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Standpoint Research Downgrades Accenture (ACN)
Tuesday, April 27, 2010 - 10:34am | 112Standpoint Research has downgraded shares of Accenture (NYSE: ACN). The stock hit an all time high on Friday, and Standpoint analyst Ronnie Moas wrote that he believes the stock is now fairly valued at 17x trailing earnings and around 14x next year's estimates. Standpoint recommended this name on...
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Benzinga’s Top Pre-Market Gainers (LIOX, SBCF, AUTH, NVAX, VICL)
Thursday, April 22, 2010 - 10:16am | 184Lionbridge Technologies, Inc (NASDAQ: LIOX) soared 19.43% to $5.41 in the pre-market session. LIOX announced partnership to accelerate development and commercialization of Real-Time Translation Automation with IBM. Seacoast Banking Corporation of Florida (NASDAQ: SBCF) added 14.36% to $2.23 in pre-...
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Benchmark Capital Says VMware Offers Enormous Upside (VMW)
Wednesday, April 21, 2010 - 3:09pm | 143According to a report released by Benchmark Capital today, VMWare (NYSE: VMW) offers "enormous upside." The firm has a BUY rating on the stock and a price target of $70. During today's trading session, the shares have gained 8.14% to $61.12 on very high volume. This stock was also upgrade by...
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Benzinga’s Top Pre-Market Losers (VITC, IGTE, CSIQ, KMGB, GILD)
Wednesday, April 21, 2010 - 9:26am | 168Vitacost.com, Inc (NASDAQ: VITC) lost 30.97% to $ 8.67 in the pre-market session. VITC’s shares fell after the company cuts Q1 outlook. iGATE Corporation (NASDAQ: IGTE) tumbled 9.43% to $12 in the pre-market session. IGTE offers outsourcing solutions that provide a business outcome based pricing...
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CSC Joins Hands with Intec - Analyst Blog
Tuesday, April 20, 2010 - 2:30pm | 552Computer Sciences Corporation (CSC), an information technology (IT) services company, recently entered into a strategic alliance with business support systems (BSS) solutions provider Intec (ITL). The company is trying to unlock the potential of the BSS market, and expects that this partnership...
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Benzinga’s Top Pre-Market Gainers (ARRY, UNIS, CPBY, NENG, SMTX)
Tuesday, April 20, 2010 - 9:27am | 179Array BioPharma Inc (NASDAQ: ARRY) jumped 29.14% to $3.90 in the pre-market session. ARRY has signed a $467 million deal with Novartis. Unilife Corporation (NASDAQ: UNIS) added 8.45% to $6.80 in pre-market trading. UNIS designs, develops, manufactures and supplies healthcare safety products for...
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Benzinga’s Top Pre-Market Gainers (ARRY, UNIS, CPBY, NENG, SMTX)
Tuesday, April 20, 2010 - 9:26am | 179Array BioPharma Inc (NASDAQ: ARRY) jumped 29.14% to $3.90 in the pre-market session. ARRY has signed a $467 million deal with Novartis. Unilife Corporation (NASDAQ: UNIS) added 8.45% to $6.80 in pre-market trading. UNIS designs, develops, manufactures and supplies healthcare safety products for...
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CSC Taking Off with Airbus - Analyst Blog
Friday, April 16, 2010 - 5:45pm | 513Things are going in favor of the information technology (IT) major Computer Sciences Corporation (CSC). The company recently announced that it has been chosen by Airbus as a principal consultant for further enhancement of the Value Chain Visibility (VCV) and Auto-ID program of the company. As per...
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China Information Security Tech, Inc. (NASDAQ: CPBY)
Thursday, April 15, 2010 - 9:20am | 96China Information Security Tech, Inc. (NASDAQ: CPBY) announced today that its newly signed contracts in the first quarter of 2010 were valued at $30.6 million, an increase of 65% compared to the first quarter of 2009. During the first quarter of 2010, the Company won contracts from clients in 23...
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iGATE Corporation (IGTE) Reports $11.6 Million In First-Quarter Profit
Wednesday, April 14, 2010 - 9:49am | 91iGATE Corporation (NASDAQ: IGTE) has reported its first-quarter results today. The company reported a profit of $11.6 million, or $0.20 per share in the first-quarter, compared with a profit of $5 million, or $0.09 per share it reported for the same period last year. Sales were up from $44.8...
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iGATE Corporation (IGTE) Income More Than Doubles
Wednesday, April 14, 2010 - 8:43am | 117Shares of IT outsourcing firm iGATE Corporation (NASDAQ: IGTE) were up more than 6% in pre-market trading after the company announced early Wednesday morning that its 1st quarter profit more than doubled. iGATE Corporation reported 1st quarter net income of $11.6 million, or 20 cents per share, up...
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Benzinga’s News Roundup (JPM, IGTE, MAPP, ASML)
Wednesday, April 14, 2010 - 7:58am | 324JPMorgan Chase & Co. (NYSE: JPM) reported today a first-quarter net income of $3.3 billion, or $0.74 per share, as compared to a net income of $2.1 billion, or $0.40 per share, for the same quarter last year. Total net revenue was $27.7 billion for the quarter. Analysts had expected JPM to...
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New BICK Emerging Market ETF from First Trust
Wednesday, April 14, 2010 - 3:00am | 344Start with the BRICs, boot out Russia, and add in South Korea. That’s the essence of the new First Trust BICK Index Fund (BICK) that began trading yesterday (4/13/10). The underlying ISE BICK Index is designed to track the largest and most liquid companies domiciled in Brazil, India, mainland...
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Benzinga’s Volume Movers (LOPE, EDMC, AONE, INFY, VLCM)
Tuesday, April 13, 2010 - 3:55pm | 197Grand Canyon Education, Inc (NASDAQ: LOPE) shares gained 4.64% to $27.50. The volume of LOPE shares traded was 358% higher than normal. LOPE rose after Credit Suisse upgraded the for-profit education sector. Education Management Corporation (NASDAQ: EDMC) shares climbed 12.60% to $25.38. The volume...
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Cognizant To Benefit From Substantial Increase In M&A
Tuesday, April 13, 2010 - 2:12pm | 163Analysts at Deutsche Bank maintain their "buy" rating on Cognizant (NASDAQ: CTSH). The target price for CTSH has been raised from $52 to $60. According to Deutsche Bank, CTSH’s Q1 revenue guidance seems to be conservative. “Demand trends in key verticals will also be a big focus. Financial Services...