Cognizant Income Statement Research
CTSH Stock | USD 67.77 0.43 0.63% |
Cognizant |
Most accounts from Cognizant Technology's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Cognizant Technology current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Cognizant Technology Valuation and Cognizant Technology Correlation analysis. As of now, Cognizant Technology's Other Operating Expenses is increasing as compared to previous years. The Cognizant Technology's current Operating Income is estimated to increase to about 3.1 B, while Depreciation And Amortization is projected to decrease to under 260.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 6.9B | 7.0B | 6.2B | 3.2B | Total Revenue | 18.5B | 19.4B | 19.4B | 20.3B |
Cognizant Technology income statement Correlations
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Cognizant Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cognizant Technology income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Interest Expense | 27M | 26M | 24M | 9M | 41M | 43.1M | |
Total Revenue | 16.8B | 16.7B | 18.5B | 19.4B | 19.4B | 20.3B | |
Gross Profit | 6.1B | 6.0B | 6.9B | 7.0B | 6.2B | 3.2B | |
Operating Income | 2.5B | 2.1B | 2.8B | 3.0B | 2.9B | 3.1B | |
Ebit | 2.5B | 2.1B | 2.8B | 3.0B | 2.9B | 3.1B | |
Ebitda | 3.4B | 3.0B | 3.4B | 3.6B | 3.5B | 3.6B | |
Cost Of Revenue | 10.6B | 10.7B | 11.6B | 12.4B | 13.2B | 13.8B | |
Income Before Tax | 2.5B | 2.1B | 2.8B | 3.0B | 2.8B | 2.9B | |
Net Income | 1.8B | 1.4B | 2.1B | 2.3B | 2.1B | 2.2B | |
Income Tax Expense | 643M | 704M | 693M | 730M | 668M | 369.8M | |
Tax Provision | 643M | 704M | 693M | 730M | 666M | 589.5M | |
Interest Income | 177M | 176M | 119M | 30M | 59M | 84.6M |
Pair Trading with Cognizant Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cognizant Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cognizant Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Cognizant Stock
0.88 | G | Genpact Limited Financial Report 8th of May 2024 | PairCorr |
Moving against Cognizant Stock
0.64 | FIS | Fidelity National Financial Report 25th of April 2024 | PairCorr |
0.43 | DTST | Data Storage Corp | PairCorr |
0.41 | FI | Fiserv Inc Symbol Change | PairCorr |
The ability to find closely correlated positions to Cognizant Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cognizant Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cognizant Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cognizant Technology Solutions to buy it.
The correlation of Cognizant Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cognizant Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cognizant Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cognizant Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Cognizant Technology Valuation and Cognizant Technology Correlation analysis. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Cognizant Stock analysis
When running Cognizant Technology's price analysis, check to measure Cognizant Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cognizant Technology is operating at the current time. Most of Cognizant Technology's value examination focuses on studying past and present price action to predict the probability of Cognizant Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cognizant Technology's price. Additionally, you may evaluate how the addition of Cognizant Technology to your portfolios can decrease your overall portfolio volatility.
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Is Cognizant Technology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cognizant Technology. If investors know Cognizant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cognizant Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.107 | Dividend Share 1.17 | Earnings Share 4.21 | Revenue Per Share 38.323 | Quarterly Revenue Growth (0.02) |
The market value of Cognizant Technology is measured differently than its book value, which is the value of Cognizant that is recorded on the company's balance sheet. Investors also form their own opinion of Cognizant Technology's value that differs from its market value or its book value, called intrinsic value, which is Cognizant Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cognizant Technology's market value can be influenced by many factors that don't directly affect Cognizant Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cognizant Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cognizant Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cognizant Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.