Technicals in Focus for Cognizant Technology Solutions Corporation (CTSH)

The earnings of Microchip Technology Incorporated (MCHP) are forecasted by the analysts to move at $0.93 in current quarter, from $0.7 a year-ago quarter. The growth estimate for the next five years is 10.93 percent (per annum). Over the trailing year, the stock is underperforming the S&P 500 by -19.36%, and it's gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange.

Many analysts are providing their Estimated Earnings analysis for Cognizant Technology Solutions Corporation and for the current quarter 29 analysts have projected that the stock could give an Average Earnings estimate of $0.86/share. Revenue for the fourth quarter of 2016 rose 7.1% to $3.46 billion compared to $3.23 billion in the corresponding quarter previous year.

Revenue is expected to range from 3.44 Billion to 3.53 Billion with an average of 3.49 Billion.

The company expects to start the repurchase of $1.5 billion worth of shares in the first quarter, initiate a cash dividend of 15 cents per share in the second quarter and repurchase $1.2 billion worth of shares during 2017 and 2018. The stock tapped a 52-week high of US$63.23 while the mean 12-month price target for the shares is US$63.81.

Cognizant expects full-year earnings to be $3.63 per share, with revenue ranging from $14.56 billion to $14.84 billion.

Relative strength index (RSI-14) for Cognizant Technology Solutions Corporation's (CTSH) is at 41.89. Over the same time span, the stock marked US$18.77 as its best level and the lowest price reached was US$9.88.

The stock's price switched up -3.04% 20-Days Simple Moving Average, dropped -3.52% from 50-Days Simple Moving Average and fell -4.88% from 200 Days Simple Moving Average. Its President - Digital Business Kandiah Gajakarnan Vibushanan sold 20,000 company shares for $1110000.6, in a transaction on 2016-12-12.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) now has a PEG ratio of 1.90 where as its P/E ratio is 22.08.

While taking a glance at financials, we can look at a number of key indicators about Cognizant Technology Solutions Corporation's (CTSH). Cornerstone Advisors Inc. now owns 3,479 shares of the information technology service provider's stock valued at $166,000 after buying an additional 3,213 shares during the last quarter. The company has a Mean Recommendation of 2.19 based on a scale of 1-5 provided by Thomson Reuters. The highest and lowest price target given by the brokerage firms to the equity are $24 and $13, respectively. The company presently has an average rating of "Buy" and a consensus price target of $62.64.

In terms of its financial performance, Cognizant reported a year-on-year decline of 1.8% in net profit at $416 million for the fourth quarter ended December 2016. The brokerage now has a $70.00 price objective on the information technology service provider's stock.

Executives hold 0.52 percent of the stock. Corporate insiders own 0.81% of the company's stock. The company's stock has a Return on Assets (ROA) of 11.9 percent, a Return on Equity (ROE) of 16 percent and Return on Investment (ROI) of 15.2 percent. The insider owns 471,320 shares as of less than 0.1%, now worth $24866843.2. The high end of the revenue guidance is $220.8 Million and the low end is $206.99 Million. Expected growth of SeaWorld Entertainment, Inc.

Latest News