An IT and consultancy business. Japan, Australia and Singapore are significant investment areas for CTSH. 166,400 employees and working capital of $4,137 million. However, their top ten customers represent nearly a quarter of their income.
We have a buy signal. My concern is that to provide a suitable risk-reward return the share price would need to clear an all-time high of $54. As we go into April, seasonally, shares may have a correction at some point in the month. Also, CTSH climbed very nicely between 2009 and 2011. It then went flat for a while before jumping again over the last year. We could be in a period of flatness for a while.
I might trade the share, however, as an investment consider this an introduction to Cognizant.