CTSH
NASDAQ · Technology
Cognizant Tech Solutions-A
$40.95
-0.88 (-2.10%)
CTSH News11 articles
Cognizant Plunges 10% Amid Accenture Guidance Cut, Nasdaq-100 Removal
Cognizant shares tumbled 10.49% to $43.70 after Accenture's weaker growth forecast, a Berenberg downgrade, and its looming exit from the Nasdaq-100, wiping out $2.4 billion in equity value.
Wall Street Halts for Juneteenth After Chip Rally; Fed and Micron Earnings Loom
US stocks paused for Juneteenth after a chip-led rally pushed the S&P 500 to a record close, but investors brace for Fed hawkishness and key earnings from Micron next week.
IBM Shares Slide on Accenture's Weak Forecast and AI Control Fears
IBM dropped 6.9% after Accenture's weak sales outlook and an IBM study flagged AI control concerns, fueling fears of slower enterprise AI spending.
Accenture Stock Dips on Weak Outlook Despite $4.18B Cybersecurity Investment
Accenture slashed its full-year revenue growth forecast and issued weak Q4 guidance, sending shares lower premarket despite a $4.18 billion cybersecurity acquisition announcement.
Accenture Shares Slide Ahead of Q3 Earnings Amid AI Deals and Market Headwinds
Accenture shares dropped 4.7% to $178.25 ahead of its June 18 earnings call, as AI deals and a Japan partnership compete with market losses and tech spending concerns.
Cognizant Shares Slide as Weak Guidance, Cost-Cutting Plan Overshadow $600M AI Deal
Cognizant shares dropped after second-quarter revenue guidance fell short of analyst forecasts, overshadowing a $600 million deal for AI firm Astreya and a new cost-cutting program.
AI Stocks Slide on OpenAI Jitters Ahead of Tech Earnings
AI stocks fell Tuesday after an OpenAI report on missed targets triggered declines in Oracle, CoreWeave, and chipmakers, ahead of earnings from major tech firms.
Accenture Shares Gain on Strong Q2, Yet Cautious Outlook Weighs on IT Sector
Accenture posted better-than-expected fiscal second-quarter results and lifted its full-year revenue guidance. However, its third-quarter forecast fell short of analyst expectations, reflecting ongoing client caution on large-scale IT investments.
Accenture Shares Dip on Analyst Target Cut Ahead of Q2 Report
Accenture shares declined following a price target cut by Truist, which highlighted concerns over enterprise AI adoption and partner spending ahead of the company's upcoming quarterly results.
Cognizant Shares Rebound After Steep Drop, AI Concerns Linger
Cognizant stock snapped a four-session losing streak Friday, closing up 1.1% at $66.55. The rebound followed a sharp 7.2% decline on Thursday amid heavy trading volume.
DXC Technology Shares Slide Amid Sector Downgrade, AI Initiatives in Focus
DXC Technology shares fell 4.5% as IT services stocks retreated following a UBS sector downgrade. The company reported a 1% revenue decline and launched new AI initiatives in London and via Amazon Quick.