Cognizant Technology Solutions’ Stock To Continue Its Rally?

by Trefis Team
Rate   |   votes   |   Share

Cognizant Technology Solutions’ stock (NASDAQ: CTSH) rose by 13% to $78 in the last twenty-one trading days. In comparison, the broader S&P500 rose by 2.6% over the last twenty-one trading days. The stock price rose after Q2 2021 results where the company beat consensus revenues and earnings. For Q2 2021, the company posted revenues of $4.6 billion, up 14.6% y-o-y led by the Digital revenue segment which grew by 20% y-o-y. Earnings for the quarter were $0.97 compared to $0.67 in the same period of the previous year. CTSH also raised their 2021 revenue growth guidance to 10.2-11.2%. Now, is CTSH stock poised to grow? Based on our machine learning analysis of trends in the stock price over the last ten years, there is a 53% chance of a decline in CTSH stock over the next month (twenty-one trading days). See our analysis on Cognizant Technology Solutions Stock Chances Of Rise for more details.

Five Days: CTSH 13%, vs. S&P500 0.8%; Outperformed market

(5% event probability)

  • Cognizant Technology Solutions’ stock rose 13% over a five day trading period ending 8/13/2021, compared to the broader market (S&P500) which rose 0.8%
  • A change of 13% or more over five trading days has a 5% event probability, which has occurred 133 times out of 2518 in the last ten years

Ten Days: CTSH 5.6%, vs. S&P500 1.7%; Outperformed market

(12% event probability)

  • Cognizant Technology Solutions’ stock rose 5.6% over the last ten trading days (two weeks), compared to the broader market (S&P500) rise of 1.7%
  • A change of 5.6% or more over ten trading days has a 12% event probability, which has occurred 301 times out of 2518 in the last ten years

Twenty-One Days: CTSH 13%, vs. S&P500 2.6%; Outperformed market

(5% event probability)

  • Cognizant Technology Solutions’ stock rose 13% over the last twenty-one trading days (one month), compared to the broader market (S&P500) rise of 2.6%
  • A change of 13% or more over twenty-one trading days has a 5% event probability, which has occurred 121 times out of 2517 in the last ten years

 

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market since 2016.

See all Trefis Price Estimates and Download Trefis Data here

What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams

Rate   |   votes   |   Share

Comments

Name (Required)
Email (Required, but never displayed)
Be the first to comment!