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Wipro Ltd. - Growth & Income
Tuesday, September 28, 2010 - 3:15am | 454Wipro Ltd. (WIT) recently beat the Zacks Consensus Estimate by an impressive 20%. The company has been seeing strong demand for its high-margin IT services and has been hiring rapidly and increasing guidance as a result. Wipro operates in three segments: IT Services, IT Products, and Consumer Care...
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Virtusa Corp. Director Sells 500,000 Shares of VRTU
Monday, September 27, 2010 - 5:33pm | 52In a Form 4 filed after the bell today, Virtusa Corp. (NASDAQ: VRTU) Director, Izhar Armony, reported that he sold 500,000 shares of VRTU on September 27th for an average price of $9.00. The transaction totaled $4,500,000. Mr. Armony owns 1,069,111 indirect shares of VRTU. Source: The Washington...
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Calls Purchased on Wipro Ltd (WIT)
Monday, September 27, 2010 - 2:34pm | 178Shares of Wipro Limited (NYSE: WIT) are lower on the session by 0.82%, currently trading at $14.53. The stock has been moving largely higher over the past three months after forming a double bottom at $11.80, which just so happened to be the 200-day moving average. Options traders are betting on...
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WPCS Receives $11.7 Million in New Projects (WPCS)
Monday, September 27, 2010 - 10:28am | 70WPCS International Incorporated (Nasdaq: WPCS) has announced that it has received approximately $11.7 million in new contracts. The new contracts include projects to be completed for Kaiser Permanente, Lawrence Livermore National Laboratory, Town of West Hartford, Bushnell Center for the Performing...
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J.P. Morgan Reiterates Overweight on Accenture plc (ACN)
Monday, September 27, 2010 - 9:17am | 217J.P. Morgan is out with a research report this morning, where it reiterates its Overweight rating on Accenture plc (NYSE: ACN); it also raised its price target to $45.00, from $44.00. The JPM analysts cited the company's upcoming earnings report, where they are not expecting any surprises to ACN's...
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Ball Aerospace Weather Satellite Passes Pre-Environmental Review (BLL)
Friday, September 24, 2010 - 2:19pm | 115Ball Aerospace & Technologies Corp. has announced that the fully-integrated NPOESS Preparatory Project (NPP) weather satellite has successfully completed its Pre-Environmental Review (PER) on-schedule in advance of flight environmental testing. The launch is slated for October 2011, with a...
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CGI wins US$9.2 Million Task Order (GIB)
Thursday, September 23, 2010 - 8:33am | 93The U.S. Department of State, Bureau of Consular Affairs, has awarded Stanley Associates, Inc., a wholly-owned subsidiary of CGI Federal Inc. (NYSE: GIB), a US$9.2 million firm-fixed-price task order with a one-year base and four, one-year option periods on its 10-year multiple award, indefinite-...
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WPCS Engages Financial Advisor to Explore Options; Possible Sale
Wednesday, September 22, 2010 - 2:21pm | 72WPCS International Incorporated (Nasdaq: WPCS) has announced that the committee of the independent members of its board of directors has engaged a financial advisor to explore options for the company including a possible sale. The independent committee has retained the investment banking firm...
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DSIT Awarded Orders Totaling More than $6 Million (ACFN)
Wednesday, September 22, 2010 - 9:36am | 109DSIT Solutions Ltd., a subsidiary of Acorn Energy, Inc. (Nasdaq: ACFN), announced today that it has received orders from an Asian country for its underwater sonar systems. The combined value of the contracts is more than $6 million. Dan Ben-Dov, VP Sales & Marketing said, "This is the second...
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DB's Tech Conference Highlights
Wednesday, September 22, 2010 - 8:06am | 291Deutsche Bank writes “last week we hosted 10 companies within our Computer Services and IT Consulting sector at DB's Tech Conference. [We] summarize our key takeaways for each company in this week's Foxhunt. While some of the stocks in the coverage universe have priced in an improving end-demand...
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SAIC Awarded $11 Million Contract (SAI)
Tuesday, September 21, 2010 - 4:09pm | 90Science Applications International Corporation (NYSE: SAI) announced today it was awarded a new prime contract by Boral Composites Inc. to design and build a composite building material manufacturing facility. The contract is valued at more than $11 million, and the project is scheduled for...
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Dell Launches New SMB Solutions - Analyst Blog
Tuesday, September 21, 2010 - 1:33pm | 460Round Rock, Texas-based PC maker Dell Inc. (DELL) recently rolled out a series of new solutions targeted at small and medium sized businesses (SMBs). The solutions will help the SMBs to upgrade their information technology (IT) platform. Dell's newly launched products are PowerEdge servers,...
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IBM Bids for Netezza - Analyst Blog
Tuesday, September 21, 2010 - 9:09am | 1410A premier Information Technology (IT) services provider, International Business Machines Corp. (IBM) has agreed to acquire data warehouse company Netezza Corp. (NZ) in an all cash transaction of $1.70 billion or $27.00 per share. The price of $27.00 per share reflects a 9.8% premium on September...
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Zacks Bull and Bear of the Day Highlights: Avnet, Hudson City Bancorp, Fujifilm Holdings, International Business Machines and Infosys Technologies - Press Releases
Monday, September 20, 2010 - 7:49pm | 1986For Immediate Release Chicago, IL –September 20, 2010 – Zacks Equity Research highlights:Avnet (AVT) as the Bull of the Day and Hudson City Bancorp (HCBK) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Fujifilm Holdings Corporation (FUJIY, International Business...
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Acorn Energy Expands Equity Stake in US Sensor Systems
Monday, September 20, 2010 - 2:34pm | 88Acorn Energy, Inc. (Nasdaq: ACFN), today announced it has increased its equity ownership of US Sensor Systems Inc. (USSI) to 51%. The company also has options to increase its stake in USSI up to 84%. Leak, tampering and theft detection has become a multi-billion dollar opportunity around the world...