Cognizant (CTSH) Bullish View Maintained at Needham & Company Amid Sell-Off

Argus Downgrades Cognizant Technology Solutions (CTSH) to Hold

Argus 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

Citi Downgrades Cognizant Technology Solutions (CTSH) to Neutral

Citi downgraded Cognizant Technology Solutions (NASDAQ: CTSH) from Buy to Neutral.

For an analyst ratings summary and ratings history on Cognizant Technology Solutions click here. For more ratings news on Cognizant Technology Solutions click here.

Shares of Cognizant Technology Solutions closed at $55.00 yesterday.

Cognizant (CTSH) Says Conducting Internal Investigation Over Potential FCPA Violations

Cognizant (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

Cognizant (CTSH) Names New Company President

Cognizant Technology Solutions Corporation (Nasdaq: CTSH) announced that Rajeev (Raj) Mehta has been appointed President of the Company. He replaces Gordon Coburn who resigned from the Company.

"Raj is a proven leader with strong client relationships forged over 20 years with the Company," said Francisco D'Souza, Chief Executive Officer. "For the past decade Raj has been responsible for leading our market-facing... More