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News Breaks | | | | December 5, 2012 | | 10:08 EDT |  | CTSH | Cognizant 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 Cognizant’s 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. | |
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News For CTSH From The Last 14 Days Check below for free stories on CTSH the last two weeks. |
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| 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). | | | May 13, 2013 | | 06:33 EDT |  | CTSH | Immigration 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 EDT |  | CTSH | Stocks with implied volatility movement; SODA CTSH
 Subscribe for More Information | | | May 9, 2013 | | 08:46 EDT |  | CTSH | Cognizant price target lowered to $76 from $85 at BMO Capital
Subscribe for More Information | | | 07:29 EDT |  | CTSH | Bernstein to host a conference
10th Annual IT Services Conference to be held in New York on May 9. | | | May 8, 2013 | | 09:24 EDT | | CTSH | On 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 EDT | | CTSH | Cognizant extends, raises share repurchase program to by $500M to $1.5B
Subscribe for More Information | | | 06:08 EDT |  | CTSH | Cognizant sees FY13 EPS at least $4.31, consensus $4.00
Subscribe for More Information | | | 06:06 EDT | | CTSH | Cognizant sees Q2 EPS $1.06, consensus 97c
Sees Q2 revenue at least $2.13B, consensus $2.11B. | | | 06:04 EDT | | CTSH | Cognizant reports Q1 EPS $1.02, consensus 93c
Reports Q1 revenue $2.02B, consensus $2.01B. Reports Q1 net headcount addition approximately 6,000. | | | | May 7, 2013 | | 15:34 EDT | | CTSH | Notable companies reporting before tomorrow's open
Subscribe for More Information | | | 11:31 EDT | | CTSH | Stocks with call strike movement; CTSH MNST
Subscribe for More Information | | | May 6, 2013 | | 07:30 EDT | | CTSH | Cognizant added to Conviction Buy List at Evercore
Evercore added Cognizant to its Conviction Buy List due to the recent share sell-off and believes the impact of the proposed U.S. Immigration Bill is discounted in valuation. hares are Overweight rated with a $96 price target. | |
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