Cognizant Technology Solutions (CTSH) might be in a better position than some of its rivals to cash in on what could be a lukewarm IT spending environment this year. That’s the opinion of Steven Milunovich, an analyst for UBS Securities, who raised his rating and price target on the company in a research report Wednesday. Milunovich raised his rating to buy from neutral and hiked his price target to 58 from 50. This comes two months after the
Cognizant Technology Solutions’ growth story ran afoul of a seasonal speed bump. Shares of the global outsourcing and consulting services company fell about 4% Wednesday after it delivered in-line results that left investors wanting more. Its outlook for the current quarter offered much of the same. The company’s expected profit was in line with views while its revenue forecast was barely ahead of estimates. Cognizant Technology Solutions’ (CTSH)
Big Data, cloud-based computing and successful challenges against rivals Hewlett-Packard (HPQ) and IBM (IBM) could fuel a better-than-expected fourth quarter from Cognizant Technology Solutions (CTSH) when the company reports its results before the market opens Wednesday. Cognizant is a leader in global IT consulting and outsourcing services for financial services, health care, manufacturing, retail and logistics business segments. Though down