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News Breaks
November 25, 2009
12:25 EDTCSC
theflyonthewall.com: Computer Sciences, Zurich Financial Services sign master service agreement
CSC has signed a ten-and-a-half year master service agreement with Zurich Financial Services Group for data center and information technology infrastructure managed services. The master service agreement provides the framework for country specific agreements to be subsequently entered into by the local entities of each party. The potential total contract value is estimated to be up to $2.9B assuming the successful negotiation of all anticipated country specific agreements and the provision of the full scope of services in all the planned countries over the initial ten-and-a-half year term. :theflyonthewall.com



News For CSC From The Last 14 Days
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February 13, 2012
10:13 EDTCSC
theflyonthewall.com: Lieberman to introduce bill to regulate crucial IT companies, The Hill says
Senator Joe Lieberman, an independent and chairman of the Senate Homeland security Committee, will introduce a bill to give the Department of Homeland Security authority over companies with computer systems deemed crucial to the nation's economic and physical security, according to The Hill. The legislation would require these companies to take adequate safeguards to protect their systems, the publication added. Reference Link :theflyonthewall.com
08:05 EDTCSC
theflyonthewall.com: CSC awarded $38M task order from U.S. Navy
The U.S. Navy awarded CSC a task order to provide engineering support to the Naval Air Warfare Center Weapons Division. With an estimated $38M total contract value, the task order, which was signed during CSC’s FY12 second quarter, has a one-year base period and two one-year options. This task order was issued under the R2-3G contract vehicle, originally awarded to CSC in 2010. :theflyonthewall.com

February 8, 2012
16:39 EDTCSC
theflyonthewall.com: On The Fly: Closing Wrap

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12:13 EDTCSC
theflyonthewall.com: On The Fly: Mid-Day Wrap
Stocks on Wall Street were lower at mid-day, as a rally that has extended through most sessions this year took a pause. Each of the major indices has moved into negative territory. The averages hung around the flat line for most of the early morning, as the absence of any major news kept the market from establishing a firm direction. In the end, the absence of news sent the averages into negative territory, as the wait for a deal between Greece and the EU has left investors frustrated and on the sideline... ECONOMIC EVENTS: Domestically, the MBA Mortgage Applications Composite Index was up 7.5% for the week. Crude inventories rose by 304K barrels, less than the consensus forecast of a 2.5M barrel build. As for Europe, the Journal said the ECB is making concessions that will help Greece lower its debt burden, but investors still await the announcement of a deal that will secure Greece's next bailout payment... MARKET NEWS: Disney (DIS) shares rose as BMO Capital and Credit Suisse raised their price targets after the company's adjusted earnings beat estimates. Among other large cap companies reporting results, Cerner (CERN), Ralph Lauren (RL), and CVS Caremark (CVS) advanced, while Western Union (WU) and BHP Billiton (BHP) retreated... 3M (MMM) announced that Inge Thulin will take over as CEO when George Buckley retires... Shares of Caesar's Entertainment (CZR) traded actively after its IPO opened for trade at $9.06... MAJOR MOVERS: Among the notable gainers were CSC (CSC), Calix (CALX), and Buffalo Wild Wings (BWLD), after they each had upside earnings surprises. Noteworthy losers included Silicon Graphics (SGI), after its earnings and guidance severely disappointed, and Higher One (ONE), following downgrades at Craig-Hallum and Raymond James on its Q4 report... INDICES: Near noon, the Dow was down 36.33, or 0.28%, to 12,841.87; the Nasdaq was down 5.04, or 0.17%, to 2,899.04; and the S&P 500 was down 2.26, or 0.17%, to 1,344.79. :theflyonthewall.com
12:00 EDTCSC
theflyonthewall.com: CSC rises 16.8%
CSC is up 16.8%, or $4.46, to $30.94 :theflyonthewall.com
11:43 EDTCSC
theflyonthewall.com: CSC says awaiting U.K. review of NHS contract

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11:36 EDTCSC
theflyonthewall.com: CSC says sees sequential margin improvement in Q4
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11:35 EDTCSC
theflyonthewall.com: CSC says SEC investigation ongoing

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11:35 EDTCSC
theflyonthewall.com: CSC CFO Mike Mancuso says will leave in May

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11:34 EDTCSC
theflyonthewall.com: CSC says sees continuation of solid bookings perforamnce in Q4, FY

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10:00 EDTCSC
theflyonthewall.com: CSC rises 23.5%
CSC is up 23.5%, or $6.23, to $32.71 :theflyonthewall.com
09:59 EDTCSC
theflyonthewall.com: CSC jumps above its 200-day MA after results, resistance is at $33.63

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09:45 EDTCSC
theflyonthewall.com: Gappers report: Bullish gaps

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09:00 EDTCSC
theflyonthewall.com: CSC rises 5.7%

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08:38 EDTCSC
theflyonthewall.com: CSC continues to withhold FY12 guidance

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08:36 EDTCSC
theflyonthewall.com: CSC reports Q3 new business awards $4.1B

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08:35 EDTCSC
theflyonthewall.com: CSC reports Q3 adjusted EPS $1.35, consensus 58c

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February 7, 2012
16:30 EDTCSC
theflyonthewall.com: Computer Sciences names Rodney Chase as non-exectuive chairman

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16:30 EDTCSC
theflyonthewall.com: Computer Sciences appoints Mike Lawrie President and CEO

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15:14 EDTCSC
theflyonthewall.com: Companies reporting Before the Market Open on Wednesday, February 8

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February 6, 2012
14:25 EDTCSC
theflyonthewall.com: CSC named a short Research Tactical Idea at Morgan Stanley

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06:53 EDTCSC
theflyonthewall.com: Government contractors cut costs last quarter, Washington Post reports
Government contractors such as Northrop Grumman (NOC) and Booz Allen Hamilton (BAH) cut expenses during Q4 in order to keep their profits high, according to The Washington Post. Some analysts, however, question, whether the cost-cutting can continue over the long-term, the newspaper added. Reference Link :theflyonthewall.com

February 2, 2012
13:33 EDTCSC
theflyonthewall.com: CSC February volatility expensive as shares trend up into Q3
CSC February call option implied volatility is at 64, March and June is at 45; compared to its 26-week average of 48 according to Track Data, suggesting larger near term-price movement into the expected release of Q3 results on February 8. :theflyonthewall.com

January 31, 2012
08:38 EDTCSC
theflyonthewall.com: CSC target lowered to $34 from $38 at Stifel Nicolaus

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