🔴 Cognizant is trading 10.4% down in pre-market as bookings fell 7% and Q4 outlook weighed

Cognizant is trading at $59.48, down 10.37%, in pre-market as bookings fell and the Q4 revenue outlook weighed.

• On October 29, Cognizant reported Q3 revenue and adjusted earnings above expectations, but bookings declined 7%.
• Q4 revenue outlook was $5.49–$5.57 billion; Investing.com tied the pre-market drop to that decline and outlook.
• Broader software-sector weakness after disappointing ServiceNow and Fortinet results added pressure, though the company-specific earnings reaction was the clearer catalyst.