Cognizant stock jumps more than 11% after quarterly results, share repurchases, and AI initiatives
Cognizant Technology Solutions Corp Class A (CTSH) stock surged over 11% following strong Q2 revenue of $5.5 billion, significant share repurchases of $1.1 billion, and the launch of an EMEA-focused AI unit. Despite a positive market response and bullish short-term technical indicators, analysts caution …