This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Top 10 Emerging Markets Stocks in 2010


6. Cognizant Technology Solutions (CTSH) is engaged in providing customized information technology solutions and outsourcing services.

On a year-to-date basis, the company soared 61.2%, touching 52-week highs in December. In comparison, Infosys (INFY) and Wipro (WIT) gained 37.1% and 15.3%, respectively, on year-to-date basis.

For the third quarter, the company posted an increase of 43% and 49.1% in revenue and net profit, to $1.21 billion and $204 million, respectively, as compared to the same quarter a year ago. During October, the company signed a multi-year, multi-million dollar agreement with 3M Company (MMM). With this agreement, Cognizant will leverage its best practices and frameworks in order to reduce the total cost of ownership and ensure high quality and consistency across the 3M portfolio, including mission-critical software. The company announced a joint development program with Microsoft (MSFT) for delivering cloud-enabled solutions to enterprise customers.

Looking ahead into the fourth quarter, the company expects to record revenue of $1.27 billion. For full-year 2010, Cognizant raised its revenue guidance to $4.55 billion from the earlier estimate of $4.46 billion on diluted earnings per share of $2.35.

The company's board of directors recently authorized a share repurchase program valued almost at $150 million of the company's common stock in the upcoming 12 months. Moreover, the outlook for information technology seems favorable, based on the spending environment in the U.S. and huge cash balances available for IT spending at various companies.

6 of 11

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,779.11 +0.96 0.01%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs