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Stock Market & Financial Investment News

News Breaks
June 24, 2014
07:06 EDTCNSIUnited Telecommunication Services awarded contract to Comverse
Comverse announced that United Telecommunication Services selected Comverse for a multi-year managed services contract to provide operations and application support services and maintenance for UTS's billing and active customer care solution. In the framework of the agreement, Comverse will provide a range of Managed Services. The onsite lineup will include a team to handle all aspects of the product catalog, workflow, ordering and billing components and more.
News For CNSI From The Last 14 Days
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April 21, 2015
15:18 EDTCNSIAmdocs reported interest in Comverse billing unit makes sense, says JPMorgan
After Israel's Globes said that Amdocs (DOX) is in advanced talks to buy Comverse's (CNSI) billing unit for $300M-$400M, JPMorgan said it believes Comverse has had the unit up for sale for quite some time and that such a deal could make strategic and financial sense for Amdocs. However, the firm added that such a deal might suggest that Amdocs management sees limited opportunities for organic growth in the near-term. JPMorgan has a Neutral rating on Amdocs shares.
15:11 EDTCNSIAmdocs in discussions to acquire Comverse billing division, Globes says
Amdocs (DOX) is in discussions to acquire Comverse's (CNSI) billing division for $300M-$400M, according to Globes. Reference Link
April 16, 2015
07:14 EDTCNSIComverse reports Q4 EPS 45c, may not compare to consensus (4c)
Reports Q4 revenue $119.73M, consensus $113.91M.
April 15, 2015
06:11 EDTCNSIComverse and Tech Mahindra sign global strategic relationship
Comverse and Tech Mahindra have reached an agreement on a strategic relationship, whereby Comverse will accelerate its transformation in digital services by leveraging Tech Mahindra's expertise and scale in development and delivery of digital offerings. As part of this initiative, employees from certain functions within Comverse's Digital Services business unit are anticipated to join Tech Mahindra. Tech Mahindra will complement Comverse's R&D and engineering operations through innovation in product development techniques and just-in-time capability reinforcement. The program is expected to be implemented starting June 1.

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