Cognizant and Ace Hardware Celebrate 25-Year Partnership
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Significant Digital Transformation: The 25-year partnership between Cognizant and Ace Hardware has successfully driven Ace's transition from legacy platforms to SAP, enhancing efficiency in e-commerce, supply chain, and retail tools, thereby maintaining Ace's competitiveness in the rapidly evolving e-commerce market.
- Warehouse Management System Upgrade: Over the past two years, the partnership has rolled out Manhattan Warehouse Management across more than 10 Ace distribution centers in the U.S., aimed at improving warehouse efficiency and optimizing operational processes to enhance Ace's market responsiveness.
- Remarkable E-commerce Growth: Ace's e-commerce business has grown over 450% since 2019, attributed to Cognizant's digital innovations at key customer touchpoints, ensuring Ace's agile response to market changes.
- Future Retail Strategy: The collaboration extends beyond technology upgrades, as they co-developed an enterprise pricing solution, demonstrating their commitment to continuous innovation in a rapidly changing market environment, securing Ace's leading position in the future retail landscape.
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Analyst Views on CTSH
Wall Street analysts forecast CTSH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CTSH is 87.18 USD with a low forecast of 80.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
5 Buy
10 Hold
0 Sell
Moderate Buy
Current: 82.450
Low
80.00
Averages
87.18
High
100.00
Current: 82.450
Low
80.00
Averages
87.18
High
100.00
About CTSH
Cognizant Technology Solutions Corporation engineers modern businesses. Its services include artificial intelligence (AI) and other technology services and solutions, consulting, application development, systems integration, quality engineering and assurance, application maintenance, infrastructure and security as well as business process services and automation. Its segments include Health Sciences (HS), Financial Services (FS), Products and Resources (P&R), and Communications, Media and Technology (CMT). HS segment consists of healthcare providers and payers, and life sciences companies. FS segment includes banking, capital markets, payments and insurance companies. P&R segment includes manufacturers, automakers, retailers, consumer goods companies, and travel and hospitality companies, as well as businesses providing logistics, energy and utility services. CMT segment includes global communications, media and entertainment, education, information services and technology companies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Belcan Secures $151B Defense Contract with Missile Defense Agency
- Massive Contract Value: Belcan Government Solutions has been awarded the SHIELD contract with a ceiling of $151 billion, which will provide a broad range of innovative capabilities for the defense sector, significantly enhancing the company's competitive position in the defense market.
- Rapid Delivery Capability: The contract encompasses multiple work areas that allow for the rapid delivery of innovative capabilities, aimed at increasing the speed and agility of the warfighter, thereby directly supporting the nation's needs in complex defense challenges.
- Strategic Company Positioning: As part of Cognizant, Belcan focuses on delivering high-end differentiated services to federal government agencies, addressing mission-critical client issues and further solidifying its leadership in the government services market.
- Team Expertise Recognition: Surya Gummadi, President of Cognizant Americas, stated that this contract award is a testament to the dedication and expertise of the team, reflecting the company's ongoing commitment to addressing the nation's complex defense challenges.
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Cognizant and Ace Hardware Celebrate 25-Year Partnership
- Significant Digital Transformation: The 25-year partnership between Cognizant and Ace Hardware has successfully driven Ace's transition from legacy platforms to SAP, enhancing efficiency in e-commerce, supply chain, and retail tools, thereby maintaining Ace's competitiveness in the rapidly evolving e-commerce market.
- Warehouse Management System Upgrade: Over the past two years, the partnership has rolled out Manhattan Warehouse Management across more than 10 Ace distribution centers in the U.S., aimed at improving warehouse efficiency and optimizing operational processes to enhance Ace's market responsiveness.
- Remarkable E-commerce Growth: Ace's e-commerce business has grown over 450% since 2019, attributed to Cognizant's digital innovations at key customer touchpoints, ensuring Ace's agile response to market changes.
- Future Retail Strategy: The collaboration extends beyond technology upgrades, as they co-developed an enterprise pricing solution, demonstrating their commitment to continuous innovation in a rapidly changing market environment, securing Ace's leading position in the future retail landscape.
Continue Reading