Cognizant (CTSH)
NASDAQInformation TechnologyInformation Technology ServicesSnapshot 2026-11-04
$66.54+1.16%
Close 2026-11-05 · 1-day change
NASDAQInformation TechnologyInformation Technology ServicesSnapshot 2026-11-04
QuarterlyIQ Insights · CTSH
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 4.1% |
| Our one-year growth estimate | diamond | 4.1% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
No outside relationship met the current evidence threshold.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The two one-year growth estimates are about the same.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 23 industry peers · Company calendar date is not available
CTSH — credit agreement
Dated 2026-10-06
Entry into a Material Definitive Agreement. On October 5, 2026 (the “Closing Date”), Cognizant Technology Solutions Corporation (the “Borrower” and together with its consolidated subsidiaries, the “Company”) and Cognizant Worldwide Limited (the “Designated Borrower” and, together with the Borrower, the “Borrowers”), a wholly-owned subsidiary of the Borrower, entered into a new credit agreement (the “Credit Agreement”) by and among the Borrower, the Designated Borrower, certain financial insti…
Why it matters: Management set Q4 growth guidance at 3.0% to 4.5%. A result below the range would weaken the recent growth story.
Worry ifQ4 2026 revenue growth is below 3.0% year over year, or constant-currency growth is below 3.2%.
Less concerning ifQ4 revenue growth lands within or above the 3.0% to 4.5% range.
Why it matters: Cognizant entered a new credit agreement on October 5. The supplied event summary does not show its full terms, so the filing matters.
Watch forThe filed agreement shows borrowing terms and use that do not raise stated debt costs. It adds no new limits on capital spending.
Also watch forThe filed agreement shows higher borrowing costs, tighter limits, or a large new borrowing need.
Why it matters: Q3 bookings fell 7% year over year, even as trailing-year bookings rose 4%. A recovery would support future revenue.
Watch forQ4 bookings rise year over year after the Q3 decline.
Also watch forQ4 bookings fall year over year again, extending the Q3 decline.
Why it matters: Q3 adjusted margin reached 16.3%, up 30 basis points year over year. The full-year goal is about 16.1%.
Supportive ifFull-year 2026 adjusted operating margin is at least 16.1%. It grows by 30 basis points or more year over year.
Worry ifFull-year adjusted operating margin is below 16.1%, or does not grow year over year.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$186 on $10,000 · ±1.9% | How much price usually moves either way. |
| Bad day | $417 loss on $10,000 · 4.2% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $5,511 loss on $10,000 · 55.1% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.