Cognizant Climbs After Affirming Forecast, Boosting Buybacks
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Cognizant Technology Solutions Corp., a provider of consulting and outsourcing services, rose the most in nine months after reaffirming its annual forecast and increasing its stock buyback program.
The shares gained 5 percent to $68.15 in New York trading after Cognizant’s quarterly results were released this morning, marking the biggest one-day increase since Aug. 6. The stock has declined 7.8 percent this year.