Cognizant acquires software services company Magenic to bolster Softvision business

  • In its third acquisition of 2021, Cognizant (NASDAQ:CTSH) acquired software development services company Magenic Technologies for undisclosed terms. The deal is expected to close in Q1.
  • After the deal closes, Magenic will be added to Cognizant Softvision and help expand the software product engineering footprint.
  • Magenic provides Agile software and cloud development, DevOps, experience design, and advisory services across a range of industries, including financial services, pharmaceutical, and manufacturing.
  • Cognizant had acquired the Softvision business in 2018.
  • Earlier this month, Cognizant announced the purchases of Australian data analytics firm Servian and cloud transformation specialist Linium.

    Fundamentals Cognizant

    For this year the company, based inTeaneck revenue will be around 16.72 billion USD. This is according to the average of the analysts' estimates. This is slightly lower than 2019's revenue of 16.78 billion USD.

    Historical revenues and results Cognizant plus estimates 2020

    aandelenanalyse Cognizant

    The analysts expect for 2020 a net profit of 1.91 billion USD. For this year the consensus of the result per share is a profit of 3.62 USD. So the price/earnings-ratio equals 21.98.

    For this year most of the analysts expect a dividend of 87 cents per share. Thus the dividend yield equals 1.09 percent. The average dividend yield of the hardware & equipment companies equals a poor 0.32 percent.

    Based on the current number of outstanding shares Cognizant 's market capitalization 45.9 billion USD. The Cognizant stock was the past 12 months quite unstable. Since last January the stock is even 31 percent higher. This year the stock price moved between 40 and 83 dollar.

    Historical stock prices Cognizant2007-2020

    equity research cognizant

    Click here for dividend Cognizant. On Tuesday the stock closed at 79.55 USD. Nieuwsdienst: +31 084-0032-842

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