CTSH

Over the past six months (April 2026 - October 2026), Cognizant's stock price experienced fluctuations, declining 13.70% from $67.80 on October 6, 2025, to $58.51 on October 2, 2026. The stock fell 1.10% over the last month and 3.09% compared to the previous week, with a year-to-date decrease of 28.67%. In Q1 2026, revenue grew 5.8% year-over-year to $5.4 billion, adjusted EPS rose 13.8% to $1.40, and bookings increased by 21% driven by seven large deals. Despite these positive operating results, the stock saw a significant year-to-date loss of 36% by June 9, 2026, attributed to investor concerns that AI could reduce the need for consultants. On April 29, 2026, Cognizant announced the acquisition of Astreya, an AI infrastructure specialist, for $600 million and raised its full-year 2026 adjusted operating margin guidance. More recently, on October 8, 2026, the stock slipped after the U.S. Labor Secretary announced the suspension of Cognizant and other IT outsourcing firms from the Permanent Labor Certification Program, citing abuse of the system, which was noted as a material operational and reputational concern. This occurred despite recent positive corporate developments, including a five-year AI-enabled DevOps contract extension with Gilead Sciences and a cloud finance transformation partnership with SITA, and Wedbush reiterating an 'Outperform' rating and a $70 price target on October 2, 2026.