|Bid||72.76 x 1000|
|Ask||73.85 x 1200|
|Day's Range||73.08 - 74.04|
|52 Week Range||59.47 - 85.10|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||20.43|
|Earnings Date||Feb 5, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||0.80 (1.09%)|
|1y Target Est||83.53|
WASHINGTON (AP) — The Justice Department alleges two former executives for Cognizant Technology Solutions paid about $2 million in bribes to Indian officials to build an office campus in the country.
Corp. were charged by U.S. authorities with foreign bribery for allegedly approving illicit payments to help build a corporate campus in India. , the company’s former president, and Steven Schwartz, its former chief legal officer, authorized a $2 million bribe to at least one government official in India to secure permits necessary for the construction of an office campus there to support roughly 17,000 employees, prosecutors said. Cognizant has more than 250,000 employees globally, more than half of whom work in various locations in India .
The U.S. Department of Justice said the former president, Gordon Coburn, and the former chief legal officer, Steven Schwartz, were charged in a 12-count indictment with violating the federal Foreign Corrupt Practices Act and other offenses. According to the indictment, in 2014 Coburn and Schwartz allegedly authorized an unlawful payment of approximately $2 million to one or more government officials in India to secure and obtain a permit to build a new campus in the country.
"We are pleased to reach these resolutions with the U.S. Department of Justice and the U.S. Securities and Exchange Commission. With today's announcements, we've taken a major step forward in putting this behind us," said Francisco D'Souza, Vice Chairman and CEO of Cognizant. "Further, we are gratified that both the DOJ and SEC recognized that we voluntarily and promptly notified U.S. authorities of the potential issues in India more than two years ago, and cooperated extensively with their investigations. We undertook a comprehensive internal investigation under the oversight of the Audit Committee of the Board of Directors, with the assistance of outside counsel.
U.S. authorities on Friday announced criminal charges against two former Cognizant Technology Solutions Corp officials for their roles in a bribery scheme in India, and said the company will pay $25 million to settle a related civil case. The U.S. Department of Justice said former president Gordon Coburn and former chief legal officer Steven Schwartz were charged in a 12-count indictment with violating the federal Foreign Corrupt Practices Act and other offenses. Cognizant's payment, which includes a $6 million fine, resolves a related case by the U.S. Securities and Exchange Commission.
The Securities and Exchange Commission settled charges on Friday with Cognizant Technology Solutions Corporation and two of the company's former executives, who agreed to pay $25 million for alleged payment of millions of dollars in a bribe to an Indian government official in violation of the Foreign Corrupt Practices Act. The SEC's complaint alleges that in 2014, a senior government official of the Indian state of Tamil Nadu demanded a $2 million bribe from the construction firm responsible for building Cognizant's 2.7 million square foot campus in Chennai, India. Cognizant's President Gordon Coburn and Chief Legal Officer Steven E. Schwartz allegedly authorized the contractor to pay the bribe, and directed their subordinates to conceal the bribe by doctoring the contractor's change orders. Without admitting or denying the allegations, the company agreed to pay disgorgement and prejudgment interest of approximately $19 million and a penalty of $6 million. The Department of Justice and the U.S. Attorney's Office for the District of New Jersey also announced the indictment of Coburn and Schwartz on Friday on criminal charges of violating and conspiring to violate the FCPA's anti-bribery and accounting provisions.
Two former senior executives of Cognizant, the IT outsourcing company, have been indicted on foreign bribery charges, the US Department of Justice announced on Friday. Gordon Coburn, 55, and Steven Schwartz, 51, were charged in a 12-count indictment related to an alleged scheme to bribe government officials in India, according to the justice department. The indictment accused Mr Coburn, Cognizant’s former president, and Mr Schwartz, the company’s former chief legal officer, of authorising a $2m bribe in 2014 to secure a permit for a new campus in India.
NEW YORK, Feb. 13, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
Medidata (MDSO) and Cognizant (CTSH) have entered into a strategic alliance to offer life science clients comprehensive solutions that leverage the market’s leading cloud platform with world-class business and technology services. This provides pharmaceutical, biotech, medical device companies, contract research organizations (CROs), sites and investigators with digital capabilities to facilitate a fast start to clinical trials, simplify operational complexities and drive digital transformation.
The project's problems were allegedly so bad that some Crawford customers "have threatened to take their business elsewhere."
Cognizant Technology Solutions Corp NASDAQ/NGS:CTSHView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for CTSH with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CTSH. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding CTSH totaled $20.07 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Examining Cognizant Technology Solutions Corporation's (NASDAQ:CTSH) pastRead More...
Opening ceremonies for the Cognizant Accelerator center, located at 1301 Walnut St., in the heart of Boulder, included remarks by Colorado Governor Jared Polis, Cognizant Accelerator President Sean Middleton, and Cognizant Accelerator Vice President and General Manager Todd Paoletti. The ribbon-cutting event was attended by Boulder Mayor Suzanne Jones, state and local officials, and other special guests.
Cognizant Technology Solutions Corp (NASDAQ: CTSH ) has historically sacrificed revenue growth for margin expansion, although revenue growth typically has a bigger impact on multiples than margin expansion, ...
The company said Francisco D'Souza, its chief executive officer since 2007, will give up the role to become executive vice chairman. Brian Humphries, CEO of Vodafone Business, will replace D'Souza, effective April 1. Before joining Vodafone in 2017, Humphries was a senior executive at companies including Dell and Hewlett Packard.
Cognizant (CTSH) delivered earnings and revenue surprises of 7.62% and 0.37%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
The Teaneck, New Jersey-based company said it had net income of $1.12 per share. Earnings, adjusted for one-time gains and costs, were $1.13 per share. The results surpassed Wall Street expectations. The ...
TEANECK, N.J., Feb. 6, 2019 /PRNewswire/ -- Cognizant (CTSH), a leading provider of information technology, consulting and business process services, announced today that its Board of Directors has named Brian Humphries, currently the CEO of Vodafone Business, as its CEO and a member of the Board of Directors. Humphries' appointments will be effective April 1, 2019.
Annual revenue of $16.13 billion , up 8.9% over 2017 Names Brian Humphries as CEO, Succeeding Co-Founder Francisco D'Souza TEANECK, N.J. , Feb. 6, 2019 /PRNewswire/ -- Cognizant Technology Solutions Corporation ...