Cognizant (NASDAQ:CTSH) today announced that Chief Financial Officer Jatin Dalal has reached a settlement in the non-compete lawsuit filed by Wipro Limited. The terms of the settlement, which was reached without any admission of liability by either party, are confidential. The settlement resolves all pending disputes between Mr. Dalal and Wipro.
Save time and jump to the most important pieces.
| Company | Date | Price Target | Rating | Analyst |
|---|---|---|---|---|
| 10/3/2024 | Hold → Sell | Investec | ||
| 8/28/2024 | $90.00 | Buy | Jefferies | |
| 8/7/2024 | $73.00 → $75.00 | Underperform → Neutral | BofA Securities | |
| 7/2/2024 | Buy | Nomura | ||
| 6/24/2024 | $72.00 | Neutral | Goldman | |
| 4/1/2024 | $87.00 → $80.00 | Positive → Neutral | Susquehanna | |
| 3/19/2024 | $80.00 | Neutral | Guggenheim | |
| 1/30/2024 | $82.00 | Neutral | Mizuho |
In the last three months, 9 analysts have published ratings on Cognizant Tech Solns (NASDAQ:CTSH), offering a diverse range of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 8 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 1 0 0 3M Ago 0 1 5 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $77.89, a high estimate of $85.00, and a low estimate of $72.00. Highlightin
Barclays analyst Ramsey El-Assal maintains Cognizant Tech Solns (NASDAQ:CTSH) with a Equal-Weight and raises the price target from $75 to $80.
Cognizant (NASDAQ:CTSH) and Whitbread have expanded their digital transformation relationship which will see the professional services provider support the hospitality company's ongoing digital transformation with product design, product management and engineering as Whitbread expands its operations in the UK and Germany.
Revenue of $5.0 billion, increased 3.0% year-over-year or 2.7% in constant currency1, the high end of our guidance rangesOperating margin of 14.6%, sequentially flat and increased 60 basis points year-over-year; year-to-date operating margin of 14.6%, increased 110 basis points year-over-yearAdjusted Operating Margin1 of 15.3%, increased 10 basis points sequentially and decreased 20 basis points year-over-year; year-to-date Adjusted Operating Margin of 15.2%, increased 40 basis points year-over-yearTrailing 12-month bookings of $26.2 billion; book-to-bill of 1.3xStrong growth in Health Sciences, up 7.8% year-over-year or 7.6% in constant currency, and return to growth in Financial Services,
The collaboration aims to deliver clients a seamless transition to RISE with SAP on the Microsoft Cloud and includes financial incentives that bring the cost of migration to near $0 Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO)), a leading technology services and consulting company, today announced a strategic collaboration with Microsoft and SAP. The initiative is designed to help clients significantly improve the speed and effectiveness of RISE with SAP migrations on the Microsoft Cloud. Through the collaboration, Wipro will be able to offer clients a strategic roadmap and best practices to fully harness the potential of RISE with SAP, enhancing digital operations, overall efficienc
Launched about one year ago, Cognizant created Synapse as a global program to equip individuals with the technology skills they need to be part of the workforce of the future. TEANECK, N.J., Oct. 29, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced it has reached more than 275,000 people via its global skilling initiative, Synapse, which launched one year ago in October, 2023. This milestone shows Cognizant is more than a quarter of the way toward reaching the program's goal to advance technology job training for one million people worldwide by the end of 2026. The
SC 13G - COGNIZANT TECHNOLOGY SOLUTIONS CORP (0001058290) (Subject)
SC 13G/A - WIPRO LTD (0001123799) (Subject)
SC 13G/A - COGNIZANT TECHNOLOGY SOLUTIONS CORP (0001058290) (Subject)
10-Q - COGNIZANT TECHNOLOGY SOLUTIONS CORP (0001058290) (Filer)
8-K - COGNIZANT TECHNOLOGY SOLUTIONS CORP (0001058290) (Filer)
6-K - WIPRO LTD (0001123799) (Filer)
Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO))), a leading technology services and consulting company, today announced the appointment of Srikumar Rao as Global Head of its Engineering Edge Business Line, effective from October 5, 2024. Srikumar succeeds Harmeet Chauhan, who is stepping down to pursue opportunities outside the organization. Srikumar will report to Srini Pallia. Srikumar has been with Wipro for 26 years and has grown with the organization, serving in various leadership roles. He was most recently the Chief Operating Officer (COO) of Wipro Engineering Edge (WEE) and Global Practice Head of Embedded Systems. His work has spanned several markets, selling and delivering
Industry veteran brings 30 years of service, operations and digital experience to the role TEANECK, N.J., Aug. 21, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced the appointment of Rajesh Varrier as Global Head of Operations, effective September 2, 2024. Additionally, he will be appointed as Chairman & Managing Director, India, assuming the role October 1, 2024, as Rajesh Nambiar leaves Cognizant to become president of NASSCOM. Varrier will be an Executive Vice President of Cognizant, reporting to Ravi Kumar S, Cognizant's Chief Executive Officer. Varrier will be based in Bangalore, India.
Silvent brings significant experience in human resources, talent management, public policy and government affairs TEANECK, N.J., July 11, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced the appointment of Karima Silvent to its Board of Directors (the "Board") as an independent director, effective immediately. In connection with Ms. Silvent's appointment, Cognizant's Board has expanded to 13 members, 12 of whom are independent. Ms. Silvent currently serves as Group Chief Human Resources Officer and a member of the Management Committee of AXA, a French multinationa
4 - COGNIZANT TECHNOLOGY SOLUTIONS CORP (0001058290) (Issuer)
4 - COGNIZANT TECHNOLOGY SOLUTIONS CORP (0001058290) (Issuer)
4/A - COGNIZANT TECHNOLOGY SOLUTIONS CORP (0001058290) (Issuer)
Investec downgraded Wipro from Hold to Sell
Jefferies resumed coverage of Cognizant Tech with a rating of Buy and set a new price target of $90.00
BofA Securities upgraded Cognizant Tech from Underperform to Neutral and set a new price target of $75.00 from $73.00 previously
Revenue of $5.0 billion, increased 3.0% year-over-year or 2.7% in constant currency1, the high end of our guidance rangesOperating margin of 14.6%, sequentially flat and increased 60 basis points year-over-year; year-to-date operating margin of 14.6%, increased 110 basis points year-over-yearAdjusted Operating Margin1 of 15.3%, increased 10 basis points sequentially and decreased 20 basis points year-over-year; year-to-date Adjusted Operating Margin of 15.2%, increased 40 basis points year-over-yearTrailing 12-month bookings of $26.2 billion; book-to-bill of 1.3xStrong growth in Health Sciences, up 7.8% year-over-year or 7.6% in constant currency, and return to growth in Financial Services,
Net income grew 6.8% QoQ and 21.3% YoY. IT Services revenue grew 1.3% QoQ. Margin expands 35 basis points QoQ. Large Deal Bookings at $1.5 billion, highest in 10 quarters. Operating cash flows at 132.3% of net income. Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO))), a leading technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended September 30, 2024. Highlights of the Results Results for the Quarter ended September 30, 2024: Gross revenue was at Rs 223.0 billion ($2,662.6 million1), an increase of 1.5% QoQ and decrease of 1.0% YoY. IT services segment revenue was at $2,660.1 million, an
TEANECK, N.J., Oct. 9, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH), a leading provider of information technology, consulting, and business process services, will announce results for the third quarter of 2024 on Wednesday, October 30, 2024 after market close. Following the release, Cognizant management will conduct a conference call at 5:00 p.m. (Eastern) to discuss operating performance for the quarter. To participate in the conference call, domestic callers can dial 877-810-9510 and international callers can dial 201-493-6778 and provide the following conference passcode: C