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Stock Market & Financial Investment News

News Breaks
December 4, 2012
19:13 EDTCTSHCognizant up almost 5% after outlining executive bonus payouts
Cognizant (CTSH), which traded up almost 5% in today's after hours session, outlined in a regulatory filing both the restricted stock units and performance units due to certain of the company's executives. The filing indicated 0% of the performance units would be awarded if the company's FY13 revenue came in below $8.22B, and only 50% of the units would be awarded if FY13 revenues come in below $8.515B, with a 200% payout of the performance units coming at revenues of $9.175B. According to First Call, consensus estimates for FY13 revenues are currently $8.58B.
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August 24, 2014
21:59 EDTCTSHVMware to hold a conference
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August 20, 2014
08:31 EDTCTSHCognizant deal with Health Net has encouraging read through, says Cowen
Cowen noted Cognizant (CTSH) shareholders were concerned over its deal with Health Net (HNT) but noted management feels the deal is a true partnership. The firm feels management's positive comments are encouraging and address the execution and profitability concerns of shareholders. Shares of Cognizant are Outperform rated with a $50 price target.

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