Cognizant (CTSH) Boosts ER&D Capabilities With Belcan Buyout [Yahoo! Finance]
Cognizant Technology Solutions Corporation - Class A (CTSH)
Last cognizant technology solutions corporation - class a earnings: 2/5 04:01 pm
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Source: Yahoo! Finance
The acquisition, valued at approximately $1.3 billion in cash and stock, will enhance Cognizant's capabilities in mission-critical Engineering Research & Development (ER&D) services across key sectors, including aerospace, defense, space, marine, and industrial. With Belcan's deep domain expertise, blue-chip client base and robust workforce of more than 6,500 engineers and technical consultants, Cognizant aims to tap into the $190-billion ER&D services market, which is likely to register a compound annual growth rate (CAGR) of over 10% through 2026. The acquisition is anticipated to generate more than $800 million in annualized revenues for Cognizant in 2024. It promises substantial growth opportunities, including expected earnings accretion by 2026 and more than $100 million in annual revenue synergies within three years. Cognizant Technology Solutions Corporation Price and Consensus Cognizant Technology Solutions Corporation price-consensus-chart | Cognizant Technology Solu
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CTSH
News
- Cognizant and Gentherm Sign Agreement for Strategic Product Engineering Services and Development of a New Delivery CenterPR Newswire
- Cognizant (CTSH) Streamlines Healthcare With AI-Powered LLMs [Yahoo! Finance]Yahoo! Finance
- Cognizant Launches First Set Of Healthcare Large Language Model Solutions As Part Of Generative AI Partnership With Google CloudPR Newswire
- Cognizant Technology Solutions Co. (NASDAQ: CTSH) had its "neutral" rating re-affirmed by analysts at Mizuho. They now have a $82.00 price target on the stock.MarketBeat
- Cognizant (CTSH) Rides on Expanding Clientele, Partner Base [Yahoo! Finance]Yahoo! Finance
CTSH
Earnings
- 5/1/24 - Beat
CTSH
Sec Filings
- 6/10/24 - Form 4
- 6/10/24 - Form 4
- 6/10/24 - Form 4
- CTSH's page on the SEC website