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Company Update: Cognizant Technology Solutions Corporation (NASDAQ:CTSH) – Cognizant to Present at the Bank of America Merrill Lynch Global Technology Conference

[PR Newswire] – TEANECK, N.J., May 26, 2016 /PRNewswire/ — Cognizant (NASDAQ: CTSH), a leading provider of information technology, consulting, and business process services, today announced that Karen McLoughlin, CFO, … Read more on this. Cognizant Technology Solutions Corporation (CTSH) , valued at $37.72B, started trading this morning at $62.52. A quick look at the market, the company’s stock traded between $62.05 and $62.81 with a trailing 52-week range being $51.22 to $69.80. CTSH shares are currently priced at 18.47x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.34x forward p/e ratio. Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $0.82 per share, which would be $0.03 better than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.39 would be a $0.32 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.37 Billion. If realized, that would be a 9.06% increase over the year-ago quarter. In terms of ratings, Sterne Agee CRT Initiated CTSH at Neutral (Dec 17, 2015). Previously, Cantor Fitzgerald Initiated CTSH at to Buy. Investors should keep in mind is that the average price target is $69.56, which is 11.26% above where the stock opened this morning. See more in (NASDAQ:CTSH) Similar Articles: Stock Update (NASDAQ:CTSH): Cognizant to Present at the 44th Annual J.P. Morgan Global Technology, Media and Telecom Conference Market Update: Cognizant Technology Solutions Corporation (NASDAQ:CTSH) – Cognizant Schedules First Quarter 2016 Earnings Release and Conference Call Market Update: Cognizant Technology Solutions Corporation (NASDAQ:CTSH) – Cognizant Misses Q1 Guidance As Q4 EPS Beats; Xerox BPO Lurks
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