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Satyam Topped Out?
Tuesday, May 11, 2010 - 3:59pm | 123Shares of Satyam Computer Services (NYSE: SAY) are off 2.61% to $5.16 today; it is currently trading below both the 50-day and 200-day moving average. One large trader is coming in to sell volatility in the name via a covered call today; the October $5 call was sold on the bid earlier in the day...
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Mid Market Movers (ZANE, RGDX, AEY, AGEN)
Tuesday, May 11, 2010 - 3:14pm | 166Zanett Inc (NASDAQ: ZANE) jumped 36.52% after it said that it has won $17.1 million in new business during the first three months of 2010. ZANE offers customized information technology solutions in the US. Response Genetics (NASDAQ: RGDX) shares soared 31.63% after the company said it has signed a...
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Brean Murray Carret & Co. Maintains Buy Rating On China Information Security Technology (CPBY)
Tuesday, May 11, 2010 - 2:08pm | 101China Information Security Technology (NASDAQ: CPBY) reported earnings per share of $0.12 compared to analysts' estimates of $0.10 yesterday. Revenues increased 68.9% year-over-year to $25.3 million. In a report released today, Brean Murray Carret & Co. said that they are raising estimates...
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China Information Security Technology (CPBY) Falls 5%
Monday, May 10, 2010 - 4:58pm | 112Shares of China Information Security Technology, Inc. (Nasdaq: CPBY) ended the Monday trading session down 5.27% at $5.75 per share. The day's trading range of China Information Security Technology, Inc. was $5.62 to $6.45 per share and the company's 52 week trading range is $2.50 to $7.97 per...
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ETF Liquidity Dealt a Setback
Friday, May 7, 2010 - 3:22pm | 578Market liquidity was tested on Thursday. It failed. The blame game now in full motion, with many analysts pointing to an NYSE circuit-breaker mechanism that seems to have backfired. The carnage was bad for stocks, but even worse for ETFs and ETNs. Much is being made about the Accenture (ACN)...
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News Summary (GIB, SXE, AAPL, RIMM, NOK, GS)
Friday, May 7, 2010 - 1:55pm | 357About 15 minutes into the trading session and the markets have turned positive. While the Dow has moved up 0.51% to 10573, the S&P has added 0.56% to 1134. Meanwhile, the Nasdaq has advanced 0.38% to 2328. Most analysts believe that the dip in the markets has offered a buying opportunity....
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Company News for May 7, 2010 - Corporate Summary
Friday, May 7, 2010 - 9:45am | 187• AIG (NYSE:AIG) reported adjusted earnings of $1.21, well above Zacks estimates for 48 cents, on revenues of $16.33 billion, which missed projections of $22.38 billion • Consolidated Edison (NYSE:ED) posted better-than-expected first quarter results of 93 cents versus Zacks expectations of 81 cent...
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What Stock Dropped from 41.78 to 4 Cents Today
Friday, May 7, 2010 - 1:26am | 312Today, Thursday, May 6, was a very volatile day, to say the least. Apple Inc. (AAPL) traded down to 199.25. Procter & Gamble Co. (PG) traded as low as 39.37. Do you know what stock opened at 41.78 dropped to 4 cents a share and recovered to 41.09, at least according to Yahoo (YHOO) Finance and...
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Where Were You During the Crash of 2010?
Thursday, May 6, 2010 - 4:54pm | 814With the S&P 500 trading down 3.26% on the session, off 37.94 points, one would think that long stock holders would be heading home with their head hung low—that’s not the case today. If you are a long stock holder, or a short vol trader, or a short Gold/Bond/U.S. Dollar trader you are heading...
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Benzinga’s Top Upgrades (CBR, CKP, MINI, ADCT, HOLX)
Thursday, May 6, 2010 - 10:00am | 184Ciber Inc (NYSE: CBR) was upgraded by Stifel Nicolaus from “hold” to “buy.” CBR’s shares closed at $3.38 yesterday. CBR’s shares have lost 2.03% year-to-date. Robert W Baird upgraded Checkpoint Systms Inc (NYSE: CKP) from “neutral” to “outperform.” CKP’s shares closed at $18.69 yesterday. CKP’s...
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Jefferies & Company Inc. Initiates Coverage Of iGate Corp. (IGTE) With Buy Rating
Monday, May 3, 2010 - 11:16am | 90Analyst Joseph Vafi at Jefferies & Company Inc. has initiated coverage of iGate Corp. (NASDAQ: IGTE) with Buy rating. The 12-month price target for iGate Corp. stock has been set at $15. Jefferies & Company says that despite solid P&L performance in the last few quarters, the company...
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IGTE Initiated With Buy At Jefferies
Monday, May 3, 2010 - 8:08am | 50Analysts at Jefferies & Co initiate coverage of iGATE (NASDAQ: IGTE) with a "buy" rating. The target price for IGTE is set to $15. IGTE moved up 0.14% to close at $12.39 on Friday. More Analyst Ratings here
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Revenues Decline at Unisys - Analyst Blog
Wednesday, April 28, 2010 - 1:30pm | 626Unisys Corp. (UIS) reported a net loss of $11.6 million or 27 cents per share in the first quarter of 2010 compared to a net loss of $24.4 million or 66 cents in the first quarter of 2009. The results included an approximately $35 million of pre-tax foreign exchange loss in other income,...
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Hospira Surges Ahead (revised) - Analyst Blog
Tuesday, April 27, 2010 - 5:01pm | 474Hospira (HSP) reported first quarter fiscal 2010 earnings per share (EPS) of 84 cents, down 18.4% from the year-ago quarter’s $1.03. However, this figure reflects a 2009 per share benefit of 57 cents from a settlement with its IRS audit. Not including this one-time benefit, first quarter 2010 EPS...
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Hospira Surges Ahead - Analyst Blog
Tuesday, April 27, 2010 - 12:00pm | 454Hospira (HSP) reported first quarter fiscal 2010 earnings per share (EPS) of 84 cents, down 18.4% from the year-ago quarter’s $1.03. Results included a per share benefit of 57 cents due to a settlement with the US Internal Revenue Service audit. Excluding non-recurring items, EPS came in at 94...