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Stock Market & Financial Investment News

News Breaks
December 6, 2012
08:40 EDTCTSHCognizant volatility stays low on wide price movement
Cognizant overall option implied volatility of 27 is below its 26-week average of 33 according to Track Data, suggesting decreasing price movement.
News For CTSH From The Last 14 Days
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May 22, 2013
05:43 EDTCTSHStocks with implied volatility movement; CTSH DRYS
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May 21, 2013
14:03 EDTCTSHSenators 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 EDTCTSHTech companies unhappy with parts of immigration bill, NY Times says
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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).
May 13, 2013
06:33 EDTCTSHImmigration 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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