Cognizant forecasts slowest revenue growth in 14 years
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Needham & Company Cuts Price Target Following Cognizant's (CTSH) In-Line 4Q Results and Light Outlook
February 8, 2016 2:03 PM ESTNeedham & Company maintained a Buy rating on Cognizant Technology Solutions (NASDAQ: CTSH), and cut the price target to $70.00 (from $78.00), following the company's 4Q earnings report. Cognizant reported revenue of $3.232 billion, essentially in line with consensus' $3.236 billion estimate. EPS came in at $0.80, $0.03 above consensus. Management guided 1Q slightly below consensus, with revenue expected to be $3.18-$3.24... More
