Cognizant's most recent trend suggests a bearish bias. One trading opportunity on Cognizant is a Bear Call Spread using a strike $52.50 short call and a strike $57.50 long call offers a potential 7.53% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $52.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock rose above the $57.50 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 49.62 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Cognizant
Cognizant Schedules First Quarter 2014 Earnings Release and Conference Call
Mon, 14 Apr 2014 12:40:00 GMT
PR Newswire – TEANECK, N.J., April 14, 2014 /PRNewswire/ — Cognizant Technology Solutions Corporation (CTSH), a leading provider of information technology, consulting, and business process outsourcing services, will announce results for the first quarter of 2014 on Wednesday, May 7, 2014, before market open. Following the release, Cognizant management will conduct a conference call at 8:00 a.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 can dial (201) 493-6778 and provide the following conference passcode: Cognizant Call. The conference call will also be available live via the Internet by accessing the Cognizant website at http://investors.cognizant.com. Please go to the website at least 15 minutes prior to the call to register and to download and install any necessary audio software.
HTH Worldwide Selects Cognizant to Help Build Mobile Healthcare Solutions and Improve Member Satisfaction
Fri, 11 Apr 2014 10:00:00 GMT
PR Newswire – TEANECK, N.J., April 11, 2014 /PRNewswire/ — Cognizant (CTSH) today announced that it is working with HTH Worldwide, a global technology-based health services and information company, to enable its members to maximize the use of mobile technology for managing healthcare needs more effectively while traveling abroad. As part of the engagement, Cognizant is helping HTH Worldwide transform its mobile footprint through an enterprise mobile platform to support the company's rapidly growing business and further strengthen its leadership position in mobile medical assistance services. Optimizing HTH Worldwide's mobile applications such as mPassport® and GeoBlue® will enable members using these applications to more conveniently understand, access, and pay for the best available healthcare services in any corner of the world. This enterprise solution will also allow HTH Worldwide to roll out new products quickly to meet their business and user demands all around the world with greater efficiency and agility.
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Fri, 11 Apr 2014 02:02:59 GMT
iGate says revenue to grow faster in second half, shares rise
Thu, 10 Apr 2014 18:59:02 GMT
Reuters – REUTERS – IT services company iGate Corp (NSQ:IGTE – News) said revenue would grow faster in the second half of the year, after it reported better-than-expected quarterly results due to customer additions and higher revenue from Europe and financial industry clients. The company, whose bigger rivals include Tata Consultancy Services (NSI:TCS.NS – News), Infosys Ltd (INFY.N) and Cognizant Technology Solutions Corp (NSQ:CTSH – News), added nine clients in the first quarter. Infosys and Tata Consultancy, which are scheduled to report results next week, have said they expected their main customers in Europe and the United States to increase IT spending. “We are experiencing sustained and broad-based growth momentum across multiple service lines and geographies in our top five clients,” Chief Executive Ashok Vemuri said in a conference call with analysts.
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