Cognizant Up 13% in a Year: Should You Buy, Retain or Sell the Stock?
CTSHCognizant(CTSH) ZACKS·2024-10-08 01:15

Cognizant Technology Solutions‘ (CTSH) shares have gained 13.1% in the past year compared with the Zacks  Business - Software Services industry’s growth of 29.2% and the broader Zacks Computer & Technology sector’s return of 37.1%.The underperformance can be attributed to weakness in the Financial Services segment, which also dented CTSH’s top line.In second-quarter 2024, revenues of $4.85 billion saw a year-over-year decline of 0.7% and 0.5% at constant currency (cc). Financial Services revenues dropped 1. ...