Taking a Look at the Data Behind Cognizant Technology Solutions Corporation (CTSH)

Cognizant Technology Solutions Corporation (CTSH) is an interesting player in the Technology space, with a focus on Information Technology Services. The stock has been active on the tape, currently trading at $78.25, up from yesterday’s close by 1.66%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Cognizant Technology Solutions Corporation (CTSH) currently trades with a market capitalization of $46.46 Billion. That value represents a market adjusting for revenues that have been growing by 10.32 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $2.2 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $1.1 on a per share basis this quarter. Perhaps, that suggests something about why 0.48% of the outstanding share supply is held by institutional investors.



Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Cognizant Technology Solutions Corporation recorded a 52-week high of $85.10. It is now trading 6.85% off that level. The stock is trading $78.60 its 50-day moving average by 0.34999999999999%. The stock carved out a 52-week low down at $65.59.

In recent action, Cognizant Technology Solutions Corporation (CTSH) has made a move of +3.15% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.11, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.26% with $582.72 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CTSH.

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