Cognizant: Positioning To Leverage Gen AI As The Technology Disrupts
CTSHCognizant(CTSH) Seeking Alpha·2024-06-26 20:30

abluecup/iStock via Getty Images Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is an IT services provider whose shares are down by 21% since March 2022, in contrast to my bullish thesis at that time. The shares did go up momentarily but then suffered a long slide mostly because quarterly revenues trended lower as charted below. Data by YCharts Now, this revenue decline was precisely why its CEO was replaced in January of last year, and, since I got it wrong in 2022, this time I will assess the gr ...