Cognizant Technology Solutions Corp (NASDAQ:CTSH) currently trades at $52.59 which is about -1.99% lower than the 52-week high of $63.23. The trading volume at ready counter moved to 10.18M shares as compared to 4.23M shares average traded volume. The stock failed to get pushed above the $53.14 barrier, the intraday high, after opening at $52.03. Analysts have a consensus target price of $63.71 in the 12-month period. Its market capitalization has now reached to $30.50B.
Cognizant Technology Solutions Corp (NASDAQ:CTSH) was dropped to Underweight from Equal Weight at Barclays. It has earned a consensus Strong buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 6 have assigned a hold rating, 3 says it’s a buy and 11 have assigned a strong buy rating to the company.
Cognizant Technology Solutions Corp (CTSH) on January 17, 2017 announced that it has raised $15 million in Series B financing with LionTree Advisors acting as the financial advisor. Measure and its national network of licensed pilots provide turnkey solutions to acquire, process, and deliver actionable aerial data to enterprise customers.
Since Measure’s last investment round in September of 2015, Measure has established itself as the leader in comprehensive drone services, pioneering use cases such as cell tower inspections, construction development, precision agriculture, disaster response, live media coverage, and more. In 2016, Measure pilots, many of them veterans, flew over 1,100 flights for some of the largest and most innovative Fortune 1000 companies.
“Our vision for the company has always been to provide safe, legal, and insured operations at scale for enterprise organizations,” said Measure Chairman Robert Wolf. “We have an innovative business model, an amazing team, and now the capital to reach our desired scale. We hope to propel the entire industry forward with our growth.”
“Drone services is one of the fastest growing technology segments with the potential to provide extraordinary value to industries such as insurance, manufacturing, logistics, oil and gas, retail, government, and media and communications. Cognizant is excited to deepen our relationship with Measure through this investment and bring our world-class digital capabilities, such as advanced data analytics and software development, to enterprise customers looking to create value from data collected via drones,” said Sean Middleton, President of the Cognizant Accelerator, of which Cognizant Ventures is a division.
“This is a tremendous moment for Measure and for the drone industry and we believe 2017 is when everyone pivots towards services. This investment round will help make it possible to expand to new customers; we look forward to continuing to work with Cognizant to offer new, innovative services around data analysis not currently available in the market,” said Brandon Torres Declet, CEO of Measure.