CTSH stock news · Cognizant Technology Solutions Corp
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Cognizant Technology Solutions Corp has signed a big new loan agreement worth $2.4 billion.
NeutralCognizant replaced old loans with new borrowing through 2031. It keeps access to cash but also carries debt and payment limits, leaving its business outlook unchanged.
Accenture's strong earnings help boost stocks of software and IT companies like Cognizant, IBM, and Wipro on Thursday.
NeutralThe story says Cognizant shares rose after Accenture's results, but reports no new Cognizant business results or company forecast. It gives no new reason to change Cognizant's business outlook.