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Stock Market & Financial Investment News

News Breaks
December 5, 2012
10:08 EDTCTSHCognizant advances after disclosing 2013 bonus criteria
IT outsourcing company Cognizant (CTSH) is climbing after the company last night revealed the criteria for the bonuses of its executives in 2013. The company uses a metric it calls performance units to calculate the bonuses of its top executives. In an SEC filing, the IT outsourcing company revealed that the top executives will receive no bonus if the company's 2013 revenue comes in below $8.22B, while they will receive 50% of their bonus performance units if Cognizant's revenue is $8.22B or higher, and 100% of the units if its revenues reach $8.515B or greater. If the company's revenues are $9.175B or greater, the executives will receive a bonus equal to 200% of their assigned performance units. In a note to investors earlier today, Jefferies analyst Jason Kupferberg wrote that Cognizantís incentive compensation thresholds for 2013 are "encouraging." The level of revenue needed to trigger a 100% payout was about 0.9 percentage points higher than the Street was expecting, the analyst wrote. The company's guidance, which is usually provided in February, is typically roughly in-line with the amount of revenue needed to achieve a 100% payout, Kupferberg wrote. Cognizant is continuing to take market share, added the analyst, who maintained a Buy rating on the shares. In early trading, Cognizant rose $1.79, or 2.67%, to $68.83.
News For CTSH From The Last 14 Days
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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.
August 18, 2014
17:03 EDTCTSHLone Pine Capital reports 5.3% passive stake in Cognizant
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09:00 EDTCTSHHealth Net fundamentals remain favorable, says Susquehanna
Susquehanna said Health Net (HNT) fundamentals remain favorable following meetings with management. The firm cited the company's conservative outlook and the benefit of its back office contract with Cognizant (CTSH) which positions the company well for sustainable earnings growth through 2016. Shares of Health Net remain Positive rated with a $55 price target on the shares.
August 12, 2014
06:00 EDTCTSHStocks with implied volatility below IV index mean; CTSH KMP
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