Cognizant Tech ( CTSH ) continues to soar on an earnings surprise and subsequent estimate revisions. The company was originally featured as a Zacks Rank Buy on October 2nd. Company Description Cognizant provides software development and maintenance for companies transitioning into e-business. The company utilizes both on-site consultants and outsourced project members. Beat the Street On Nov 3 Cognizant reported quarterly results that included earnings per share of 45 cents, 4 cents higher than the consensus. Revenues were up 16% year-over-year to $854 million. Estimates Rising Following the report, the Zacks Consensus Estimate for full year 2009 jumped 8 cents, to $1.75. Projections for 2010 rose 15 cents to $1.98. If Cognizant reaches these levels the growth rates would be 22% for 2009 and another 13% in 2010. The Chart Shares of CTSH continue to climb since the latest earnings report and maintains a nice upward trend. The MACD is showing positive momentum. Take a look at the chart below. Read the October 2nd Feature Here Last Week's Aggressive Growth Zacks Rank Buy Stocks AmBev ( ABV ) is setting 52-week highs as analysts continue to raise full-year estimates on the heels of an excellent quarter. Read Full Article. Encore Capital Group, Inc. ( ECPG ) continues to trade at excellent valuations and analysts are projecting excellent growth over the next few years. Read Full Article. Urban Outfitters ( URBN ) analysts continue to raise forecasts on record holiday sales. Shares of URBN continue on a bullish run and may have formed a good entry point. Read Full Article. American Science and Engineering, Inc. ( ASEI ) analysts have raised full-year estimates for the security device makers which continues to climb on fresh terrorism worries. Read Full Article. Bill Wilton is the Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Growth Trader service Zacks Investment Research