Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Cognizant (CTSH) , which belongs to the Zacks Business - Software Services industry, could be a great candidate to consider.This information technology consulting and outsourcing firm has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 7.18%.For th ...

Cognizant (CTSH) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changing earnings ...

TEANECK, N.J., July 17, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading provider of information technology, consulting, and business process services, will announce results for the second quarter of 2024 on Wednesday, July 31, 2024 after market close.Following the release, Cognizant management will conduct a conference call at 5:00 p.m. (Eastern) to discuss operating performance for the quarter. To participate in the conference call, domestic callers can dial 877-810-9510 and international callers ...

Cognizant will provide IT infrastructure, security, and data and analytics support to Victory Capital's next phase of digital transformation.TEANECK, N.J., July 17, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) announced today a five-year strategic collaboration with Victory Capital Holdings, Inc. (NASDAQ: VCTR) ("Victory Capital"), a diversified global asset management firm. Cognizant anticipates providing Victory Capital with technology infrastructure, security, and data and analytics capabilities, which ...

Core Viewpoint - The near-term prospects of the Zacks Business-Software Services industry are negatively impacted by macroeconomic challenges, high interest rates, and inflation, leading to delayed investments in technology products. However, the long-term outlook remains positive due to ongoing digital transformation and cloud adoption trends driving demand for business software and services [1][2][6]. Industry Overview - The Zacks Business-Software Services industry encompasses companies that provide specialized software products and services, including licensed and cloud-based applications across various sectors such as finance, sales, human resources, and supply chain management [3]. Trends Shaping the Industry - **Transition to Cloud**: The shift from legacy systems to cloud-based infrastructure is increasing demand for multi-cloud-enabled software solutions, with companies integrating AI to enhance application performance [4]. - **Subscription Model Adoption**: Industry participants are increasingly moving towards subscription and term license-based revenue models, which provide greater revenue visibility but may slow top-line growth initially [5]. - **Mergers and Acquisitions**: Frequent M&A activities are being utilized to expand product offerings, although these may impact profitability in the short term [5]. Macroeconomic Factors - Uncertain macroeconomic conditions and geopolitical issues are likely to lead enterprises to delay significant IT investments, negatively affecting the business software services market in the short term [6]. - Elevated operating expenses due to investments in R&D and sales and marketing are expected to strain profit margins [6]. Industry Performance - The Zacks Business-Software Services industry ranks 172 within the broader Zacks Computer and Technology sector, placing it in the bottom 31% of over 250 Zacks industries, indicating bleak near-term prospects [7][8]. - The industry has underperformed compared to the S&P 500 and the broader sector, with a 20.9% increase over the past year, while the S&P 500 and the sector increased by 25% and 38.5%, respectively [9]. Valuation Metrics - The industry's forward 12-month price-to-earnings ratio stands at 27.09X, higher than the S&P 500's 22.01X but slightly lower than the sector's 28.77X [10]. Company Highlights - **MSCI**: Benefits from strong demand for investment decision support tools and ESG solutions, with a consensus estimate for 2024 earnings at $14.67 per share [11][12]. - **Cognizant**: A leading professional services company with a robust product pipeline and strong client partnerships, expecting 2024 earnings of $4.61 per share [13][14]. - **Tyler Technologies**: Focused on the public sector with a strong liquidity position and upward revisions for 2024 earnings to $9.19 per share [15][16]. - **Guidewire Software**: Gains from increased deal volume and cloud migration, with a consensus estimate for 2024 earnings at $1.24 per share [17][18].

Silvent brings significant experience in human resources, talent management, public policy and government affairsTEANECK, N.J., July 11, 2024  /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today announced the appointment of Karima Silvent to its Board of Directors (the "Board") as an independent director, effective immediately. In connection with Ms. Silvent's appointment, Cognizant's Board has expanded to 13 members, 12 of whom are independent.Karima Silvent named to Cognizant's board of directorsMs. Silvent cu ...

NEW YORK, July 11, 2024 (GLOBE NEWSWIRE) -- Cognizant and Yseop, a leading artificial intelligence (AI) software company, have announced a plan to partner to help accelerate and scale the delivery of scientific content in the biopharma industry through generative AI. By utilising Yseop Copilot to transform medical writing in life sciences, the companies are hoping to enhance productivity in the development process and expedite the market introduction of new, life-saving treatments. Cognizant aims to help de ...

Cognizant Technology Solutions (CTSH) benefits from an expanding portfolio with the recent launch of Neuro Edge, a new platform in its Neuro suite.The solution empowers businesses across industries to harness the power of edge AI, enabling real-time decision-making and operational efficiency while reducing dependency on centralized servers and the cloud.Neuro Edge supports a hybrid Cloud + Edge AI approach, ensuring data privacy, security and seamless integration with existing IT environments.With applicati ...

With AI being all the rage, it’s no surprise that investors want to get their hand into the “cookie jar” of AI-adjacent stocks. Big data companies are going to be one of the biggest winners from this surge — they provide the data through which models are trained. The returns provided by these companies have regularly beaten market indices, and have often provided investors with consistent triple-digit growth. However, the sector is extremely competitive and volatile. Certain companies that were touted as “c ...

Platform enables real-time AI-enabled data processing across industries, enhancing data privacy and operational efficiency.TEANECK, N.J., July 1, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) announced the launch of Cognizant Neuro®️ Edge, a new platform in the Cognizant Neuro®️ suite, designed to empower businesses across industries to leverage artificial intelligence and generative AI at the edge.Edge computing enables enterprises to access computing power via sensors and devices on their networks, reduci ...