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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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March 3, 2015
10:01 EDTCTSHOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Bacterin (BONE) initiated with a Buy at H.C. Wainwright... Cognizant (CTSH) initiated with a Buy at Argus... Comerica (CMA) initiated with a Neutral at UBS... Delphi Automotive (DLPH) initiated with a Neutral at Northcoast... Dunkin' Brands (DNKN) initiated with a Neutral at UBS... Easterly Government Properties (DEA) initiated with an Outperform at RBC Capital... Fifth Third (FITB) initiated with a Buy at UBS... Hilton (HLT) initiated with an Outperform at RBC Capital... KeyCorp (KEY) initiated with a Neutral at UBS... Ligand (LGND) initiated with a Buy at CRT Capital... M&T Bank (MTB) initiated with a Neutral at UBS... MPLX (MPLX) initiated with a Hold at Evercore ISI... Marriott (MAR) initiated with an Outperform at RBC Capital... Nexvet Biopharma (NVET) initiated with an Outperform at JMP Securities... Regions Financial (RF) initiated with a Neutral at UBS... Shell Midstream (SHLX) initiated with a Buy at Evercore ISI... Starwood (HOT) initiated with a Sector Perform at RBC Capital... Sunoco Logistics (SXL) initiated with a Hold at Evercore ISI... Syneron Medical (ELOS) initiated with a Buy at Brean Capital... Tesoro Logistics (TLLP) initiated with a Buy at Evercore ISI... Valero Energy Partners (VLP) initiated with a Buy at Evercore ISI... Vista Outdoor (VSTO) initiated with a Buy at CRT Capital... Zions Bancorp (ZION) initiated with a Sell at UBS.
07:33 EDTCTSHCognizant initiated with a Buy at Argus
Target $72.
February 27, 2015
07:39 EDTCTSHCognizant remains a top pick at Goldman
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