President of Cognizant Technology Solutions Corporation (Cognizant or the Company), and on September 28, 2016, the board of directors (the Board) of the Company appointed Rajeev Mehta, current Chief Executive... More
