Cognizant Technologies (CTSH) Faces Decline in Stock Value Following Susquehanna Downgrade
Monday, 1 April 2024, 13:45
Cognizant Stock Slides on Susquehanna Downgrade
Cognizant Technologies (CTSH) fell 1.5% in early trading on Monday after Susquehanna downgraded the IT services company.
Reasons for Downgrade
- Weak Demand: Susquehanna cited concerns over soft demand as the primary reason for the downgrade.
The downgrade by Susquehanna has raised concerns about the future performance of Cognizant in the competitive IT services market.
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