Cognizant (CTSH) Tops Q2 EPS by 5c; Guides Q3 Below Views; Adds to Buyback Plan

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Go back to Cognizant (CTSH) Tops Q2 EPS by 5c; Guides Q3 Below Views; Adds to Buyback Plan

Nomura Securities Downgrades Cognizant Technology Solutions (CTSH) to Neutral

August 8, 2016 7:38 AM EDT

Nomura Securities downgraded Cognizant Technology Solutions (NASDAQ: CTSH) from Buy to Neutral with a price target of $62.00 (from $65.00).

Analyst Ashwin Mehta commented, "CTSH cut its FY16F revenue growth guidance for the second time in two quarters to 8.5-9.5% (vs 10-14% in 1Q and 10-13% in... More