RealMoney Radio Mailbag: Don't Chase Cognizant Here

A listener learns Cramer's take on Cognizant.
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What do you think of Cognizant (CTSH) - Get Report?-- Joel

Jim Cramer

: I believe Cognizant is a phenomenal company, but the stock is phenomenally expensive as well. Cognizant is growing faster than 99% of companies out there, even in tech, and has been one of the best outsourcing stocks over the past couple of years. However, given the valuation, I don't see any reason to chase it here. On a pullback below $70, I believe, it is a clear buy.

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At the time of publication, Cramer had no position on any stocks mentioned.

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