Cognizant (CTSH.US) is a leading American multinational technology services and consulting company with a market capitalization of $33.42 billion as of August 2, 2023. Founded in 1994 as a division of The Dun & Bradstreet Corporation, it later became an independent company in 1996. The company provides a wide range of IT services, including software development, business process outsourcing, and consulting to clients worldwide.
Cognizant has experienced rapid growth since its inception, expanding its global footprint and establishing itself as a major player in the IT services industry. It went public in 1998, listing on the US100 stock exchange. With a focus on digital transformation and innovation, it continues to deliver cutting-edge solutions to help businesses navigate the complexities of the modern digital landscape.
In the last five years, Cognizant has experienced both highs and lows. The lowest stock price reached was $40.01 in March 2020, triggered by the COVID-19 pandemic. Conversely, the highest stock price reached was $93.47 in March 2022.
One trading strategy that traders might use when analyzing this stock is trend-following. This strategy relies on identifying an upward or downward trend in the stock price. Traders may use various technical indicators, such as moving averages or the Relative Strength Index (RSI), to identify an upward or downward trend over a specific time frame. Depending on the timeframe and trend identified, traders might consider adjusting their trading strategy or even entering a position in the stock.
Other trading tools and indicators you may consider learning about and using include the MACD, Ichimoku, Bollinger Bands, and Candlesticks analysis. By employing technical analysis combined with sound judgment and proper risk management, traders may make better trading decisions.
Before you trade, it's important to consider the competitors that could impact Cognizant stock's performance. They include:
- Accenture Plc (ACN.US) is a global professional services company, providing consulting, technology, and outsourcing solutions. With a strong focus on digital transformation and innovation, Accenture helps clients from various industries navigate complex business challenges and improve performance.
- IBM (IBM.US) is an American multinational technology company with a long and illustrious history. Established in 1911, IBM has been a pioneer in computer hardware, software, and IT services. The company is known for its expertise in enterprise solutions, cloud computing, artificial intelligence, and blockchain technologies.
Both of these competitors are prominent players in the technology and consulting industries and hence should be considered when considering trading Cognizant shares.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.