🔴 Cognizant is trading 6.57% down in pre-market as peer results weigh on software shares

Cognizant is trading at $62.00, down 6.57%, amid pressure on software shares after ServiceNow and Alphabet results weighed on sector sentiment.

• The third-quarter earnings release is scheduled for 8:30 a.m. ET on October 29, after the 6:37 a.m. pre-market snapshot; results were not yet available.
• Cognizant announced a software-engineering reorganization effective October 26; available information does not establish it as the cause of the decline.