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TEANECK, N.J. - Cognizant (NASDAQ:CTSH), a $39.4 billion market cap IT services giant with annual revenue of $20.1 billion, introduced Agent Foundry on Thursday, a new offering designed to help businesses deploy and manage autonomous AI agents at enterprise scale. According to InvestingPro analysis, the company appears undervalued based on its Fair Value calculations.
The platform provides a framework with reusable assets and implementation services that enable organizations to integrate AI agents into their workflows and business processes.
Agent Foundry supports multiple technology platforms and is designed to work with existing enterprise systems including CRM, ERP, and HRIS. The offering follows a four-stage implementation approach: Discover, Design, Build, and Scale.
"We’re entering a new phase of enterprise transformation, one where AI agents become embedded, trusted participants in how work gets done," said Naveen Sharma, Global Head of AI and Analytics at Cognizant.
The platform includes domain-specific small language models tailored to particular industries, industrialized agent templates, and a pre-built library of proprietary and third-party agents to accelerate deployment.
Cognizant has developed Agent Foundry in collaboration with technology partners including ServiceNow, Salesforce and WRITER. The solution supports both horizontal business functions like customer service and industry-specific applications such as claims adjudication and regulatory reporting.
According to the company, Agent Foundry incorporates governance frameworks to ensure compliance with regulations including GDPR, HIPAA, and the EU AI Act.
The announcement comes as enterprises are moving from AI experimentation to implementation, seeking practical ways to integrate autonomous agents into their operations.
Based on a press release statement, Cognizant’s offering aims to provide a structured pathway for businesses to deploy AI agents while maintaining appropriate oversight and governance. With the company’s next earnings report scheduled for July 30, 2025, investors can access comprehensive analysis and additional insights through the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.
In other recent news, Cognizant Technology Solutions reported a significant expansion of its partnership with Salesforce to offer new services through the Agentforce platform. This development aims to help businesses integrate AI agents into their workflows, with Cognizant already implementing these services for over 25 clients in diverse industries. Additionally, JPMorgan upgraded Cognizant’s stock rating from Neutral to Overweight, raising the price target to $98. The upgrade was based on Cognizant’s strong operational performance and strategic positioning, particularly in the Banking, Financial Services, and Insurance sectors.
In contrast, BMO Capital Markets maintained a Market Perform rating but lowered the price target to $85, citing potential challenges in the service sector environment. Meanwhile, William Blair also held a Market Perform rating, noting Cognizant’s robust revenue growth and successful completion of its NextGen program. The company has shown strong performance in securing large deals, although this may lead to slower revenue conversion initially.
Moreover, Cognizant announced an executive leadership change, with Alina Kerdman set to succeed Robert Telesmanic as the Senior Vice President, Controller, and Chief Accounting Officer upon his retirement. Kerdman’s appointment reflects Cognizant’s ongoing management transitions. These recent developments underscore Cognizant’s strategic initiatives and adjustments in leadership, as well as varied analyst perspectives on its stock performance.
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