CTSH Stock Fair Value – Cognizant Technology Solutions Acquires Thirdera to Expand ServiceNow Offerings
December 17, 2023
☀️Trending News
Cognizant Technology Solutions ($NASDAQ:CTSH), a leading multinational provider of IT services, has recently acquired Thirdera to expand its ServiceNow offerings. Through this acquisition, Cognizant looks to bolster its ServiceNow capabilities and become a leader in the digital workplace market. Thirdera, a California-based software company, runs cloud-based systems on the ServiceNow platform to help companies in transforming their digital workplace. Its platform includes solutions for collaboration, customer service, mobility, and security.
With its acquisition by Cognizant, Thirdera’s cutting-edge technology and expertise will be integrated into Cognizant’s ServiceNow offerings. This move will enable Cognizant to better serve its current and future clients, and to capture more of the expanding digital workplace market. This is the latest in a series of strategic business acquisitions made by Cognizant in recent years in order to stay on top of the ever-evolving technology landscape and provide customers with the most comprehensive services.
Price History
The acquisition will enable COGNIZANT TECHNOLOGY SOLUTIONS to offer their customers a wide range of ServiceNow solutions including implementation, integration, and custom development services. ServiceNow is a cloud-based platform designed to help businesses manage their digital workflows from end-to-end. By expanding their ServiceNow offerings, COGNIZANT TECHNOLOGY SOLUTIONS will be able to provide more customized solutions to their clients and better serve their needs.
The acquisition of Thirdera will give COGNIZANT TECHNOLOGY SOLUTIONS access to the latter’s experienced workforce and their innovations in the ServiceNow space. Furthermore, this acquisition will allow COGNIZANT TECHNOLOGY SOLUTIONS to streamline their internal operations and provide better service to their customers. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CTSH. More…
| Total Revenues | Net Income | Net Margin |
| 19.43k | 2.09k | 11.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CTSH. More…
| Operations | Investing | Financing |
| 2.29k | -577 | -1.58k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CTSH. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 18.08k | 5.2k | 25.69 |
Key Ratios Snapshot
Some of the financial key ratios for CTSH are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.1% | 3.6% | 14.4% |
| FCF Margin | ROE | ROA |
| 10.1% | 13.5% | 9.6% |
Analysis – CTSH Stock Fair Value
GoodWhale recently conducted an analysis of COGNIZANT TECHNOLOGY SOLUTIONS’s wellbeing. Our proprietary Valuation Line calculated the fair value of COGNIZANT TECHNOLOGY SOLUTIONS’s share to be around $78.7. However, the current market price for COGNIZANT TECHNOLOGY SOLUTIONS’s stock is only $73.2, which is 6.9% below the fair value. This suggests that the stock is currently undervalued, making it a good investment option for those looking to capitalize on this opportunity. More…
Peers
Cognizant Technology Solutions Corp is a leading provider of information technology, consulting, and business process outsourcing services. It has a strong presence in India, the United States, and Europe. The company operates in four segments: Banking and Financial Services, Healthcare, Manufacturing, and Retail, Consumer Goods, and Logistics. Cognizant’s competitors include Accenture PLC, Genpact Ltd, Shunliban Information Service Co Ltd, and others.
– Accenture PLC ($NYSE:ACN)
Accenture PLC is a professional services company that provides consulting, technology, and outsourcing services. It has a market cap of 166.38B as of 2022 and a Return on Equity of 26.56%. The company operates in more than 200 countries and employs more than 373,000 people.
– Genpact Ltd ($NYSE:G)
Genpact is a global professional services firm that offers a range of services in the areas of consulting, digital transformation, technology, and operations. The company has a market cap of $8.29 billion and a return on equity of 17.54%. Genpact has a strong focus on digital transformation and offers a range of services that helps businesses to digitally transform their operations. The company has a strong client base and a strong track record in delivering results.
– Shunliban Information Service Co Ltd ($SZSE:000606)
Shunliban Information Service Co Ltd is a Chinese company that provides information services. It has a market cap of 1.34 billion as of 2022 and a return on equity of 130.37%. The company offers services such as data analysis, information management, and online marketing. It also provides software development and consultation services.
Summary
Cognizant Technology Solutions, a leader in IT services, recently acquired Thirdera, a ServiceNow business. This move will help to strengthen and expand Cognizant’s ServiceNow capabilities. The acquisition is seen as a great opportunity for investors to gain exposure to a leading provider of digital transformation services. It is expected to be a lucrative deal for Cognizant, as they now have access to Thirdera’s advanced technology, resources, and expertise. With this acquisition, Cognizant can further expand its presence in the ServiceNow market and meet the growing demand for digital transformation services.
Additionally, this move is expected to boost Cognizant’s profitability and provide investors with excellent long-term returns as the company continues to expand its portfolio of digital solutions.
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