NASDAQ · CTSH
Cognizant Technology Solutions Corporation
Technology · Information Technology Services
$58.51▼ 3.89% ($2.37)at close
After hours$58.65▲ 0.24%7:55 PM ET
Valuation
Cash-flow DCF
Verdict: cheap. Price below all scenarios.
The price holds with free cash flow shrinking 7.4% a year for 5 years. Our scenarios assume −2.6–16.4%.
That's below its past 10-year pace of 1.4%.
Value per share
Base case
$87.75
Price used $58.51 is 33% below this
USD · TTM ending Jun 30, 2026 · Price Oct 2, 8:00 PM UTC
Reported total debt includes capitalised leases (~26% of the total). They are excluded from net debt and from the WACC weights because rent is already charged inside operating income. The Net Debt shown here is therefore lower than the balance-sheet figure elsewhere on this page.
Free cash flow each value needs
Free cash flow today $2.7B. The price needs $2.2B by 2036. Base case: $3.5B. At its recent pace: $3.1B. Bear to Bull: $2.8B to $9B.
Free cash flow today $2.7B. The price needs $2.2B by 2036. Base case: $3.5B. At its recent pace: $3.1B. Bear to Bull: $2.8B to $9B.
Free cash flow in 2036
today $2.7B
−$1.3Bless than the Base case
Value per share · Base case
$87.75
Price $58.51
33% below this
- Stage 1 growth, yrs 1–5
- 1.4%
- Stage 2 growth, yrs 6–10
- 3.5%
- Discount rate
- 9.4%
Reported total debt includes capitalised leases (~26% of the total). They are excluded from net debt and from the WACC weights because rent is already charged inside operating income. The Net Debt shown here is therefore lower than the balance-sheet figure elsewhere on this page.
USD · TTM ending Jun 30, 2026 · Price Oct 2, 8:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 12.67% over the last year. Revenue grew 5.64% over the trailing twelve months. Operating margin moved from 15.42% to 15.76%. Free cash flow grew 13.85% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price, and the shares now sit around the 3rd percentile of their historical P/FCF range. That looks more like a rerating of the multiple than a collapse in the business.
What would invalidate this read
This read changes if operating margin (currently 15.76%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Return analysis
Company profile
Cognizant Technology Solutions Corporation functions as a global professional services firm, delivering a comprehensive suite of consulting, technology, and outsourcing solutions across North America, Europe, and other international markets.
Market multiples
Stock splits
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 3
Every 1 shares became 2
Profitability & growth
Analyst consensus
23
Buy
23
Hold
5
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Nov 4, 2026
Q3 FY26 · EPS est $1.46 · Revenue est $5.64B
View
Institutional Sentiment
Cognizant Technology Solutions Corporation · CTSH
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.