Cognizant Expects Q1 Revenue To Be $4.68B-$4.76B (Est 4.774B), A Decline Of 2.7%-1.2%, Or A Decline Of 3.0%-1.5% In Constant Currency
Portfolio Pulse from Benzinga Newsdesk
Cognizant Technology Solutions Corp. (CTSH) forecasts its Q1 revenue to be between $4.68B and $4.76B, falling short of the estimated $4.774B. This represents a decline of 2.7% to 1.2%, or 3.0% to 1.5% in constant currency terms.
February 06, 2024 | 9:05 pm
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Cognizant Technology Solutions Corp. (CTSH) anticipates a Q1 revenue shortfall, projecting figures below the estimated $4.774B, indicating a revenue decline.
Cognizant's projected revenue shortfall and expected decline, compared to estimates, could lead to negative investor sentiment in the short term, potentially impacting the stock price negatively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100