Cognizant Technology Solutions Corporation (CTSH): Today's Featured Technology Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Cognizant Technology Solutions Corporation ( CTSH) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.1%. By the end of trading, Cognizant Technology Solutions Corporation rose 73 cents (1.1%) to $65.74 on average volume. Throughout the day, 2.9 million shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 2.4 million shares. The stock ranged in a price between $64.96-$65.94 after having opened the day at $64.98 as compared to the previous trading day's close of $65.01. Other companies within the Technology sector that increased today were: New Energy Systems Group ( NEWN), up 22.5%, Chyron Corporation ( CHYR), up 20.7%, OSI Systems ( OSIS), up 16.5%, and Oclaro ( OCLR), up 15.2%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $19.3 billion and is part of the computer software & services industry. The company has a P/E ratio of 19.5, above the S&P 500 P/E ratio of 17.7. Shares are down 0% year to date as of the close of trading on Thursday. Currently there are 21 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 notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Net Element International ( NETE), down 38.7%, XRS ( XRSC), down 31.5%, Recon Technology ( RCON), down 29.4%, and Sycamore Networks ( SCMR), down 21.5%, were all laggards within the technology sector with NVIDIA Corporation ( NVDA) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!.
null

If you liked this article you might like

Cognizant Technology, Advanced Micro Devices: 'Mad Money' Lightning Round

Play Defense, Play the Dollar: Cramer's 'Mad Money' Recap (Tuesday 8/29/17)

Infosys Is Tanking Because Its Ex-CEO's Transformation Efforts Are Now in Limbo

Think for Yourself