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Stock Market & Financial Investment News

News Breaks
April 2, 2014
06:22 EDTCTSHCognizant upgraded to Buy from Neutral at UBS
UBS upgraded Cognizant and said it is well positioned for the current demand environment as IT budgets are focused on cost optimization and believes discretionary project spending will be solid. The analyst expect Cognizant to announce a more formal capital return policy this year and views valuation as attractive. Price target raised to $58 from $50.
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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August 7, 2014
10:20 EDTCTSHHigh option volume stocks
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07:49 EDTCTSHCognizant price target lowered to $50 form $58 at UBS
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07:43 EDTCTSHCognizant outlook still positive, says Wells Fargo
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August 6, 2014
14:31 EDTCTSHCognizant shares should be bought on weakness, says William Blair
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10:00 EDTCTSHOn The Fly: Analyst Downgrade Summary
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09:58 EDTCTSHCognizant guidance cut client specific, not market driven, says Wells Fargo
Wells Fargo noted that Cognizant attributed its lowered revenue guidance to weakness in near-term spending at a small group of clients, not to a change in its market opportunity. Wells keeps its Outperform rating on Cognizant, as it does not see a change in the company's long-term prospects, but does expect its stock to struggle in the near term following its Q2 report.
09:48 EDTCTSHCognizant plunges after earnings and outlook
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09:13 EDTCTSHOn The Fly: Pre-market Movers
HIGHER: Fox class A shares (FOXA), up 5.9% after withdrawing proposal to acquire Time Warner (TWX), announcing $6B share repurchase program, reporting quarterly results... MannKind (MNKD), up 1.6% after entering a supply agreement with Amphastar Pharmaceuticals (AMPH)... Criteo (CRTO), up 11.5% after upgraded at Goldman following its better than expected Q2 earnings report. LOWER: Time Warner (TWX), down 13% after earnings, maintaining guidance, bid dropped by Fox... Sprint (S), down 16.5% after naming Marcelo Claure as president and CEO, reportedly dropping pursuit of T-Mobile (TMUS). T-Mobile shares also down 8.5%... Groupon (GRPN), down 18%, downgraded at Wunderlich after the company reported lower than expected Q3 results... Walgreen (WAG), down 15.7% after exercises option to acquire remaining 55% of Alliance Boots, says it will not pursue inversion as part of deal... Shire (SHPG), down 6% after Walgreen announced it would stay located in Chicago and Bloomberg last night reported that the Treasury Department is exploring ways to bypass Congress in an attempt to curb corporate inversions... Cytori Therapeutics (CYTX), down 33% after announcing that it has placed enrollment in the ATHENA and ATHENA II trials on clinical hold. UP AFTER EARNINGS: Enphase Energy (ENPH), up 20%... AOL (AOL), up 5%. DOWN AFTER EARNINGS: Nu Skin (NUS), down 8.5%... Rocket Fuel (FUEL), down 27%... Cognizant (CTSH), down 13%... First Solar (FSLR), down 2.5%... Globus Medical (GMED), down 17%.
08:39 EDTCTSHCognizant downgraded to Neutral from Overweight at JPMorgan
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06:07 EDTCTSHCognizant sees FY14 EPS at least $2.54, consensus $2.38
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06:06 EDTCTSHCognizant sees Q3 EPS at least 63c, consensus 60c
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06:05 EDTCTSHCognizant reports Q2 adjusted EPS 66c, consensus 58c
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