Cognizant Technology Solutions (CTSH) PT Raised to $57.40 at Nomura/Instinet
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Cognizant (CTSH) Hit with Several Downgrades After Weak Results and Guidance
November 3, 2022 10:06 AM EDTCognizant (NASDAQ: CTSH) stock is trading over 11% lower today following the companys weak Q3 report and guidance.
Cognizant reported Q3 EPS of $1.17 on revenue of $4.86 billion. This compares to the analyst consensus that was expecting an EPS of $1.16 on revenue of $5 billion.
For its fourth quarter, Cognizant said it expected revenue to increase between 2% and 3% in constant currency, a bigger-than-expected slowdown as analysts were expecting revenues to rise... More
