Cognizant Technology Solutions Corporation (NASDAQ:CTSH) persists its position slightly strong in context of buying side, while shares price shows upbeat performance surged 2.75% during latest trading session. Cognizant Technology Solutions Corporation announced that it has entered into a cooperation agreement with Elliott Management.
Francisco D’Souza, Cognizant’s Chief Executive Officer said, “We are pleased to be working with Elliott and look forward to welcoming new colleagues to the Board. In addition, as part of recently’s full-year earnings release, we reported a plan to accelerate our shift to digital, expand margin targets and launch a robust new capital return program. Taken together, these initiatives will make Cognizant even stronger. I am confident that we are well-positioned to drive long-term shareholder value as we continue investing in exciting new areas of growth for Cognizant and our clients around the world.”
Analysts Practices; to watch unbiased undervalue securities, there is need to see following technical rations. CTSH holds price to earnings ratio of 22.68 that presents much better indication for a stock’s value than the market price alone. Based on historic views, the average P/E ratio in market fluctuates between 15 to 25, but alone low P/E ratio does not necessarily mean that a company is undervalue.
Narrow down focus to other ratios, the co has current ratio of 3.60 that indicates if CTSH lies in 1.3% to 3% then it is acceptable for both active and passive investors, but sometimes its varies industry to industry. Generally, it indicates good short-term financial strength. Street is more conscious on this after SunEdison, Inc. case. To make strengthen these views, the active industry firm has Quick Ratio of 3.60, which indicates firm has sufficient short-term assets to cover its immediate liabilities. In addition, the firm has debt to equity ratio of 0.09, sometimes its remain same with long term debt to equity ratio.
Ciber, Inc. (NYSE:CBR) also run on active notice, stock price crashed down -1.70% after traded at $0.39 in most recent trading session.
CBR price to current year EPS stands at 118.50%. Whereas the traders who further want to see about this, may be interested to see Price to next year’s EPS that would be 44.20%. Moving toward ratio analysis, it has current ratio of 1.40 and quick ratio was calculated as 1.40. The debt to equity ratio appeared as 0.24 for seeing its liquidity position.
Taking notice on volatility measures, price volatility of stock was 20.59% for a week and 18.99% for a month. The price volatility’s Average True Range for 14 days was 0.08. On these bases, analysts would recommend this stock as an “Active Revolving Stocks.” The firm attains analyst recommendation of 2.00 out of 1-5 scale with week’s performance of 78.73%. CBR’s institutional ownership was registered as 66.30%, while insider ownership was 9.30%.