|
|
News Breaks | | | | July 12, 2012 | | 08:23 EDT |  | CTSH, ACN, INFY | Cognizant, Accenture fundamentals positive after Infosys miss, says Citigroup
Citigroup believes fundamentals remain positive for Cognizant (CTSH) and Accenture (ACN) after Infosys (INFY) missed earnings expectations and lowered its outlook for the year. Citi notes that a big part of Infosys' revenue miss was due to a client-specific cancellation of a project in Europe. The firm expects near-term weakness in shares of Cognizant and Accenture following the Infosys earnings report, but says both companies have better execution and competitive positioning. Citi keeps Buy ratings on both stocks. | |
|
News For CTSH;ACN;INFY From The Last 14 Days Check below for free stories on CTSH;ACN;INFY the last two weeks. |
|
|
| May 23, 2013 | | 07:13 EDT |  | INFY | Infosys investors not convinced worst is over, Bloomberg reports
 Subscribe for More Information | | | 06:08 EDT | | INFY | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | May 22, 2013 | | 07:21 EDT |  | ACN | MIT Sloan Alumni Club of Boston to hold a symposium
Subscribe for More Information | | | 05:43 EDT |  | CTSH | Stocks with implied volatility movement; CTSH DRYS
Subscribe for More Information | | | May 21, 2013 | | 14:03 EDT | | INFY, CTSH | Senators reach deal to ease rules on skilled worker visas, Reuters says
Subscribe for More Information | | | 12:33 EDT |  | CTSH | iGATE tumbles after firing CEO over employee relationship
Subscribe for More Information | | | May 20, 2013 | | 16:22 EDT |  | ACN | On The Fly: Closing Wrap
Subscribe for More Information | | | 13:06 EDT | | ACN | On The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday as the Dow and S&P seek to continue their march higher after closing last week at record levels. ECONOMIC EVENTS: In the U.S., the light domestic economic calendar included the Chicago Fed National Activity index, which slipped to -0.53 for April from its prior reading of -0.23. In Asia, the Hang Seng and Shanghai Composite both climbed after Chinese home prices were reported to have risen in April. COMPANY NEWS: Yahoo (YHOO) confirmed it is buying social media platform Tumblr for $1.1B, as widely reported over the weekend, and promised "not to screw it up" in its press release to announce the deal... Actavis (ACT) agreed to acquire Warner Chilcott (WCRX) in a stock-for-stock transaction valued at approximately $8.5B. The deal, which was approved by the boards of both companies, equates to a value of $20.08 per Warner Chilcott share based on Actavis' closing share price on Friday, the companies said. MAJOR MOVERS: Among the notable gainers were some other companies with M&A news: Acquity Group (AQ) shares more than doubled after Accenture (ACN) agreed to buy the company for $13.00 per American Depositary Share, and Pactera Technology (PACT) gained 31% after receiving a non-binding proposal from a Blackstone (BX) affiliate to be taken private for $7.50 per ADS. Among the noteworthy losers was XenoPort (XNPT), which fell 11% after one of its drugs failed in a Phase III trial for multiple sclerosis spasticity. Also lower were shares of Red Hat (RHT), which slid 4% following a downgrade to Market Perform at BMO Capital. INDICES: Near 1 pm ET, the Dow was up 13.67, or 0.09%, to 15,368.07; the Nasdaq was up 1.13, or 0.03%, to 3,500.10; and the S&P 500 was up 2.18, or 0.13%, to 1,669.65. | | | 10:11 EDT |  | ACN | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 09:26 EDT | | ACN | On The Fly: Pre-market Movers
Subscribe for More Information | | | | 06:56 EDT | | INFY, CTSH | Tech companies unhappy with parts of immigration bill, NY Times says
Subscribe for More Information | | | 06:12 EDT | | ACN | Accenture upgraded to Buy from Neutral at Goldman
Subscribe for More Information | | | May 17, 2013 | | 16:34 EDT | | ACN | Accenture acquires Acquity Group for $316M
Subscribe for More Information | | | 16:32 EDT | | ACN | Accenture acquires Acquity Group for $316M
Subscribe for More Information | | | 11:59 EDT | | INFY | Options with decreasing implied volatility: ILMN LO A HES INFY CSCO
| | | May 15, 2013 | | 11:03 EDT | | ACN | Accenture volatility low, shares near record high
Subscribe for More Information | | | 07:35 EDT | | INFY | JPMorgan to host a conference
41st Annual Global Technology, Media & Telecom Conference is being held in Boston on May 14-16 with webcasted company presentations to begin on May 15 at 8 am; not all company presentations may be webcasted. Webcast Link | | | May 14, 2013 | | 17:48 EDT | | CTSH | Lone Pine gives quarterly update on stakes
NEW STAKES: Valeant Pharmaceuticals (VRX), Virgin Media (VMED), Thermo Fisher Scientific (TMO), CME Group (CME), and Liberty Media (LMCA). INCREASED STAKES: Mead Johnson Nutrition (MJN), News Corp (NWSA), Intuitive Surgical (ISRG), Monsanto (MON), and Qualcomm (QCOM). DECREASED STAKES: Cognizant Technology Solutions (CTSH), Equinix (EQIX), Ralph Lauren (RL), Disney (DIS), and Oceaneering International (OII). LIQUIDATED STAKES: Facebook (FB), Crown Castle (CCI), Accretive Health (AH), Informatica (INFA), and NetEase (NTES). | | | 06:31 EDT | | ACN | Accenture selected by Reale Mutua Assicurazioni Group subsidiary
Subscribe for More Information | | | 06:17 EDT | | ACN | Accenture awarded contract management consulting contract by Tullow Oil
Subscribe for More Information | | |
|
|
|
|
|
|
