CTSH - Cognizant Technology Solutions Corporation

NasdaqGS - NasdaqGS Real-time price. Currency in USD
69.56
+0.68 (+0.99%)
At close: 4:00PM EST

69.56 0.00 (0.00%)
After hours: 4:53PM EST

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Previous close68.88
Open68.56
Bid69.58 x 1800
Ask69.59 x 1100
Day's range68.19 - 69.74
52-week range56.73 - 74.85
Volume3,419,217
Avg. volume2,974,288
Market cap38.163B
Beta (5Y monthly)0.98
PE ratio (TTM)21.14
EPS (TTM)3.29
Earnings date29 Apr 2020 - 03 May 2020
Forward dividend & yield0.88 (1.28%)
Ex-dividend date13 Feb 2020
1y target est68.88
  • Bloomberg

    Singapore Luxury Co-Living Comes With Steep Prices and No Apologies

    (Bloomberg) -- Co-living concepts are largely similar across Asia. Residents pay for a private room with a bed, and common areas like living, dining, kitchen and often bathroom, are shared.Singapore’s Figment Pte is setting out to change that, offering residents their own piece of the city-state’s history and local flavor.Its residences are heritage shophouses — some built in the 1930s — with differing interior concepts. At one in Little India, a 10-minute drive from the Orchard Road shopping district, the space has a mix of colonial and oriental vibes.At its entrance, columns have been hand painted with animal-patterned chinoiserie by an artist flown in from China’s Fujian province; Islamic-influenced eaves adorn the roof. Stepping into the house, the walls and staircases are chalk white. The floors and kitchen splash-backs are fitted with charcoal tiles. In the living room, a rattan sofa is surrounded by large, leafy plants, evoking the feel of being in one of Singapore’s ‘black and white’ colonial bungalows. Each bedroom has a private ensuite bathroom and kitchenette.While other co-living operators typically organize activities for tenants to bond, like casual weekend barbecues, Figment offers bi-monthly private dinners, inviting well-known Singapore chefs who put a posh spin on local street fare.With those perks and Instagram-worthy interiors come steep prices. A room in one of Figment’s shophouses starts at around S$2,000 ($1,440) a month and can stretch to over S$4,000. Even in Singapore, one of the world’s most expensive property markets, you could easily rent a two- or three-bedroom apartment for that. Figment’s founder and 32-year-old chief executive officer, Fang Wei Low, makes no apologies, saying it’s a key strategy to keep ahead of competitors in what’s becoming crowded market.“What we offer is a response to market demand. We offer boutique homes and there’s demand for that,” Low said. “If other people want cheaper and more minimal options, there are many apartments to choose from. They’re not our customers.”Low started Figment in May last year. The company now has 14 shophouses, each with five suites.Inspiration for Figment came after Low joined the family property business, which centered around buying shophouses and leasing them out to expatriates. A graduate of New York University and Wharton School of the University of Pennsylvania, Low quit the corporate world in 2015 after a two-year stint as a derivatives analyst at Goldman Sachs Group Inc.The co-living sector in Singapore is still in its nascent stages. Operators in the city-state number less than 10 but competition is fierce.There’s rising demand among expats and local millennials seeking alternative living options; many are enticed by co-living’s minimum lease duration of three months versus one year in the conventional rental market. The ability to network over extracurricular activities such as private parties and sporting events is also appealing.Already, consolidation is gathering pace. In January, Hong Kong-based Dash Living, whose backers include Mindworks Ventures and Clearmind Capital, acquired Singapore’s EasyCity. Hmlet, which raised $40 million in a Series B round led by Burda Principal Investments in July, last week signed a new collection of properties in Singapore’s Tiong Bahru, bringing its portfolio of rooms in the city-state to more than 1,000.As the market expands, operators need to offer unique and curated experiences, according to Kishan Pillay, a partner at Singapore-based TSMP Law Corp. “First and foremost, it shouldn’t be a race to the pricing bottom,” he said.It also probably won’t be long before property developers and other real estate firms start buying or partnering with proven co-living operators to get into the sector, Pillay said.“What we offer is a response to market demand. We offer boutique homes and there’s demand for that”Cognizant of that, Fang has other strategies to elevate Figment. Its shophouses offer as much local flavor as possible -- interiors, furniture and homewares are all locally designed and produced.Ceramic mugs, for instance, are made with clay pigments taken from the soil of the shophouses when they were under construction. Wood for some of the homewares comes from local trees. The Singapore-handcrafted laundry bags are fashioned from olive-green canvas, reminiscent of those used by the city-state’s military.Each shophouse also has a distinctive interior. One currently under construction will be decked out in all white, down to five of the six koi in the indoor pond at the base of the staircase. Only one fish will be orange, to accentuate the whiteness of the house.Low also plans to expand Figment to Hong Kong and Sydney, employing the same “hyper local” concept in those two markets.“We don’t want to grow for the sake of growing or you’ll  end up like WeWork,” he said. “We want to stay true to our concept and will be picky when it comes to investors also.”Shruti Swarup, a 34-year-old entrepreneur who’s been living in one of Figment’s shophouses since August, said the space’s sense of history and depth of design were main reasons why she chose to rent a suite instead of going with other co-living options.“I love the fact that these shophouses have both character and convenience,” she said. “They have all the facilities while maintaining an old-world charm.”  To contact the author of this story: Faris Mokhtar in Singapore at fmokhtar1@bloomberg.netTo contact the editor responsible for this story: Katrina Nicholas at knicholas2@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Cognizant (CTSH) Catches Eye: Stock Jumps 9.9%
    Zacks

    Cognizant (CTSH) Catches Eye: Stock Jumps 9.9%

    Cognizant (CTSH) saw a big move last session, as its shares jumped nearly 10% on the day, amid huge volumes.

  • Cognizant (CTSH) Q4 Earnings Beat, Revenues Increase Y/Y
    Zacks

    Cognizant (CTSH) Q4 Earnings Beat, Revenues Increase Y/Y

    Cognizant's (CTSH) fourth-quarter 2019 results reflect solid growth across products and resources, and communications, media and technology segments.

  • Cognizant (CTSH) Q4 Earnings and Revenues Surpass Estimates
    Zacks

    Cognizant (CTSH) Q4 Earnings and Revenues Surpass Estimates

    Cognizant (CTSH) delivered earnings and revenue surprises of 2.88% and 1.45%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Reuters

    Leaner workforce cuts costs for Cognizant, powers quarterly beat

    The company also said Vice Chairman Francisco D'Souza, who co-founded Cognizant and served as the chief executive officer from 2007 to 2019, would step down from the role. Cognizant warned of job cuts in October to invest in growth areas such as cloud and internet of things and cushion the impact from a decline in spending by its financial customers, which the company expected to continue through the second half of 2019.

  • Cognizant A Earnings, Revenue Beat in Q4
    Investing.com

    Cognizant A Earnings, Revenue Beat in Q4

    Investing.com - Cognizant (NASDAQ:CTSH) A reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.

  • Tech Stocks' Earnings Roster for Feb 5: CTSH, PAYC & More
    Zacks

    Tech Stocks' Earnings Roster for Feb 5: CTSH, PAYC & More

    Here is a sneak peek into how Cognizant, Paycom, Twilio and Ceridian are poised ahead of their upcoming earnings releases on Feb 5.

  • Cognizant (CTSH) to Report Q4 Earnings: What's in Store?
    Zacks

    Cognizant (CTSH) to Report Q4 Earnings: What's in Store?

    Cognizant's (CTSH) fourth-quarter 2019 results are likely to reflect strength in areas like automation, digital engineering, cloud and IoT amid weakness in banking and healthcare.

  • Earnings Preview: Cognizant (CTSH) Q4 Earnings Expected to Decline
    Zacks

    Earnings Preview: Cognizant (CTSH) Q4 Earnings Expected to Decline

    Cognizant (CTSH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Cognizant (CTSH) Named a Leader Among SAP Service Providers
    Zacks

    Cognizant (CTSH) Named a Leader Among SAP Service Providers

    Cognizant's (CTSH) continued investments and acquisitions to drive growth amid stiff competition in IT services market pay off.

  • Why Cognizant (CTSH) is Poised to Beat Earnings Estimates Again
    Zacks

    Why Cognizant (CTSH) is Poised to Beat Earnings Estimates Again

    Cognizant (CTSH) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Is It Worth Buying Cognizant Technology Solutions Corporation (NASDAQ:CTSH) For Its 1.3% Dividend Yield?
    Simply Wall St.

    Is It Worth Buying Cognizant Technology Solutions Corporation (NASDAQ:CTSH) For Its 1.3% Dividend Yield?

    Dividend paying stocks like Cognizant Technology Solutions Corporation (NASDAQ:CTSH) tend to be popular with...

  • Has Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Improved Earnings Growth In Recent Times?
    Simply Wall St.

    Has Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Improved Earnings Growth In Recent Times?

    After looking at Cognizant Technology Solutions Corporation's (NasdaqGS:CTSH) latest earnings announcement (30...

  • Cognizant (CTSH) Q3 Earnings Beat, Revenues Increase Y/Y
    Zacks

    Cognizant (CTSH) Q3 Earnings Beat, Revenues Increase Y/Y

    Cognizant Technology Solutions' (CTSH) third-quarter 2019 results benefit from continued strength in digital revenues, driven by strong demand for engineering solutions and services.

  • Reuters

    Facebook contractor Cognizant to exit some content moderation businesses

    The exit from some parts of the content moderation business will hurt financial performance in the coming year, Cognizant said. Cognizant had about 500 workers in India's southern city of Hyderabad looking for sensitive topics or profane language in Facebook videos, Reuters reported in May. The Verge also reported that some Cognizant employees scouring potentially objectionable content for Facebook faced difficult conditions. "We'll work with our partners during this transition to ensure there's no impact on our ability to review content and keep people safe," said Arun Chandra, vice president of scaled operations at Facebook.

  • Cognizant (CTSH) Q3 Earnings and Revenues Top Estimates
    Zacks

    Cognizant (CTSH) Q3 Earnings and Revenues Top Estimates

    Cognizant (CTSH) delivered earnings and revenue surprises of 2.86% and 0.91%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Cognizant A Earnings, Revenue Beat in Q3
    Investing.com

    Cognizant A Earnings, Revenue Beat in Q3

    Investing.com - Cognizant (NASDAQ:CTSH) A reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.

  • Cognizant (CTSH) to Report Q3 Earnings: What's in Store?
    Zacks

    Cognizant (CTSH) to Report Q3 Earnings: What's in Store?

    Cognizant's (CTSH) third-quarter 2019 results are likely to reflect weakness in the financial services technology and healthcare sectors.

  • Earnings Preview: Cognizant (CTSH) Q3 Earnings Expected to Decline
    Zacks

    Earnings Preview: Cognizant (CTSH) Q3 Earnings Expected to Decline

    Cognizant (CTSH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • We Think Cognizant Technology Solutions (NASDAQ:CTSH) Can Manage Its Debt With Ease
    Simply Wall St.

    We Think Cognizant Technology Solutions (NASDAQ:CTSH) Can Manage Its Debt With Ease

    Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

  • Cognizant Set to Buy Technology Consulting Firm Contino
    Zacks

    Cognizant Set to Buy Technology Consulting Firm Contino

    Cognizant's (CTSH) buyout of Contino is expected to boost its digital engineering processes to design and build customer-centric products.

  • PR Newswire

    Cognizant to Acquire Contino, a Premier Enterprise DevOps and Cloud Transformation Consultancy

    TEANECK, New Jersey, Oct. 16, 2019 /PRNewswire/ -- Cognizant (CTSH) today announced it has entered into an agreement to acquire Contino, a privately-held technology consulting firm. Contino specializes in helping Global 2,000 clients accelerate their digital transformation by leveraging enterprise DevOps methodologies, a cloud-native development approach, and advanced data platforms. Headquartered in London, Contino has approximately 350 employees worldwide with operations in the United Kingdom, the United States and Australia.

  • Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Is Employing Capital Very Effectively
    Simply Wall St.

    Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Is Employing Capital Very Effectively

    Today we'll evaluate Cognizant Technology Solutions Corporation (NASDAQ:CTSH) to determine whether it could have...

  • Are Investors Undervaluing Cognizant (CTSH) Right Now?
    Zacks

    Are Investors Undervaluing Cognizant (CTSH) Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

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