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Cognizant Technology Solutions Corporation Message Board

  • mihir_java mihir_java May 4, 2010 8:45 AM Flag

    CTSH - Upside brokeout..$60 in one week

    * Q1 adj EPS $0.53 vs est $0.48

    * Q1 rev beats estimates

    * Increases 2010 sales, profit outlook

    "It is bullish that, after only one quarter into the year, Cognizant raised its 2010 revenue growth guidance from "at least" 20 percent to "at least" 25 percent," Sanford C. Bernstein analyst Rod Bourgeois said.

    Cognizant has been growing faster than its competitors -- which include U.S. firms like Accenture (ACN.N), Hewlett-Packard (HPQ.N) and IBM (IBM.N) -- and taking market share.

57.59-1.09(-1.89%)May 5 4:00 PMEDT