Cognizant Technology Solutions Corporations in-depth stock price analysis indicates that the stock price has rallied 3.29% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -0.81% . Looking at the past 52 week period, the stock price is up at 6.55% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Cognizant Technology Solutions Corporation has a negative value of -10.64 compared to overall market performance. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has climbed 9.33% in the past week and advanced 1.56% in the last 4 weeks. The company has outperformed the S&P 500 by 8.45% in the past week but underperformed the index by 0.26% in the last 4 weeks.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.6 points or 1.03% at $57.4 with 6,935,534 shares getting traded. Post opening the session at $58, the shares hit an intraday low of $57.37 and an intraday high of $58.34 and the price was in this range throughout the day. The company has a market cap of $34,825 million and the number of outstanding shares has been calculated to be 606,704,580 shares. The 52-week high of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is $63.23 and the 52-week low is $45.44.
Cognizant Technology Solutions Corp Last issued its quarterly earnings results on Feb 8, 2017. The company reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.86. The company had revenue of $3462.00 million for the quarter, compared to analysts expectations of $3488.17 million. The companys revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Cognizant Technology Solutions Corp was Downgraded by Morgan Stanley to Equal-Weight on Jan 31, 2017. Cognizant Technology Solutions Corp was Initiated by Loop Capital to Hold on Jan 10, 2017. Company shares were Upgraded by Wedbush on Jan 6, 2017 to Outperform, Raises Price Target to $ 70 from a previous price target of $65 .
Company has reported several Insider transactions to the SEC, on Dec 14, 2016, Gajakarnan Vibushanan Kandiah (President – Digital Business) sold 20,000 shares at 55.53 per share price.On Dec 9, 2016, Karen Mcloughlin (Chief Financial Officer) sold 19,430 shares at 56.13 per share price.On Dec 8, 2016, James Patrick Lennox (EVP – Chief People Officer) sold 1,612 shares at 54.69 per share price.
Cognizant Technology Solutions delivers high-quality, cost-effective, full life cycle solutions to complex software development and maintenance problems that companies face as they transition to e-business. These services are delivered through the use of a seamless on-site and offshore consulting project team. The companys solutions include application development and integration, application management, re-engineering, and mass change services.