Cognizant (CTSH) Offering Possible 36.99% Return Over the Next 13 Calendar Days

Cognizant's most recent trend suggests a bearish bias. One trading opportunity on Cognizant is a Bear Call Spread using a strike $82.00 short call and a strike $87.00 long call offers a potential 36.99% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $82.00 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $3.65 would be incurred if the stock rose above the $87.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Cognizant is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Cognizant is bearish.

The RSI indicator is at 54.93 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cognizant

What's in the Offing for Cognizant (CTSH) in Q1 Earnings?
Thu, 03 May 2018 14:56:02 +0000
Cognizant's (CTSH) first-quarter results are likely to benefit from domain expertise and partnerships with leading IT-firms.

Cognizant Acquires Hedera Consulting, a Belgian Advisory and Analytics Company
Wed, 02 May 2018 16:45:00 +0000
BRUSSELS, May 2, 2018 /PRNewswire/ — Cognizant (CTSH) has acquired privately-held Hedera Consulting, a company specializing in business advisory and data analytics services across a number of industry sectors. The purchase further expands Cognizant's consulting, business insight and digital transformation capabilities for clients in Belgium and the Netherlands. Hedera's consultants and data scientists specialize in helping clients with growth strategy, innovation, marketing, sales and customer service. Hedera Consulting is now part of the Cognizant Consulting business unit.

A Look at Cognizant’s Historical Stock Returns
Wed, 02 May 2018 14:31:12 +0000
Cognizant Technology Solutions (CTSH) stock has returned 35% in the last 12 months, 2% in the last month, and was flat in the last five days. Cognizant stock fell 7% in 2016 and then rose 28% in 2017. Since the start of 2018, its stock has increased almost 15%. Peers Accenture (ACN), Teradata (TDC), and IBM (IBM) have returned 33%, 42%, and -4%, respectively, in 2017. The S&P 500 (SPY) and the PowerShares QQQ ETF (QQQ) have generated returns of -1% and 4%, respectively, in 2018.

What Cognizant Expects for 1Q18 and Fiscal 2018
Wed, 02 May 2018 13:02:07 +0000
Cognizant Technology Solutions (CTSH) expects revenue to come in between $3.88 billion and $3.92 billion in 1Q18. In fiscal 2018, the company has estimated a growth rate between 8% and 10%, which means revenue in the range of $16 billion and $16.3 billion. CTSH has targeted a non-GAAP (generally accepted accounting principles) operating margin of 21% in 2018, while this figure is expected to reach 22% in fiscal 2019.

Cognizant Expects Digital Transformation to Drive Revenue
Wed, 02 May 2018 11:33:01 +0000
The last few years have seen a tremendous surge in demand for products and services of Internet and digital-based companies like Amazon (AMZN), Netflix (NFLX), Google (GOOG), and Facebook (FB). Traditional firms across industries are realizing the importance of the shift towards digital transformation.

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