Cognizant Technology (NASDAQ: CTSH)
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Hagens Berman Sobol Shapiro LLP alerts investors in Cognizant Technology (NASDAQ: CTSH) to the firm's investigation into possible disclosure violations.
If you purchased or otherwise acquired securities of Cognizant between December 21, 2018 and May 2, 2019 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more infomation contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing CTSH@hbsslaw.com.
On May 2, 2019, Cognizant and senior management (1) announced disappointing Q1 2019 financial results, and (2) slashed the Company’s 2019 revenue outlook. In response, the price of Cognizant shares fell significantly on May 3, 2019.
“We’re focused on investors’ losses, whether certain current and former executives knew or should have known that the February 6, 2019 and earlier guidance was not executable due to weaknesses within the core Financial Services and Healthcare segments, and whether investors may have been misled,” said Hagens Berman partner Reed Kathrein.
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