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TheStreet Wire

Cognizant Technology Solutions Corporation (CTSH): Today's Featured Computer Software & Services Loser

By TheStreet Wire 07/10/12 - 05:01 PM EDT

Find out if (CTSH) is in Cramer's Portfolio.

Cognizant Technology Solutions Corporation (CTSH) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services loser. The industry as a whole closed the day down 1.2%. By the end of trading, Cognizant Technology Solutions Corporation fell $1.17 (-2%) to $56.19 on light volume. Throughout the day, 2.3 million shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 3.5 million shares. The stock ranged in price between $55.98-$58.29 after having opened the day at $57.61 as compared to the previous trading day's close of $57.36. Other company's within the Computer Software & Services industry that declined today were: Kingtone Wirelessinfo Solution (KONE), down 20.1%, Mitek Systems (MITK), down 10.2%, iSoftStone Holdings (ISS), down 8.9%, and Pros Holdings (PRO), down 8.3%.

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Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process outsourcing services in North America, Europe, and internationally. Cognizant Technology Solutions Corporation has a market cap of $17.56 billion and is part of the technology sector. The company has a P/E ratio of 19.4, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 10.3% year to date as of the close of trading on Monday. Currently there are 20 analysts that rate Cognizant Technology Solutions Corporation a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Cognizant Technology Solutions Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

You can view the full Cognizant Technology Ratings Report.

Use our computer software & services section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider iShares S&P NA Tech Software Idx (IGV) while those bearish on the computer software & services industry could consider ProShares Ultra Short Technology (REW).

Find other investment ideas from our top rated ETFs lists.

For more information on Cognizant Technology Solutions Corporation click any of the following:

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