Cognizant Technology Solution Sees Q2 2024 Revenue $4.75B-$4.82B Vs $4.821B Est.
Portfolio Pulse from Benzinga Newsdesk
Cognizant Technology Solution projects its Q2 2024 revenue to be between $4.75B and $4.82B, which is slightly below the estimated $4.821B.

May 01, 2024 | 8:04 pm
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Cognizant Technology Solution anticipates Q2 2024 revenue to range from $4.75B to $4.82B, marginally below the analyst estimate of $4.821B.
Cognizant's projected revenue for Q2 2024 falls short of the market's expectations, which could lead to negative investor sentiment and potentially a decrease in stock price in the short term. The slight miss in revenue forecast, although marginal, is critical for investors as it indicates a potential slowdown or challenges in meeting market expectations.
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IMPORTANCE 90
RELEVANCE 100