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CTG Third Quarter Revenue Increased 26% and EPS Up 30%
Tuesday, October 26, 2010 - 4:33pm | 94CTG (NASDAQ: CTGX), an international information technology (IT) solutions and services company, announced its financial results for the 2010 third quarter which ended on October 1, 2010. The continued increase in client demand for external IT resources and ramp-up of new electronic medical records...
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Market Roundup (MGM, DV, UA, COH, UIS)
Tuesday, October 26, 2010 - 1:27pm | 230Moody's Investors Service has lifted the rating outlook on MGM Resort International (NYSE: MGM) from “stable” to “positive.” Moody's has affirmed corporate family rating of “Caa1” on the company. Moody's Investors Service said, "The outlook revision to positive reflects the favorable impact on MGM'...
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Piper Jaffray Maintains Wipro Limited Rating
Tuesday, October 26, 2010 - 8:58am | 90While pent-up 2008-2009 demand remains a strong contributor to volume gains, high attrition and underinvestment in discretionary-related headcount will likely hamper earnings leverage over the next 12 months, in Piper Jaffray's view. “As such, we do not believe Wipro Limited (NYSE: WIT) should...
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Ryder Appoints Gregory Knott Vice President Information Technology Supply Chain Solutions
Monday, October 25, 2010 - 4:41pm | 124Ryder System, Inc. (NYSE: R), a leader in transportation and supply chain management solutions, today announced the appointment of Gregory Knott to Vice President of Information Technology (IT) for its Supply Chain Solutions (SCS) business segment. In this new role, Mr. Knott will lead an IT team...
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The Run In Riverbed Continues (RVBD)
Monday, October 25, 2010 - 12:25pm | 106Shares of Riverbed Technology (NASDAQ: RVBD) are rising again on Monday after rallying more than 20% on Friday on the back of a strong earnings report. RVBD reported EPS of $0.34 compared to estimates of $0.28. Revenues were up 44.9% compared to the year ago period. Riverbed has now jumped nearly...
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CGI Wins US$18 Million in New Contracts
Monday, October 25, 2010 - 8:36am | 90The U.S. Marine Corps Systems Command Training and Education Command has awarded CGI Federal, a wholly-owned subsidiary of CGI Group Inc. (NYSE: GIB), multiple contracts to provide training support for the USMC wide-range transformation modernization program. One award is a US$11 million firm-...
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ManTech Awarded $49.9M Contract
Monday, October 25, 2010 - 8:01am | 83ManTech International Corporation (NASDAQ: MANT) today announced the company has received a contract with the Space and Naval Warfare Systems Command Center Atlantic to perform technical support services required to augment command, control, communications, computers, intelligence, surveillance,...
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Citi Sees Modest Upside In Cognizant Technology Solutions (CTSH)
Monday, October 25, 2010 - 7:55am | 160Citi Investment Research has a note on Cognizant Technology Solutions Corp (NASDAQ: CTSH) which it continues to see modest upside in shares. It has a $74 price target, and a Buy/Medium Risk on shares. In an investment report Citi writes, "CTSH remains Buy-rated as we look forward to its 3 rd...
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SAIC Awarded $23 Million Task Order
Monday, October 25, 2010 - 7:52am | 88Science Applications International Corporation (NYSE: SAI) announced today that it was awarded a prime follow-on contract by the U. S. Department of Defense Biometrics Identity Management Agency to continue providing biometric support services to the U.S. Central Command's (USCENTCOM) area of...
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Mid-Day Market Movers (RITT, MTSL, CLRT, SERV)
Friday, October 22, 2010 - 10:10am | 126RIT Technologies Ltd (NASDAQ: RITT) jumped 113.79% to $3.72 at 10:08 am. RITT's quarterly earnings surged 63.66% y/y. MER Telemanagement Solutions Ltd (NASDAQ: MTSL) shares surged 86.27% to $2.35. MTSL's quarterly earnings jumped 111.35% y/y. Clarient Inc (NASDAQ: CLRT) climbed 32.89% to $4.97....
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J.P. Morgan Reiterates Overweight Rating Of Gartner, Inc.
Friday, October 22, 2010 - 8:12am | 108Gartner, Inc. (NYSE: IT) is maintaining its Overweight rating on Gartner shares following this week's trip to the company's annual Symposium/ITxpo event in Orlando. “We were impressed with the attendee/vendor turnout, and picked up some incrementally positive data points,” J.P. Morgan writes. “We...
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Acorn Energy Lowers Guidance - Analyst Blog
Thursday, October 21, 2010 - 4:30pm | 197Acorn Energy (ACFN) issued preliminary third quarter revenues and reduced full-year 2010 revenue guidance from a minimum of $48 million to a range of $40 to $44 million. Four out of five Acorn's companies demonstrated stronger than expected revenues. CoaLogix reported revenues of $5.5 million (...
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InfoLogix Announces NASDAQ Decision to Delist Stock
Thursday, October 21, 2010 - 9:49am | 74InfoLogix, Inc. (IFLG) today announced that, on October 21, 2010, it received notice that the NASDAQ Listing Qualifications Panel has determined to delist the Company's common stock from The NASDAQ Stock Market and will suspend trading of the common stock effective with the open of trading on...
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U.S. General Services Administration selects CGI for multi-vendor $76M BPA
Thursday, October 21, 2010 - 8:37am | 57CGI Federal Inc., a wholly-owned U.S. operating subsidiary of CGI Group Inc. (NYSE: GIB) has been selected as one of the 11 companies awarded a five-year, government-wide Blanket Purchase Agreement for Infrastructure as a Service by the U.S. General Services Administration. The BPA is valued at US...
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Accenture's CEO Is Part Of Normal Succession Plan, Goldman Sachs Reports
Thursday, October 21, 2010 - 8:09am | 151Yesterday, Accenture Plc. (NYSE: ACN) announced that Pierre Nanterme will become the company's CEO, effective 1/1/2011. William D. Green, Accenture's current chairman and CEO, will continue as chairman and remain involved in planning the company's long-term business strategy. “Although the timing...