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Cognizant Technology Solutions (CTSH) Jumped To A New High After INFY Report

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Cognizant Technology Solutions (CTSH: Quote) gapped open sharply higher Friday and climbed during the first half hour of trade, before settling into a range. The stock was range-bound for the remainder of the day and closed up by 3.42 at $78.47 on above average volume.

Cognizant Technology Solutions rose past the upper end of a week and a half long range Friday and set a new high for the year. The stock rose sharply after its competitor, Infosys (INFY: Quote), increased its full year revenue forecast.

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by RTT Staff Writer

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