Headquartered in Teaneck, NJ, Cognizant Technology Solutions Corp CTSH is a leading provider of information technology, consulting and business process outsourcing services. The company was spun off from Dun & Bradstreet in 1996 and went public in Jun 1998.
Cognizant primarily serves four domains: Financial Services, Healthcare, Manufacturing, Retail and Logistics and Other (includes Communications, Information, Media & Entertainment and High Technology).
Zacks Rank: Currently, Cognizant has a Zacks Rank#4 (Sell) but that could change following its fourth quarter 2016 earnings report which has just released. You can see the complete list of today's Zacks #1 Rank stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Cognizant reported Non GAAP earnings of 87 cents a share, compared to 80 cents reported in the prior year quarter. The company expects first quarter 2017 non GAAP earnings to be 83 cents.
Revenue: Revenues of $3.462 billion missed the Zacks Consensus Estimate of $3.491 billion. However, sales grew 7.1% year over year. The company expects first quarter 2017 revenues to be in the band of $3.51 billion to $3.55 billion.
Key Stats: Cognizant's Non GAAP operating margin in the quarter was 18.7%.
Just Released - Driverless Cars: Your Roadmap to Mega-Profits Today
In this latest Special Report, Zacks' Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making - autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cognizant Technology Solutions Corporation (CTSH): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
