Cognizant Technology SolutionsNASDAQ: CTSH

Cognizant (CTSH) introduces Neuro Edge. The suite empowers businesses with real-time, secure AI at the edge for faster decisions and operational efficiency across industries.

With AI being all the rage, it's no surprise that investors want to get their hand into the “cookie jar” of AI-adjacent stocks. Big data companies are going to be one of the biggest winners from this surge — they provide the data through which models are trained.

Platform enables real-time AI-enabled data processing across industries, enhancing data privacy and operational efficiency. TEANECK, N.J.

Cognizant (CTSH) partners with TDECU to boost efficiency and member experience through AI-driven transformation, aiming for accelerated growth and enhanced productivity.

Cognizant (CTSH) expands its partnership with Cengage Group to boost operational efficiency and digital transformation in education, leveraging advanced technology services and Gen AI.

Cognizant is down by more than 20% since March 2022 as its revenues declined. This thesis aims to show that through an acquisition and Gen-AI-related opportunities, growth should be back in FY-2024. However, as a disruptive technology, Gen AI also comes with risks for Cognizant as a provider of IT outsourcing services.

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The recently announced acquisition of Belcan serves as an indication of Cognizant's potential inorganic growth opportunities for the medium to long term. I am anticipating that CTSH will report a Q2 2024 top-line beat, considering market share gains and better-than-expected IT budgets. I revise my rating for Cognizant stock to a Buy in light of potential positive revenue surprises.

Cognizant (CTSH) accelerates Gentherm's advancement in automotive and medical thermal tech with advanced engineering, validation and cloud-native expertise from Hyderabad.