On July 28, Cognizant Technology Solutions Corp rose 5.14% in regular trading, trading at $47.805/share, with turnover of $151 million. The rally was driven by the company's announcement of an expanded collaboration with Anthropic and positive sentiment ahead of its upcoming earnings release.

Cognizant announced it will deepen its partnership with Anthropic by integrating Claude into its industry-specific platforms, aiming to help enterprise clients bridge the gap between AI ambitions and tangible business outcomes. This builds on the strategic alliance first announced in November and follows joint initiatives including a travel technology ecosystem with Travelport earlier this year.

Additionally, the company is scheduled to report Q2 earnings on July 29. Market consensus estimates revenue of approximately $5.485 billion, representing 5.75% year-over-year growth, with adjusted EPS of $1.38, up 9.04% year-over-year. The expanding AI partnership ecosystem and broadly constructive institutional expectations jointly supported bullish sentiment heading into the report.

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