Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Cognizant boosts 2026 share buyback plan by $1B, totaling $2B to capitalize on AI growth potential.

Company Fundamentals
18 May 2026
PRNewsWire
View Source
Bullish
pluang ai news

Cognizant's Board approved a $2 billion increase in its stock repurchase program, raising the 2026 buyback target to $2 billion, up $1 billion from prior plans. The company expects to repurchase an additional $1 billion of shares in Q2 2026, funded partly by drawing $1 billion from its revolving credit facility amid its Astreya acquisition. CEO Ravi Kumar emphasized the move reflects confidence in AI-driven growth and the company's undervalued stock price. This buyback aligns with Cognizant's strategy to return capital to shareholders while investing in growth and strategic acquisitions.

More News (CTSH)

banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App