Cognizant Technology Rides the Digital Enterprise Wave
Across nearly every industry, businesses want to take advantage of the rise of innovation in information technology. Between cloud computing, data analytics, the Internet of Things, and other key initiatives, enterprises have an opportunity to make better use of the information and resources they have. But most of them need help, and Cognizant Technology Solutions (NASDAQ: CTSH) wants to be the company to provide that help.
Coming into Thursday's second-quarter financial report, Cognizant investors wanted to see at least modest gains in revenue and earnings from the IT services provider. Cognizant did better than that, and the tech specialist is hopeful about its prospects for the future. Let's look more closely at Cognizant and what it said about its recent performance.
Image source: Cognizant.
Source: Fool.com
Cognizant Technology Solutions Corp. Stock
The stock is one of the favorites of our community with 23 Buy predictions and 1 Sell predictions.
With a target price of 68 € there is a positive potential of 37.1% for Cognizant Technology Solutions Corp. compared to the current price of 49.6 €.
