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Cognizant (CTSH) Catches Eye: Stock Jumps 9.9%

Zacks Equity Research

Cognizant Technology Solutions Corporation CTSH was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $60.32 to $64.97 in the past one-month time frame.

The company has seen a mixed track record when it comes to estimate revisions of one increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Cognizant currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Cognizant Technology Solutions Corporation Price

Cognizant Technology Solutions Corporation Price

Cognizant Technology Solutions Corporation price | Cognizant Technology Solutions Corporation Quote

Investors interested in Business - Software Services industry may consider a better-ranked stock like Guidewire Software, Inc. GWRE, which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
 
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