Cognizant Technology Solutions Corporation (CTSH): Today's Featured Computer Software & Services Winner
Cognizant Technology Solutions Corporation
(
) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day down 0.5%. By the end of trading, Cognizant Technology Solutions Corporation rose 46 cents (0.7%) to $65.17 on light volume. Throughout the day, 2.4 million shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 3.3 million shares. The stock ranged in a price between $64.04-$65.65 after having opened the day at $64.22 as compared to the previous trading day's close of $64.71. Other companies within the Computer Software & Services industry that increased today were:
(
), up 42.5%,
(
), up 14.8%,
(
), up 11.6%, and
(
), up 9.4%.
Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process outsourcing services in North America, Europe, and Asia. Cognizant Technology Solutions Corporation has a market cap of $20.01 billion and is part of the
sector. The company has a P/E ratio of 24.3, 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 11.7% year to date as of the close of trading on Monday.
TheStreet Ratings rates Cognizant Technology as a
. 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, growth in earnings per share, good cash flow from operations and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Cognizant Technology Ratings Report.
On the negative front,
Helios & Matheson Information Technology In
(
HMNYD
), down 18.8%,
Helios & Matheson Information Technology In
(
), down 18.8%,
(
), down 15.5%, and
(
), down 14.5%, were all losers within the computer software & services industry with
(
) being today's computer software & services industry loser.
- 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
(
) while those bearish on the computer software & services industry could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
null
