Cognizant Gets mixed Reviews From Analysts On Q2Performance, But All Trim Price Targets
Analysts reserved mixed opinions on Cognizant Technology Solutions Corp (NASDAQ: CTSH ) post Q2 results and management guidance. RBC Capital analyst Daniel Perlin maintained Cognizant with an Outperform and cut the price target from $97 to $88. Despite the volatile macro environment, CTSH''s Q2 revenue matched his forecast while EPS beat his estimate. With an increased FX headwind forecast, management lowered its FY22 revenue and provided Q3 revenue guidance below his and Street estimates but increased its FY22 EPS guide. Barclays analyst Ramsey El-Assal reiterated an Underweight and PT of $55. CTSH reported in-line revenue results and a bottom-line beat in Q2, while supply constraints and inflationary pressure continued to impact the business. Management raised FY EPS guidance but cut revenue … Full story available on Benzinga.com
Cognizant Gets mixed Reviews From Analysts On Q2Performance, But All Trim Price Targets
Analysts reserved mixed opinions on Cognizant Technology Solutions Corp (NASDAQ: CTSH ) post Q2 results and management guidance. RBC Capital analyst Daniel Perlin maintained Cognizant with an Outperform and cut the price target from $97 to $88. Despite the volatile macro environment, CTSH''s Q2 revenue matched his forecast while EPS beat his estimate. With an increased FX headwind forecast, management lowered its FY22 revenue and provided Q3 revenue guidance below his and Street estimates but increased its FY22 EPS guide. Barclays analyst Ramsey El-Assal reiterated an Underweight and PT of $55. CTSH reported in-line revenue results and a bottom-line beat in Q2, while supply constraints and inflationary pressure continued to impact the business. Management raised FY EPS guidance but cut revenue … Full story available on Benzinga.com