Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) 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 up 0.7%. By the end of trading, Cognizant Technology Solutions Corporation rose $1.40 (1.5%) to $94.03 on light volume. Throughout the day, 1,444,717 shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 2,100,500 shares. The stock ranged in a price between $92.38-$94.18 after having opened the day at $92.60 as compared to the previous trading day's close of $92.63. Other companies within the Computer Software & Services industry that increased today were:
), up 14.5%,
), up 12.7%,
), up 10.9% and
), up 8.8%.
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Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Manufacturing, Retail, and Logistics; and Other. Cognizant Technology Solutions Corporation has a market cap of $28.2 billion and is part of the technology sector. The company has a P/E ratio of 23.9, above the S&P 500 P/E ratio of 17.7. Shares are up 26.0% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Cognizant Technology Solutions Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Cognizant Technology Solutions Corporation
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, compelling growth in net income, solid stock price performance and impressive record of earnings per share growth. 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 Solutions Corporation Ratings Report.
On the negative front,
), down 18.1%,
), down 8.8%,
), down 8.0% and
), down 5.4% , were all laggards within the computer software & services industry with
) being today's computer software & services industry laggard.
- Use our computer software & services section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider
) while those bearish on the computer software & services industry could consider
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