Featured Stock of the Week: COGNIZANT
Ticker Symbol: CTSH
Founded: January 26, 1994
Market Cap: $39.5B
2016 Rev.: $13.5B
Founder: Kumar Mahadeva
CEO: Francisco D’Souza
HQ: Teaneck, New Jersey, USA
52-Wk Low: 45.44
52-Wk High: 68.18
Cognizant was recently named a “Leader” and a “Star Performer” by Everest Group!
Ray Dalio has a $1M stake in Cognizant, acquired at an average price of $52.72 per share.
Cognizant at a Glance:
With over 260,000 employees, Cognizant Technology Solutions Corp is a global corporation that provides digital, consulting and operations services.
The company was originally an in-house technology unit of Dun & Bradstreet that handled large scale IT projects, but started handling requests outside of the company in 1996. Cognizant has experienced phenomenal growth since then: in fact Cognizant was named in Fortune magazine’s list of “100 Fastest-Growing Companies” for ten consecutive years from 2003 to 2012! As well as being a component of the S&P 500, Cognizant got added to the NASDAQ-100 Index in 2004.
At the heart of the business is the organization-wide Cognizant Business Consulting (CBC) team. Keeping this team up to date with the latest talent is no small task; in fact, Cognizant is among the largest recruiters of MBAs in the industry!