Is Cognizant Technology Solutions Stock a Buy?
Cognizant Technology Solutions (NASDAQ: CTSH) got a boost from a solid fourth-quarter earnings report, which it hopes to build on through a major restructuring plan.
The company, which provides information technology consulting to businesses around the world, saw its stock price jump nearly 10% last Thursday after its Feb. 5 earnings release and conference call. Cognizant stock is up over 11% year to date, a stark improvement over 2019, when it underperformed the S&P 500 index, returning negative 2.3%.
So, what has driven the bounce back, and is the stock a buy?
Source Fool.com
