Cognizant Tech Solns 주식 (NASDAQ: CTSH)

에 대한 최신 뉴스 Cognizant Tech Solns (NASDAQ:CTSH) 주식

Cognizant Tech Solns

Cognizant is a global IT services provider, offering consulting and outsourcing services to some of the world's largest enterprises spanning the financial services, media and communications, healthcare, natural resources, and consumer products industries. Cognizant employs nearly 300,000 people globally, roughly 70% of whom are in India, although the company's headquarters are in Teaneck, New Jersey.

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마이크로스트레티지(NASDAQ:MSTR)의 CEO인 마이클 세일러는 도널드 트럼프가 이끄는 공화당의 승리가 지난 4년간 비트코인(CRYPTO: BTC) 강세에 &#34;가장 큰&#34; 촉매제였다고 평가했다.

마이클 세일러, 비트코인 $10만 파티 계획 중: 트럼프 집권 하 암호화폐에 대한 전쟁 종식 기대

9월 초 이후 비트코인(CRYPTO: BTC) 강세 전환은 마이크로스트레티지(NASDAQ:MSTR) 주가에 긍정적으로 반영되었다. 마이크로스트레티지의 시가총액이 지난 2개월 동안 500억 달러 증가했다.

비트코인 대리 종목 마이크로스트레티지, 지난 2개월간 시가총액 225% 증가

Cognizant Technology Solutions Corporation - Class A Common Stock

Cognizant Technology Solutions Corp

Morgan Stanley analyst James Faucette maintains Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) with a Equal-Weight and raises the price target from $75 to $80.

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Morgan Stanley Maintains Equal-Weight on Cognizant Tech Solns, Raises Price Target to $80

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Live On CNBC, Segment Titled Josh's Best Stocks: Acenture, Gartner, Cognizant Technology Solutions; Shares See Volume To The Upside

Cognizant will provide AI-driven solutions to enhance customer service, employee engagement, and business value
TEANECK, N.J., Jan. 30, 2025 /PRNewswire/ -- <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4351485-1&amp;h=3797028251&amp;u=https%3A%2F%2Fwww.cognizant.com%2Fus%2Fen&amp;a=Cognizant">Cognizant</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) has announced an expansion of its longstanding relationship with biopharmaceutical leader <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4351485-1&amp;h=2804915010&amp;u=https%3A%2F%2Fwww.gilead.com%2F&amp;a=Gilead+Sciences">Gilead Sciences</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>) that aims to unlock even greater value for Gilead as it advances innovations to prevent and treat life-threatening diseases. The expanded agreement aims to deliver greater cost leadership and productivity enhancement for Gilead while seeking to extract greater value from the existing relationship. Leveraging machine learning and generative AI within an agentic framework, the work addresses multiple use cases across customer service, employee interactions, and business value management. Gilead is expected to enhance its efficiency through leveraging Cognizant's expertise in AI and advanced technology applications. By deploying these cutting-edge solutions across the value chain, Cognizant aims to help Gilead achieve significant benefits through a newly optimized financial framework.

GILD

Cognizant And Gilead Expand Partnership To Drive Greater Value Through Advanced Technology Applications

Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) has outperformed the market over the past 20 years by 2.94% on an annualized basis producing an average annual return of 11.35%. Currently, Cognizant Tech Solns has a market capitalization of $39.41 billion. 
Buying $1000 In CTSH: If an investor had bought $1000 of CTSH stock 20 years ago, it would be worth $8,425.65 today based on a price of $79.49 for CTSH at the time of writing.
<h3>Cognizant Tech Solns's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737990908_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 20 Years Ago, You Would Have This Much Today

Cognizant Technology Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) and McDonald&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) have extended their partnership <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/n43094755/cognizant-and-mcdonalds-renew-strategic-partnership-to-transform-global-enterprise-systems-focus-o" rel="noreferrer noopener">with a multi-year renewal</a>.
This collaboration, which began in 2017, aims to leverage cutting-edge technologies to improve McDonald&#8217;s operational efficiency, employee support, and overall customer experience.
The renewed agreement will help optimize critical McDonald&#8217;s functions, including financial systems and human resources management, covering areas like payroll, franchisee oversight, and legal processes.
Cognizant will keep supporting McDonald&#8217;s in refining its operations and converting systems into advanced, cloud-based solutions, Enterprise AI, and Generative AI.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/01/43027043/target-posts-strong-holiday-sales-stock-surges" rel="noreferrer noopener">Target&#8217;s Holiday Sales Surge 2.8%: Digital Growth And Black Friday Wins Drive Results</a>
&#8220;Our collaboration has enabled the transformation from a legacy enterprise to a modern cloud-based business, delivering exceptional value,&#8221; said&nbsp;Anup Prasad, Senior Vice President and Head of the Consumer Business Unit, Cognizant.
&#8220;We look forward to leveraging Cognizant&#8217;s differentiated platforms such as Cognizant Neuro&#xAE; IT Operations and Skygrade, for better observability, reliability and agility at McDonald&#8217;s.&#8221;
Price Action: MCD shares are trading lower by 0.34% at $280.00 at the last check Tuesday.
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Image via Shutterstock.

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McDonald's And Cognizant Renew Partnership To Boost Cloud Transformation

Cognizant Technology Solutions Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) shares are trading higher premarket on Tuesday. The company has inked a partnership with CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/n43088824/cognizant-and-crowdstrike-partner-to-drive-enterprise-cybersecurity-transformation" rel="noreferrer noopener">to enhance enterprise security</a>.
The collaboration will leverage CrowdStrike&#8217;s AI-powered Falcon cybersecurity platform to help organizations streamline security operations, consolidate legacy products, simplify cybersecurity management, and improve security posture using Falcon Next-Gen SIEM and Falcon Cloud Security.
Ravi Kumar S, CEO, Cognizant said, &#8220;As the enterprise digital landscape evolves, it is crucial to leverage AI for cybersecurity and cloud-native security technologies to help stay ahead of threats and ensure the resilience of our clients&#8217; infrastructure.&#8221;
George Kurtz, CEO and founder, CrowdStrike added, &#8220;CrowdStrike&#8217;s AI-native Falcon platform with Cognizant&#8217;s extensive expertise in technology transformation offers customers best-in-class protection, performance, and efficiency.&#8221;
Last week, Cognizant introduced its Neuro AI Multi-Agent Accelerator and Multi-Agent Service Suite, which is expected to <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/n43020076/cognizant-leads-enterprises-into-next-generation-of-ai-adoption-with-neuro-ai-multi-agent-accelera" rel="noreferrer noopener">accelerate AI agent adoption</a>.
The company is expected to release fourth-quarter <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">results on February 5, 2025</a>.
Investors can gain exposure to the stock via Northern Lights Fund Trust IV Monarch Dividend Plus Index ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MDPL#BATS">MDPL</a>) and ETF Opportunities Trust Formidable Fortress ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KONG#NYSE">KONG</a>).
Price Action: CTSH shares are up 2.81% at $80.00 premarket at the last check Tuesday.
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Cognizant Teams with CrowdStrike To Fortify Enterprise Defense Systems

New agreement aims to drive innovation and operational excellence in global finance and human capital management
TEANECK, N.J. and CHICAGO, Jan. 21, 2025 /PRNewswire/ -- <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4344251-1&amp;h=1368987055&amp;u=https%3A%2F%2Fwww.cognizant.com%2Fus%2Fen&amp;a=Cognizant">Cognizant</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>)&nbsp;and <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4344251-1&amp;h=1542680950&amp;u=https%3A%2F%2Fcorporate.mcdonalds.com%2Fcorpmcd%2Fhome.html&amp;a=McDonald%27s+Corporation">McDonald's Corporation</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), the world's leading food service retailer, announced a multi-year extension of their strategic partnership, which originated in 2017. This renewed agreement will focus on leveraging cutting-edge technology to enhance McDonald's staff enablement, customer experience, and operational efficiency.
As part of the renewed agreement, Cognizant plans to continue supporting McDonald's in various important enterprise areas, including Global Finance Systems and Human Capital Management, which encompass payroll processing, franchisee management, master data management, and legal applications.

Cognizant And McDonald's Announced Multi-Year Partnership Extension To Enhance Staff Enablement And Customer Experience, Focus On Global Finance And Human Capital Management

Strategic alliance will drive platform consolidation to help improve the security posture for global enterprises across industries

Cognizant And CrowdStrike Join Forces To Enhance Global Enterprise Cybersecurity

In the current market session, Cognizant Tech Solns Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) share price is at $77.81, after a 0.49% spike. Moreover, over the past month, the stock decreased by 2.11%, but in the past year, went up by 0.91%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2025/1737405909_0.png" alt="Past Year Chart" />

<h3>Comparing Cognizant Tech Solns P/E Against Its Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Cognizant Tech Solns has a lower P/E than the aggregate P/E of 95.48 of the IT Services industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1737405909_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Price Over Earnings Overview: Cognizant Tech Solns

New development framework and services fast track multi-agent adoption by enabling interoperability and scalability to transform business processes

Cognizant Launches Neuro AI Framework To Streamline Multi-Agent AI Adoption Across Industries

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Shares of companies within the broader tech sector are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $83.0, a high estimate of $95.00, and a low estimate of $76.00. This upward trend is evident, with the current average reflecting a 7.51% increase from the previous average price target of $77.20.
<img src="https://www.benzinga.com/files/images/story/2024/1734465636_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The standing of Cognizant Tech Solns among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ramsey El-Assal</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$95.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Dan Dolev</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$84.00</td>
<td>$83.00</td>
</tr>
<tr>
<td>Bryan Bergin</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$76.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>David Koning</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$80.00</td>
<td>$78.00</td>
</tr>
<tr>
<td>Bryan Keane</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$80.00</td>
<td>$70.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Cognizant Tech Solns. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Cognizant Tech Solns compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Cognizant Tech Solns's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Cognizant Tech Solns's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CTSH/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cognizant Tech Solns analyst ratings.</a>
<h2>Discovering Cognizant Tech Solns: A Closer Look</h2>
Cognizant is a global IT services provider, offering consulting and outsourcing services to some of the world's largest enterprises spanning the financial services, media and communications, healthcare, natural resources, and consumer products industries. Cognizant employs nearly 300,000 people globally, roughly 70% of whom are in India, although the company's headquarters are in Teaneck, New Jersey.
<h3>A Deep Dive into Cognizant Tech Solns's Financials</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Cognizant Tech Solns displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 3.0%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Cognizant Tech Solns's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 11.54% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Cognizant Tech Solns's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 4.11%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Cognizant Tech Solns's ROA excels beyond industry benchmarks, reaching 3.0%. This signifies efficient management of assets and strong financial health.
Debt Management: Cognizant Tech Solns's debt-to-equity ratio is below the industry average at 0.13, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Verdict: Cognizant Tech Solns In The Eyes Of 5 Experts

Barclays analyst Ramsey El-Assal upgrades Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) from Equal-Weight to Overweight and raises the price target from $80 to $95.

Upgrades

Barclays Upgrades Cognizant Tech Solns to Overweight, Raises Price Target to $95

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
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<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$130.00</td>
<td>$32.1K</td>
<td>53.8K</td>
<td>106.1K</td>
</tr>
<tr>
<td>QBTS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/27/24</td>
<td>$9.00</td>
<td>$40.0K</td>
<td>805</td>
<td>3.4K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$109.00</td>
<td>$66.7K</td>
<td>1.3K</td>
<td>1.7K</td>
</tr>
<tr>
<td>IMMR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$10.00</td>
<td>$63.1K</td>
<td>5.5K</td>
<td>1.3K</td>
</tr>
<tr>
<td>AVGO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$200.00</td>
<td>$76.8K</td>
<td>3.5K</td>
<td>899</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$245.00</td>
<td>$56.7K</td>
<td>29.4K</td>
<td>858</td>
</tr>
<tr>
<td>MNDY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$280.00</td>
<td>$61.2K</td>
<td>1.3K</td>
<td>771</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$350.00</td>
<td>$65.0K</td>
<td>4.1K</td>
<td>770</td>
</tr>
<tr>
<td>CTSH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$80.00</td>
<td>$206.4K</td>
<td>212</td>
<td>635</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$250.00</td>
<td>$140.0K</td>
<td>5.7K</td>
<td>622</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on December 20, 2024. Parties traded 99 contract(s) at a $130.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $32.1K, with a price of $325.0 per contract. There were 53837 open contracts at this strike prior to today, and today 106117 contract(s) were bought and sold. 
• Regarding QBTS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>), we observe a call option sweep with bullish sentiment. It expires in 10 day(s) on December 27, 2024. Parties traded 500 contract(s) at a $9.00 strike. This particular call needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $40.0K, with a price of $80.0 per contract. There were 805 open contracts at this strike prior to today, and today 3462 contract(s) were bought and sold. 
• For MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on December 20, 2024. This event was a transfer of 100 contract(s) at a $109.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $66.7K, with a price of $670.0 per contract. There were 1394 open contracts at this strike prior to today, and today 1799 contract(s) were bought and sold. 
• For IMMR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMR#NASDAQ">IMMR</a>), we notice a call option sweep that happens to be bullish, expiring in 66 day(s) on February 21, 2025. This event was a transfer of 468 contract(s) at a $10.00 strike. This particular call needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $63.1K, with a price of $135.0 per contract. There were 5573 open contracts at this strike prior to today, and today 1366 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a put option sweep that happens to be bullish, expiring in 185 day(s) on June 20, 2025. This event was a transfer of 63 contract(s) at a $200.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $76.8K, with a price of $1220.0 per contract. There were 3541 open contracts at this strike prior to today, and today 899 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bullish sentiment. It expires in 31 day(s) on January 17, 2025. Parties traded 50 contract(s) at a $245.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $56.7K, with a price of $1135.0 per contract. There were 29429 open contracts at this strike prior to today, and today 858 contract(s) were bought and sold. 
• Regarding MNDY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>), we observe a call option sweep with bearish sentiment. It expires in 31 day(s) on January 17, 2025. Parties traded 101 contract(s) at a $280.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $61.2K, with a price of $600.0 per contract. There were 1382 open contracts at this strike prior to today, and today 771 contract(s) were bought and sold. 
• For CRM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on December 20, 2024. This event was a transfer of 100 contract(s) at a $350.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $65.0K, with a price of $650.0 per contract. There were 4113 open contracts at this strike prior to today, and today 770 contract(s) were bought and sold. 
• For CTSH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>), we notice a put option trade that happens to be bullish, expiring in 121 day(s) on April 17, 2025. This event was a transfer of 600 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $206.4K, with a price of $344.0 per contract. There were 212 open contracts at this strike prior to today, and today 635 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a put option trade that happens to be bullish, expiring in 94 day(s) on March 21, 2025. This event was a transfer of 70 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $140.0K, with a price of $2000.0 per contract. There were 5725 open contracts at this strike prior to today, and today 622 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AAPL

AVGO

MNDY

NVDA

QBTS

10 Information Technology Stocks With Whale Alerts In Today's Session

Cognizant Tech Solns's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NYSE">CTSH</a>) short percent of float has risen 4.01% since its last report. The company recently reported that it has 16.09 million shares sold short, which is 4.15% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.22 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Cognizant Tech Solns Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732814121_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Cognizant Tech Solns has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Cognizant Tech Solns's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Cognizant Tech Solns's peer group average for short interest as a percentage of float is 2.89%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Cognizant Tech Solns's Recent Short Interest

Michael Saylor, CEO of MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), deemed the Donald Trump-led Republican triumph the &#8220;biggest&#8221; bullish catalyst for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) over the last four years.
What Happened: In an interview with CNBC on Thursday, Saylor said that the &#8220;red wave&#8221; has been &#8220;incredibly auspicious&#8221; for Bitcoin and the broader cryptocurrency industry.
The Bitcoin bull anticipated a friendlier SEC at the helm amid speculations of current chair Gary Gensler stepping aside.
&#8220;It&#8217;s very good for the cryptocurrency industry. We&#8217;re going to see a lot more pro-Bitcoin policies. We are going to see a digital assets framework. We are going to see an end to the war on crypto.,&#8221; Saylor predicted.
Don&#8217;t Miss:
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<li>Over the last five years, the price of gold has increased by approximately 83% — Investors like Bill O&#8217;Reilly and Rudy Giuliani are using this platform to <a href="https://www.benzinga.com/money/american-hartford-gold">create customized gold IRAs to help shield their savings from inflation and economic turbulence.</a></li>
<li>1 in 4 Americans own a share of Bitcoin according to NASDAQ — <a href="https://www.benzinga.com/money/binance-100">this platform touts returns as high as 12.5% APY and is giving $100 in welcome rewards if you sign up today.</a></li>
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<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;The red wave is probably the biggest thing that has happened in the past four years for bitcoin&quot; &#8211; <a href="https://twitter.com/MicroStrategy?ref_src=twsrc%5Etfw">@MicroStrategy</a> founder &amp; chairman <a href="https://twitter.com/saylor?ref_src=twsrc%5Etfw">@saylor</a> on his crypto expectations under a second Trump presidency. <a href="https://t.co/9BYAYgLGe8">pic.twitter.com/9BYAYgLGe8</a>
&mdash; CNBCOvertime (@CNBCOvertime) <a href="https://twitter.com/CNBCOvertime/status/1857179737606459844?ref_src=twsrc%5Etfw">November 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
With the election uncertainty behind, Saylor also ruled out any major bearish events for Bitcoin in the foreseeable future.
&#8220;I am planning the $100,000 party, and I am thinking it is probably going to be New Year&#8217;s Eve at my house. So, I would be surprised if we don&#8217;t go through $100,000 in November or December,&#8221; Saylor said in a burst of enthusiasm.
See Also: Dogecoin millionaires are increasing –<a href="https://www.benzinga.com/money/dogecoin-millionaires"> investors with $1M+ in DOGE revealed!</a>
Why It Matters: Saylor&#8217;s bullish sentiment aligned with the ongoing success of his company&#8217;s publicly-traded stock. 
MicroStrategy&#8217;s shares hit a record high earlier this week, pushing the firm&#8217;s market valuation to $72.26 billion, a $50 billion increase since September 6. This gain <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41961419/bitcoin-proxy-microstrategy-added-more-to-its-market-cap-in-last-2-months-than-what-ford-is-worth-currently">surpassed the total capitalization</a> of Ford Motor Co. (F) and Cognizant Technology Solutions Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>).
The firm, known famously as Bitcoin&#8217;s biggest corporate holder, was sitting on unrealized profits of over $12.7 billion as of this writing, <a href="https://bitcointreasuries.net/" target="_blank" rel="noreferrer noopener">according&nbsp;</a>to data from bitcointreasuries.net.&nbsp;&nbsp;
The company&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41646462/michael-saylor-says-bitcoin-remedy-to-fix-unhealthy-balance-sheets-as-microstrategy-unveil" target="_blank" rel="noreferrer noopener">announced plans</a>&nbsp;to raise as much as $42 billion in equity and debt funding over the next three years to accumulate more Bitcoin.
Price Action: At the time of writing, Bitcoin was exchanging hands at $88,121.00, down 1.89% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Shares of MicroStrategy closed 0.22% lower at $327.67 during Thursday&#8217;s regular trading session.
Photo Courtesy: Wikimedia
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<li>This well known prop trading firm is offering 100% of your first $25,000 profit per account and 90% after that. <a href="https://www.benzinga.com/money/apex-trader-funding">Here's how to get a special 50% OFF CODE that lets you start out with monthly investments as low as $147 today.</a></li>
<li>If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,<a href="https://www.benzinga.com/money/etoro-doge"> here&#8217;s how much you&#8217;d have today</a>.</li>
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Michael Saylor Is Planning A Bitcoin $100K Party At His House, Expects End Of War On Crypto Under Trump

Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) bullish turn since early September has reflected well on MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), with the proxy firm increasing its valuation by $50 billion in the last two months.
What happened: Widely considered a TradFi alternative to holding Bitcoin, shares of MicroStrategy <a href="https://www.benzinga.com/markets/equities/24/11/41892752/microstrategy-shares-hit-24-year-high-jumps-most-since-dot-com-bubble-as-bitcoin-trades-at-record-levels">hit a record closing high</a>, past $350, earlier this week. The surge marked the highest level for the shares since the dot-com bubble in March 2000.
The rally propelled the firm's market valuation to $72.26 billion, reflecting an increase of $50 billion since Sept. 6, or 225%. Just for context, the gain was higher than the total capitalization of Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and Cognizant Technology Solutions Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>).
Year-to-date, MicroStrategy has leaped 374%, outperforming some of the hottest stocks on Wall Street, including the "Magnificent Seven."
The upswing coincided with the record-breaking play of Bitcoin, which was swiftly approaching the $100,000 milestone. Since Sept. 6, Bitcoin has surged more than 60% in value.&nbsp;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41873427/shiba-inu-lead-developer-shytoshi-kusama-pitches-s-h-i-b-in-response-to-elon-musks-call-for-new-roles-recommendations-in-trump-administration">Shiba Inu Lead Developer Shytoshi Kusama Pitches S.H.I.B In Response To Elon Musk&#8217;s Call For New Roles Recommendations In Trump Administration</a>
Why It Matters: The Bitcoin portfolio of MicroStrategy—a company that has pioneered the leading cryptocurrency's corporate adoption—has ballooned past a whopping $25 billion, <a href="https://bitcointreasuries.net/">according </a>to data from bitcointreasuries.net.&nbsp;
At an average acquisition price of $11.92 billion, the firm racked up over $13 billion in unrealized profit on its Bitcoin purchases.&nbsp;
In its third-quarter results report, the company <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41646462/michael-saylor-says-bitcoin-remedy-to-fix-unhealthy-balance-sheets-as-microstrategy-unveil">announced plans</a> to raise as much as $42 billion in equity and debt funding over the next three years to accumulate more Bitcoin.
Price Action: At the time of writing, Bitcoin was exchanging hands at $89,917.11, up 3.06% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Shares of MicroStrategy were up 2.87% in after-hours trading, after pulling back 7.91% during Wednesday's regular trading session.
Image via Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/24/11/41928272/cathie-woods-ark-invest-foresees-crypto-industry-boost-under-incoming-trump-administration">Cathie Wood-Led Ark Sees Boost For Bitcoin, Crypto Under Trump Administration, Says IPO Window For Circle, Kraken Could Reopen</a></li>
</ul>

Bitcoin Proxy MicroStrategy Added More To Its Market Cap In Last 2 Months Than What Ford Is Worth Currently

ARBB

ASGN

ATGL

BIGC

INFY

OKTA

VRSN

Shares of IT services companies are trading higher after Donald Trump won the 2024 presidential election.

Mizuho analyst Dan Dolev maintains Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) with a Neutral and raises the price target from $83 to $84.

Mizuho Maintains Neutral on Cognizant Tech Solns, Raises Price Target to $84

TD Cowen analyst Bryan Bergin maintains Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) with a Hold and raises the price target from $75 to $76.

TD Cowen Maintains Hold on Cognizant Tech Solns, Raises Price Target to $76

The AI hardware industry is well-positioned for growth thanks to the growing adoption of cutting-edge technologies, which have revolutionized how computers process data. Amid this backdrop, it could be wise to buy AI hardware stocks, such as Broadcom (AVGO), QUALCOMM (QCOM), and International Business Machines (IBM). Continue reading… The rising use of Artificial Intelligence (AI) models and products across multiple industry verticals and advancements in semiconductor technologies is expected to create new opportunities for AI hardware providers going forward. 
Thus, investors could consider watching fundamentally sound AI hardware stocks, Broadcom Inc. (<a href="https://stocknews.com/stock/AVGO/">AVGO</a>), QUALCOMM Incorporated (<a href="https://stocknews.com/stock/QCOM/">QCOM</a>), and International Business Machines Corporation (<a href="https://stocknews.com/stock/IBM/">IBM</a>).
The increasing global adoption of AI and significant investments in developing specialized AI hardware are expected to drive growth in the AI hardware market. Additionally, the <a href="https://www.skyquestt.com/report/artificial-intelligence-in-hardware-market">rising demand for improved processing</a> and computational capabilities to support advanced AI algorithms is expected to motivate AI hardware manufacturers to innovate.
According to IDC's latest Worldwide Semiconductor Technology Supply Chain Intelligence report, the global demand for AI and high-performance computing (HPC) will continue to rise, <a href="https://www.idc.com/getdoc.jsp?containerId=prAP52837624">growing by over 15% in 2025</a>. Also, as per reports by McKinsey, AI-related semiconductors could account for almost <a href="https://www.mckinsey.com/~/media/McKinsey/Industries/Semiconductors/Our%20Insights/Artificial%20intelligence%20hardware%20New%20opportunities%20for%20semiconductor%20companies/Artificial-intelligence-hardware.ashx">20% of all demand by 2025</a>, which would translate into about $67 billion in revenue.
Considering these factors, let's take a look at the fundamentals of the three AI hardware stock picks.
Broadcom Inc. (<a href="https://stocknews.com/stock/AVGO/">AVGO</a>)
AVGO designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor-based devices and analog III-V based products worldwide. The company operates in two segments: Semiconductor Solutions and Infrastructure Software. 
On January 5, 2025, AVGO announced the availability of the Brocade G710 24-port 64G switch, the industry's most responsive and efficient top-of-rack SAN switch. Brocade Gen 7 Fibre Channel combines cyber-resilient and autonomous SAN technology into this cost-effective platform that seamlessly integrates into rack-based storage solutions.
On November 5, AVGO launched a private cloud platform, VMware Cloud Foundation, which is simple to deploy, easy to consume, and lowers cost and risk. It also unveiled ecosystem partnerships and a private cloud modernization program.
The expanded set of VMware Cloud Foundation (VCF) Advanced Services innovations, ecosystem partnerships, and modernization programs accelerate generative AI application development, cybersecurity initiatives, and sovereign cloud adoption.
AVGO's 75.20% trailing-12-month gross profit margin is 48.7% higher than the 50.56% industry average. Furthermore, the stock's 11.43% trailing-12-month net income margin is 197.6% higher than the 3.84% industry average.
AVGO's net revenue rose 51% year-over-year to $14.05 billion for the fourth quarter that ended November 3, 2024. The company's non-GAAP net income and EPS totaled $6.97 billion and $1.42, reflecting increases of 44.8% and 27.9% from the prior year's quarter, respectively.
In addition, the company's adjusted <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> increased 50.3% from the year-ago value to $9.09 billion.
Street expects AVGO's revenue to increase 22.2% year-over-year to $14.26 billion for the first quarter ending January 2025. The company's EPS for the same quarter is expected to increase 37.2% year-over-year to $1.51. Also, AVGO surpassed the consensus EPS estimates in each of the trailing four quarters, which is impressive.
The stock has gained 34.3% over the past three months to close the last trading session at $240.91.
AVGO's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its outlook. The stock has a B grade for Sentiment, Growth, and Quality. AVGO is ranked #23 out of 90 stocks in the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
<a href="https://stocknews.com/stock/AVGO/">Click here</a> to access the additional AVGO ratings (Value, Momentum, and Stability).
QUALCOMM Incorporated (<a href="https://stocknews.com/stock/QCOM/">QCOM</a>)
QCOM engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). 
On January 17, 2025, QCOM announced a quarterly cash dividend of $0.85 per common share. The dividend will be paid on March 27, 2025, to stockholders of record at the close of business on March 6, 2025.
QCOM's 26.03% trailing-12-month net income margin is 577.6% higher than the 3.84% industry average. Furthermore, the stock's 56.21% trailing-12-month gross profit margin is 11.2% higher than the 50.57% industry average.
For the fiscal 2024 fourth quarter that ended September 29, 2024, QCOM reported total revenues of $10.24 billion, up 18.7% year-over-year. The company's non-GAAP operating income rose 31.4% from the previous year's quarter to $3.51 billion. Also, QCOM's non-GAAP net income and non-GAAP EPS were $3.04 billion and $2.69, up 33.3% and 33.2% from the prior-year quarter, respectively.
According to the company's guidance for the fiscal year 2025 first quarter, QCOM projects revenues between $10.50 billion and $11.30 billion. Its non-GAAP EPS is expected to be between $2.85 and $3.05.
Analysts expect QCOM's revenue and EPS for the first quarter (ended December 2024) to increase 9.7% and 7.6% year-over-year to $10.89 billion and $2.96, respectively. Further, the company has surpassed the consensus revenue and EPS estimates in all four trailing quarters, which is remarkable.
QCOM's stock has gained 11.4% over the past month and 11.4% over the past year to close the last trading session at $170.24.
QCOM's robust fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. 
QCOM has an A grade for Quality and a B for Value. It is ranked first out of 90 stocks in the Semiconductor &amp; Wireless Chip industry.
Beyond what is stated above, we've also rated QCOM for Quality and a B for Value. Get all QCOM ratings <a href="https://stocknews.com/stock/QCOM/">here</a>.
International Business Machines Corporation (<a href="https://stocknews.com/stock/IBM/">IBM</a>)
IBM addresses the hybrid cloud and AI opportunities with a platform-centric approach. It combines technology and business expertise to deliver client value. Its segments include Software; Consulting; Infrastructure; and Financing, focusing on providing comprehensive solutions for businesses across various industries.
On November 6, IBM and Cognizant Technology Solutions Corporation (<a href="https://stocknews.com/stock/CTSH/">CTSH</a>) launched a new FinOps Center of Excellence (CoE) built on IBM's FinOps software and CTSH's cloud and developer platforms. The partnership is expected to expand IBM's reach in the rapidly evolving financial and cloud sectors, enhancing its reputation as a leader in addressing critical business challenges.
IBM's 11.58% trailing-12-month EBIT margin is 113.8% higher than the 5.41% industry average. Furthermore, the stock's 56.53% trailing-12-month gross profit margin is 12% higher than the 50.47% industry average.
For the fiscal 2024 third quarter that ended on September 30, IBM's total revenue increased 1.5% year-over-year to $14.97 billion. Its gross profit rose 4.9% from the year-ago value to $8.42 billion.
Additionally, the company's non-GAAP income from continuing operations increased 6.1% year-over-year to $2.16 billion, whereas its non-GAAP EPS from continuing operations grew 4.5% from the prior year's quarter to $2.30.
Analysts expect IBM's revenue and EPS for the fiscal year ended December 2024 to increase 1.5% and 6.1% year-over-year to $62.81 billion and $10.20, respectively. Moreover, the company topped the consensus EPS estimates in all four trailing quarters.
Shares of IBM have surged 21.2% over the past six months and 29.2% over the past year to close the last trading session at $223.26.
IBM's POWR Ratings reflect bright prospects. The stock has a B grade for Momentum and Quality. IBM is ranked #39 out of 78 stocks in the <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry.
In addition to the POWR Ratings highlighted above, one can access IBM's ratings (Value, Stability, Momentum, and Sentiment) <a href="https://stocknews.com/stock/IBM/">here</a>.
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<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

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AVGO shares were trading at $237.44 per share on Thursday afternoon, down $3.47 (-1.44%). Year-to-date, AVGO has gained 2.42%, versus a 3.69% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/avgo-qcom-ibm-ctsh-3-ai-hardware-companies-powering-the-next-wave-of-computing/>3 AI Hardware Companies Powering the Next Wave of Computing</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 AI Hardware Companies Powering the Next Wave of Computing

IBM climbs after Wall Street analysts keep bullish views after 'solid' Q4, outlook

Cognizant (CTSH) has announced an expansion of its longstanding relationship with biopharmaceutical leader Gilead Sciences (GILD) that aims to unlo...

Cognizant, Gilead expand relationship

Tracking Yacktman Asset Management Portfolio - Q4 2024 Update

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Press Releases

Cognizant Collaborates with Siemens on Solution Accelerator for Software-Defined Vehicles

Cognizant CEO Ravi Kumar S Honored with Prestigious Pravasi Bharatiya Samman Award

Cognizant Launches Stores 360 to Transform Retail Operations in Collaboration with ServiceNow

Cognizant Schedules Fourth Quarter 2024 Earnings Release and Conference Call

Cognizant Leads Enterprises into Next Generation of AI Adoption with Neuro® AI Multi-Agent Accelerator and Multi-Agent Services Suite

Cognizant Study Shows Consumers Who Embrace AI Could Drive $4.4 Trillion in Spending Over Five Years

Cognizant and CrowdStrike Partner to Drive Enterprise Cybersecurity Transformation

Cognizant and McDonald's Renew Strategic Partnership to Transform Global Enterprise Systems, Focus on AI & Cloud Solutions

Cognizant and Gilead Expand Partnership to Drive Greater Value Through Advanced Technology Applications

Cognizant Collaborates with Medidata to Provide Specialized Support for Life Sciences Clients

Accenture plc Class A Ordinary Shares (Ireland)

Accenture

Alpha Technology Group Limited - Ordinary Shares

Alpha Technology Group

BigBear.ai Hldgs

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Castellum

Endava plc American Depositary Shares (each representing one Class A Ordinary Share)

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