Recap: Cognizant Tech Solns Q2 Earnings
Cognizant Tech Solns (NASDAQ:CTSH) reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:01 PM.
Here's what investors need to know about the announcement.
Earnings Scheduled For July 27, 2022
Companies Reporting Before The Bell
• Equinor (NYSE:EQNR) is projected to report earnings for its second quarter.
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Credit Suisse cut the price target for Amazon.com, Inc. (NASDAQ: AMZN) from $185 to $170. However, Credit Suisse analyst Stephen Ju maintained the stock with an Outperform rating. Amazon shares fell 4.1% to $116.17 in pre-market trading.
Morgan Stanley Maintains Equal-Weight on Cognizant Tech Solns, Lowers Price Target to $75
Morgan Stanley analyst James Faucette maintains Cognizant Tech Solns (NASDAQ:CTSH) with a Equal-Weight and lowers the price target from $90 to $75.
Analyst Ratings for Cognizant Tech Solns
Over the past 3 months, 6 analysts have published their opinion on Cognizant Tech Solns (NASDAQ:CTSH) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
Peering Into Cognizant Tech Solns’s Recent Short Interest
Cognizant Tech Solns's (NASDAQ:CTSH) short percent of float has risen 9.09% since its last report. The company recently reported that it has 5.64 million shares sold short, which is 1.08% of all regular shares that are available for trading.
Stocks That Hit 52-Week Lows On Wednesday
During Wednesday's session, 326 stocks hit new 52-week lows.
If You Invested $1000 In This Stock 20 Years Ago, You Would Have $28,000 Today
Cognizant Tech Solns (NASDAQ:CTSH) has outperformed the market over the past 20 years by 10.45% on an annualized basis producing an average annual return of 18.26%. Currently, Cognizant Tech Solns has a market capitalization of $33.95 billion.
How Is The Market Feeling About Cognizant Tech Solns?
Cognizant Tech Solns's (NASDAQ:CTSH) short percent of float has risen 26.92% since its last report. The company recently reported that it has 5.14 million shares sold short, which is 0.99% of all regular shares that are available for trading.