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Stock Market & Financial Investment News

News Breaks
September 18, 2012
07:28 EDTCTSH, PHG, INFYCognizant outspends rivals to win new business, Bloomberg reports
Cognizant Technology Solutions Corp. (CTSH) is spending more than double its competitors to win business from clients such as Royal Philips Electronics (PHG) with 22% of revenue being spent on higher wages and placing more people into customers’ sites in the U.S. and Europe, reports Bloomberg. Reference Link
News For CTSH;INFY;PHG From The Last 14 Days
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May 21, 2013
14:03 EDTINFY, CTSHSenators reach deal to ease rules on skilled worker visas, Reuters says
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12:33 EDTCTSHiGATE tumbles after firing CEO over employee relationship
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May 20, 2013
06:56 EDTINFY, CTSHTech companies unhappy with parts of immigration bill, NY Times says
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May 17, 2013
11:59 EDTINFYOptions with decreasing implied volatility: ILMN LO A HES INFY CSCO
May 15, 2013
07:35 EDTINFYJPMorgan 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 EDTCTSHLone 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).
10:49 EDTPHGDell accuses optical disk drive makers of price-fixing, Bloomberg says
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May 13, 2013
06:33 EDTINFY, CTSHImmigration bill negative for Indian IT companies, Politico says
Portions of the immigration reform bill drawn up by eight members of the Senate would significantly hurt Indian IT technology companies, according to Politico. The companies are asking their investors and customers to remain clam, while hoping for the best, the website added. Reference Link
06:05 EDTCTSHStocks with implied volatility movement; SODA CTSH
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May 9, 2013
08:46 EDTCTSHCognizant price target lowered to $76 from $85 at BMO Capital
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07:29 EDTCTSHBernstein to host a conference
10th Annual IT Services Conference to be held in New York on May 9.
May 8, 2013
09:24 EDTCTSHOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Myriad Genetics (MYGN), up 9%... Electronic Arts (EA), up 7.4%... Cognizant (CTSH), up 5.2%. ALSO HIGHER: Whole Foods (WFM), up 8.5% after earnings, raising guidance, announcing two-for-one stock split... BlackBerry (BBRY), up 2% after Macquarie says stock setting up for bounce and Jefferies says Q10 demand remains robust... Delta (DAL), up 0.7% after initiating 6c dividend, authorizing $500M share buyback. DOWN AFTER EARNINGS: ValueClick (VCLK), down 20%... Axiall (AXLL), down 8.4%... Zillow (Z), down 5.1%... SodaStream (SODA), down 6%... Symantec (SYMC), down 5.8%... AOL (AOL), down 4.6%. ALSO LOWER: Fusion-io (FIO), down 26% after resignations of CEO, Chief Marketing Officer.
06:10 EDTCTSHCognizant extends, raises share repurchase program to by $500M to $1.5B
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06:08 EDTCTSHCognizant sees FY13 EPS at least $4.31, consensus $4.00
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06:06 EDTCTSHCognizant sees Q2 EPS $1.06, consensus 97c
Sees Q2 revenue at least $2.13B, consensus $2.11B.
06:04 EDTCTSHCognizant reports Q1 EPS $1.02, consensus 93c
Reports Q1 revenue $2.02B, consensus $2.01B. Reports Q1 net headcount addition approximately 6,000.

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