Cognizant Shares Drop 10% Following Weak Q4 Revenue Guidance
Cognizant (CTSH) shares experienced a significant decline of 10% in pre-market trading on Thursday following the release of its third-quarter 2026 financial results. The primary driver for the sell-off was the company's fourth-quarter revenue guidance, which failed to meet consensus market estimates. The announcement has raised concerns regarding near-term growth prospects for the technology services provider. While the company reported its results for the quarter ending September 30, investor focus remains fixed on the lowered outlook for the upcoming quarter.
Tickers: $CTSH