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Protection Purchased on Cognizant Technology (CTSH)
Thursday, October 7, 2010 - 11:02am | 131Shares of Cognizant Technology Solutions Corporation (NASDAQ: CTSH) are lower on the session by 0.49%, currently trading at $64.37. The stock has been moving largely higher over the past six months, moreover the past year, and is trading just off of a fresh 52-week high. Options traders are buying...
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Price Target Raised On (SFE, ZUMZ, OGE, LLNW)
Thursday, October 7, 2010 - 10:54am | 115The price target has been raised on: Stifel Nicolaus has raised the PT on Safegaurd Scientifics (NYSE: SFE) to $18 from $17; Buy Oppenheimer and Caris & Company have raised the PT on Zumiez (NASDAQ: ZUMZ) to $27; Outperform, Buy Wunderlich has raised the PT on OGE Eneregy (NYSE: OGE) to $44...
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INX Inc. Announces Executive Role Changes
Thursday, October 7, 2010 - 9:31am | 103INX Inc. (NASDAQ: INXI) today announced that Company veteran Mark T. Hilz has been named President and Chief Executive Officer, while James H. Long will take the title of Executive Chairman. Mr. Hilz previously served on the Company's board of directors as an independent board member between...
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Ariba Announces Services Sale To Accenture
Thursday, October 7, 2010 - 7:45am | 141According to an Oppenheimer report, Ariba (NASDAQ: ARBA) announced it had entered into an agreement with Accenture (NYSE: ACN) to sell its sourcing services and business process outsourcing services assets to the consulting firm for $51M. Through the acquisition, ACN will gain Ariba's "category...
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BMC Acquires Software Unit - Analyst Blog
Wednesday, October 6, 2010 - 7:12pm | 1024Milan-based Neptuny Software is the leading provider of Information Technology (IT) Performance Optimization, as well as Capacity and Virtualization Planning solutions. Neptuny's Caplan solution, which is basically a Capacity Planning solution for large data centers and networks, facilitates...
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Rackspace Getting Hit (RAX)
Wednesday, October 6, 2010 - 12:56pm | 74Shares of Rackspace Hosting, Inc. (NYSE: RAX) have been getting hit hard today, losing more than 12% to trade at $23.05. Shares of cloud-computing stocks have been hit hard today, as momentum traders sell out of these names. Rackspace provides information technology (IT) as a service, managing Web-...
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The Technology CEO Council Identifies $1 Trillion in Federal Government Savings
Wednesday, October 6, 2010 - 12:38pm | 649The U.S. federal government can save over $1 trillion by 2020, while improving the services it provides to citizens and laying a foundation for future job growth and innovation, according to a new economic report released today by the Technology CEO Council (TCC). The research...
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Integral Systems Awarded $4.1 Million Contract
Wednesday, October 6, 2010 - 8:45am | 111Integral Systems, Inc., (Nasdaq: ISYS), announced today that it has been awarded a task order with a base year and four option years, for a task order value of $4.1 million contract to modernize the National Oceanic and Atmospheric Administration's Polar Ground Systems. Under the terms of the...
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CGI wins US$11 Million Contract
Tuesday, October 5, 2010 - 8:47am | 113The Marine Corps Systems Command has awarded CGI Federal Inc., a wholly-owned U.S. operating subsidiary of CGI Group Inc. (NYSE: GIB), a US$11 million dollar firm-fixed-price contract over five years. This competitively-awarded contract will support multiple, critical U.S. Marine Corps Manpower...
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CGI Renews and Expands IT Outsourcing Contract with Bombardier Aerospace
Tuesday, October 5, 2010 - 8:39am | 72CGI Group Inc. (NYSE: GIB) and Bombardier Aerospace today announced the signing of a renewed and expanded IT outsourcing contract. The five-year contract is valued at approximately US$160 million. CGI will be responsible for delivering various types of IT infrastructure services to Bombardier...
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SAIC Awarded $14 Million Contract
Tuesday, October 5, 2010 - 7:50am | 98Science Applications International Corporation (NYSE: SAI) announced today it was awarded a prime contract by Terra Gen Sierra Holdings, LLC, an affiliate of Terra-Gen Power, a renewable energy company focused on geothermal, wind and solar generation, to engineer, procure and construct a binary...
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SAIC Awarded Contract Valued up to $49M
Monday, October 4, 2010 - 4:07pm | 94Science Applications International Corporation (NYSE: SAI) today announced it has been awarded a follow-on contract by the Naval Air Systems Command to provide financial, program, and business analysis support to the Naval Air Warfare Center Aircraft Division's Comptroller Department and Program...
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SRA Chosen for CDC's 10-Year, Multi-Award Contract Valued up to $4B
Monday, October 4, 2010 - 4:04pm | 69SRA International, Inc. (NYSE: SRX) today announced that it has been selected as a prime contractor for the Centers for Disease Control and Prevention's Information Management Services contract, specifically the Management Consulting and Information Management Services domains. The multi-award...
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Standpoint Research Downgrades Accenture (ACN)
Monday, October 4, 2010 - 10:16am | 142Standpoint Research is downgrading shares of Accenture Plc (NYSE: ACN), to Hold from Buy on valuation concerns. In the research note, Standpoint writes, "The share buyback (old news), raised guidance and earnings from last week, and today's ($2.8 bln) contract announcement are already reflected in...
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Standpoint Downgrades Accenture (ACN) from Buy to Hold
Monday, October 4, 2010 - 10:06am | 17Standpoint Downgrades Accenture (NYSE: ACN) from Buy to Hold