CTSH posts
FeedPosted Nov 7th 2009 9:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Cisco Systems (CSCO), Starbucks (SBUX), Ford Motor (F), Toyota Motor Corp. (TM), MasterCard Inc'A' (MA), Activision Inc (ATVI), Polo Ralph Lauren'A' (RL)
Continue reading Earnings highlights: Cisco, Ford, Humana, MasterCard, Starbucks, Toyota ...
Posted Nov 4th 2009 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Berkshire Hathaway (BRK.A), Analyst initiations
Analyst upgrades:
- Oppenheimer upgraded Viacom (NYSE: VIA, VIA.B) to Outperform from Perform following the better-than-expected Q3 results to reflect an improving outlook for all the company's segments. The firm raised its target on shares to $36.
- Deutsche Bank upgraded C.R. Bard (NYSE: BCR) to Buy from Hold on expectations the company's underlying growth trends will improve. The firm raised its target on shares to $88 from $78.
- Wells Fargo upgraded Cognizant (NASDAQ: CTSH) to Outperform from Market Perform. The firm upgraded the stock after Cognizant reported better-than-expected Q3 results.
- Plug Power (NASDAQ: PLUG) was upgraded to Sector Perform from Underperform at RBC Capital.
- Digital River (NASDAQ: DRIV) was upgraded to Buy from Hold at Collins Stewart and to Overweight from Neutral at Piper Jaffray.
- Steris (NYSE: STE) was upgraded to Overweight from Equal Weight at Stephens.
Continue reading Analyst upgrades, downgrades and initiations: BKC, BDK, BNI, DEO, GAME, VIA, YUM ...
Posted Sep 14th 2009 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Microsoft (MSFT), Motorola (MOT), Alcoa Inc (AA), Analyst initiations, E*TRADE (ETFC)
Analyst upgrades:
- Kaufman Bros. upgraded Computer Sciences (NYSE: CSC) and Cognizant (NASDAQ: CTSH) to Buy from Hold on better demand trends as it believes overall enterprise IT spending is turning more positive. The firm raised its target on Computer Sciences to $62 from $54 and on Cognizant to $45 from $42.
- Citigroup upgraded E-Trade (NASDAQ: ETFC) to Buy from Hold as it believes loan less trends have improved and the company could potentially be acquired. Citi raised its target on shares to $2.30 from $1.50.
- Auriga upgraded Microsoft (NASDAQ: MSFT) to Buy from Hold as it believes consensus expectations for 2010 are too low, but admits the company's Q1 results could be fairly weak. Auriga believes Microsoft is coming up to its "most powerful product cycle in many years" and raised its price target on shares to $30 from $24.
- Motorola (NYSE: MOT) was upgraded to Buy from Neutral at UBS.
- Fidelity Southern (NASDAQ: LION) was upgraded to Neutral from Reduce at SunTrust.
- Sonoco Products (NYSE: SON) was upgraded to Buy from Neutral at BofA/Merrill.
Continue reading Analyst upgrades, downgrades and initiations: AA, ETFC, FIATY, MOT, MSFT, POT ...
Posted Jul 14th 2009 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Yahoo! (YHOO), Chevron Corp (CVX), Burger King Hldgs (BKC), Analyst initiations, Unilever ADR (UL)
Analyst upgrades:
- Jefferies upgraded VMware (NYSE: VMW) to Hold from Underperform on expectations June quarter revenue will be inline-to-slightly-better and negative revisions to September quarter revenue will not be as great as in the most recent two quarters. The firm raised its target on shares to $25 from $20.
- Citigroup upgraded Blue Nile (NASDAQ: NILE) to Buy from Hold on valuation following the recent pullback and believes expectations for Q2 are reasonable. The firm has a $50 price target on the stock.
- FBR Capital upgraded Bronco Drilling (NASDAQ: BRNC) to Market Perform from Underperform on valuation as it believes negative sentiment will ease. The firm raised its target on shares to $4 from $3.
- Unilever (NYSE: UL) was upgraded to Overweight from Neutral at JP Morgan.
- Posco (NYSE: PKX) was upgraded to Overweight from Equal Weight at Morgan Stanley.
- Gol Linhas Aereas (NYSE: GOL) was upgraded to Buy from Underperform at BofA/Merrill.
Continue reading Analyst upgrades, downgrades and initiations: THOO, VMW, VOD, BKC, CVX, HBAN ...
Posted Sep 19th 2008 11:08AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Analyst initiations
Analyst upgrades:
- Oppenheimer upgraded shares of Cree (NASDAQ: CREE) to Outperform from Perform as they believe LEDs are beginning to gain traction in general lighting applications.
- Jefferies upgraded Constellation Energy (NYSE: CEG) to Hold from Underperform following the acquisition by MidAmerican Energy. The company's target was increased to $25 from $20.
- RBC upgraded the Banking sector to Overweight from Underweight following the governments "massive assault" on the financial crisis. RBC believes government actions that include the potential creation of a Resolution Trust Corporation, the creation of federal insurance for money market fund investors and the ban on short selling will result in higher bank stock prices through year end; Wilmington Trust (NYSE: WL), KeyCorp (NYSE: KEY) and Pacific Capital Bancorp (NASDAQ: PCBC) were upgraded to Sector Perform from Underperform.
- Oracle (NASDAQ: ORCL) was raised to Buy from Neutral at Piper.
- UBS upgraded Murphy Oil (NYSE: MUR) to Neutral from Sell.
- Gap (NYSE: GPS) was upgraded to buy from Neutral at Goldman Sachs.
Analyst downgrades:
- Deutsche Bank downgraded shares of Thomson Reuters (NASDAQ: TRIN) to Sell from Buy as they believe uncertainty in the financial sector will hinder growth.
- Piper cut MIPS Technologies (NASDAQ: MIPS) to Neutral from Buy as they believe estimates are at risk following the departure of ChipIdea's co-founder. The company's target was lowered to $3.70 from $8.
- Jefferies downgraded GSI Commerce (NASDAQ: GSIC) to Hold from Buy on valuation as they view the risk/reward less compelling following the recent rally.
- Host Hotels (NYSE: HST) was downgraded at Baird to Neutral from Outperform.
- Wachovia downgraded Accenture (NYSE: ACN), Cognizant (NASDAQ: CTSH) and Infosys (NASDAQ: INFY) to Market Perform from Outperform.
Analyst initiations:
- Jefferies initiated Abercrombie & Fitch (NYSE: ANF) with an Underperform rating and $38 target and thinks the company's sales and margins are at risk with negative comp trends getting worse.
- Cantor believes Lawson Software (NASDAQ: LWSN) has a powerful franchise while the stock trades at a 33% discount to peers. Shares were assumed with a Buy rating and $8 target.
- Stanford started Mentor (NYSE: MNT) with a Buy rating and $32 target and thinks the company is poised to benefit from growing global demand for products and services that make people look younger and more attractive.
- Scripps Networks (NYSE: SNI) was initiated at UBS with a Neutral rating and $43 target.
- BMO Capital initiated Costco (NASDAQ: COST) and BJ's Wholesale (NYSE: BJ) with Market Perform ratings and a $72 target and $42 target, respectively.
- Isle of Capri (NASDAQ: ISLE) was initiated at Goldman with a Sell rating and $6 target.
Posted Feb 27th 2008 2:48PM by Larry Schutts (RSS feed)
Filed under: Earnings reports, Analyst upgrades and downgrades, Nokia Corp. (NOK), Advanced Micro Dev (AMD), Aetna Inc (AET), Technical Analysis, Stocks to Buy
Cognizant Technology Solutions (NASDAQ: CTSH) provides
information technology consulting and technology services in North America, Europe, and Asia. Specialties involve business process consulting, custom systems development, data warehousing, customer relationship management, enterprise resource planning system implementation, and software testing services. The firm serves companies in the financial services, healthcare, manufacturing, retailing, telecommunications, and information services markets. The client list includes such names as Advanced Micro Devices (NYSE: AMD), Aetna (NYSE: AET) and Nokia (NYSE: NOK).
The Street was surprised earlier in the month, when the company reported Q4 EPS of 34 cents and revenues of $600 million. Analysts had been looking for 31 cents and $594.4 million. Management also guided Q1 EPS to 32 cents (32 cent consensus), Q1 revenues to at least $640 million ($632.24M consensus), FY08 EPS to $1.50 ($1.47 consensus) and FY08 revenues to at least $2.95 billion ($2.87B consensus). Stifel Nicolaus subsequently reiterated its "buy" recommendation on the shares and declared a $43 price target
Continue reading Cognizant Technology Solutions (CTSH): Shares define bullish 'flag' pattern
Posted Jan 27th 2008 1:10PM by Trey Thoelcke (RSS feed)
Filed under: Google (GOOG), Adobe Systems (ADBE), Red Hat Inc (RHT), salesforce.com inc (CRM)
Last week Forbes released its annual list of the fastest growing tech stocks, and it shouldn't be much of a surprise that Google Inc. (NASDAQ: GOOG) topped the list, with nearly $15 billion in sales, representing five-year sales growth of 155%, and 30% EPS growth. To make the list, companies had to have significant sales growth over the past year and five years, as well as a good earnings forecast for the next three to five years. Companies with significant legal problems or corporate governance issues were excluded.
Rounding out the top five were Salesforce.com (NYSE: CRM), Ceradyne Inc. (NASDAQ: CRDN), Euronet Worldwide Inc. (NASDAQ: EEFT), and FalconStor Software Inc. (NASDAQ: FALC). Some other familiar names that made the list this year include Red Hat Inc. (NYSE: RHT), L-3 Communications (NYSE: LLL), Adobe Systems Inc. (NASDAQ: ADBE), and Cognizant Technology Solutions (NASDAQ: CTSH). Cognizant has been on Forbes list since its inauguration six years ago. For the full list, see the Forbes article.
Also of interest was the Forbes Fast 15, companies that didn't make the list mentioned above, but which Forbes thought were worth keeping an eye on for their potential. Engineering software maker Ansys Inc. (NASDAQ: ANSS), semiconductor maker Atheros Communications Inc. (NASDAQ: ATHR), Brubaker BioSciences Corp. (NASDAQ: BRKR), and scoreboard maker Daktronics Inc. (NASDAQ: DAKT) top that list. For the full list, see the Forbes article.
So if, like Aaron Katsman, Georges Yared, and Jim Cramer, you are bullish on tech stocks, then there's plenty on the Forbes lists worth taking a look at.
Posted Jan 10th 2008 11:47AM by Eric Buscemi (RSS feed)
Filed under: Analyst initiations
MOST NOTEWORTHY: Infosys Technologies, Cognizant and Ansys and were today's noteworthy initiations:
- Infosys Technologies (NASDAQ: INFY) was initiated with a Buy rating and $54 target at Kaufman, as their checks indicate no signs of a slowdown in the Indian software services market. They believe the stock is getting no premium for its defensive nature.
- Kaufman also initiated Cognizant (NASDAQ: CTSH) with a Hold rating and $35 target and believes the company's less defensive revenue mix could cause its P/E multiple to trend below rivals.
- Ansys (NASDAQ: ANSS) was initiated with a Hold rating and $39 target at Jefferies. The firm recommends waiting for a better entry point given the peak operating margins, a more challenging macro backdrop and tougher comps.
OTHER INITIATIONS:
- Wachovia initiated Invesco (NYSE: IVZ) with a Market Perform rating.
- Dynegy (NYSE: DYN) was assumed with a Buy rating and $9.50 target at Merrill.
- Navios Maritime (NYSE: NMM) was started with an Overweight rating at JP Morgan.
Posted Oct 19th 2007 10:55AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Office Depot (ODP), Staples Inc (SPLS), Analyst initiations
MOST NOTEWORTHY: Staples, Office Depot, GlobalSCAPE and CytRx were today's noteworthy initiations:
- Jefferies initiated shares of Staples Inc (NASDAQ: SPLS) with a Hold rating and $22-$24 target. The firm finds the current valuation fair given the increased risk of excess store growth in the industry, increased promotional activity and deceleration of employment growth.
- Jefferies expects shares of Office Depot Inc (NYSE: ODP) to trade sideways given the company's accelerating store growth, greater promotional activity and execution issues. The firm resumed coverage with a Hold rating and $22-$24 target.
- Soleil started shares of GlobalSCAPE Inc (AMEX: GSB) with a Buy rating and $12 target, as they believe the company has the opportunity to grow revenues around 35%-40% annually and is an attractive acquisition candidate for suitors who address the corporate networking infrastructure marketplace.
- Cytrx Corporation (NASDAQ: CYTR) was initiated with a Buy rating and $6 target at Oppenheimer, as they are optimistic regarding the market potential of arimoclomol in amyotrophic lateral sclerosis and sees several catalysts approaching over the next 12-18 months.
OTHER INITIATIONS:
Posted Oct 6th 2007 9:40AM by Trey Thoelcke (RSS feed)
Filed under: Products and services, Stocks to Buy
Its location among the mid Atlantic states has made New Jersey a transportation hub, a manufacturing and commerce center, and a source of plenty of investment opportunities. Twenty-four Fortune 500 companies are headquartered there. And four companies from New Jersey made Fortune's 2007 list of the fastest growing companies in the U.S.: Cognizant Technology Solutions (NASDAQ: CTSH), Celgene Corp. (NASDAQ: CELG), inVentiv Health Inc. (NASDAQ: VTIV), and Jackson Hewitt Tax Service Inc. (NYSE: JTX).
Cognizant has been on Fortune's list of fastest growing companies for the past five years. This Teaneck-based member of the S&P 500 is a global IT services firm with clients in the health care, financial services, and manufacturing industries. Cognizant's three-year annual revenue growth rate was 56 percent; its three-year annual earnings per share growth rate was 55 percent. The consensus of analysts surveyed by Thomson Financial is that Cognizant is a buy, and the company has beat Wall Street expectations for the past four quarters. The share price of $85.79 at close on Friday is up from the 52-week low of $67.60 in September. The price has risen since Cognizant announced a stock split and share repurchase program in September, and the Motley Fool has since dubbed Cognizant a hypergrowth stock.
Summit-based Celgene is a biopharmaceuticals firm involved in cancer treatment and stem cell research. Its three-year annual revenue growth rate was 48 percent; its three-year annual earnings per share growth rate was 33 percent. The consensus of analysts surveyed by Thomson Financial is that Celgene is a buy. The share price reached a 52-week high of $72.91 on Friday. The Motley Fool recognized Celgene for its sustainable competitive advantage over its rivals, and Jim Cramer also likes Celgene.
Continue reading Investing in New Jersey: Jackson Hewett (JTX), Cognizant (CTSH) and others
Posted Oct 4th 2007 11:15AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Apple Inc (AAPL), Dell (DELL), Motorola (MOT), International Business Machines (IBM), Nokia Corp. (NOK), Analyst initiations
MOST NOTEWORTHY: The technology and services sector, Cognizant, Infosys Technologies and Silicom Ltd were today's noteworthy initiations:
- Wachovia initiated shares of Dell (NASDAQ: DELL), Micron (NYSE: MU) and Nokia (NYSE: NOK) with Outperform ratings and IBM (NYSE: IBM), AMD (NYSE: AMD) and Motorola (NYSE: MOT) with Market Perform ratings.
- CIBC started shares of Cognizant (NASDAQ: CTSH) and Infosys (NASDAQ: INFY) with Sector Outperformer ratings and a $100 target and $60 target, respectively. The firm views risk/reward as favorable.
- Merriman initiated Silicom Ltd (NASDAQ: SILC) with a Neutral rating, citing valuation and low visibility into the quarter.
OTHER INITIATIONS:
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