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Cognizant Technology Solutions (CTSH) shares plummeted to a new 52-week low of $52.43, marking a significant decline of over 30% during the past year. Despite the company beating earnings per share (EPS) forecasts in its first-quarter results, the stock remains under heavy selling pressure. Analysts have responded by lowering their price targets, citing heightened concerns regarding the long-term revenue outlook. Furthermore, persistent uncertainty surrounding demand in the IT services sector has weighed heavily on investor sentiment. Market participants are now closely monitoring the firm's ability to stabilize growth amid these ongoing operational challenges.
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