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CTSH

Cognizant Technology Solutions Corporation

5/21/2013, 4:59 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Wednesday, May 15, 5:53 PM After-hours top gainers, as of 5:30 p.m.: CSCO +8.5%. TSLA +5.1%. LMCA +4.9%. ABX +3.7%. GOLD +3.7%.
After-hours top losers: NQ -8.3%. CASH -4.9%. ACXM -3.9%. MBTF -3.3%. CTSH -3.2%. Comment! [On the Move]
Wednesday, May 8, 10:04 AM A Q1 beat and strong guidance give a lift to Cognizant (CTSH +4.2%). The IT outsourcing firm expects Q2 revenue of at least $2.13B and EPS of $1.06, above a consensus of $2.11B and $0.97. 2013 guidance is for revenue of at least $8.6B and EPS of $4.31, compared with a consensus of $8.63B and $4. Cognizant is also adding $500M to its buyback plan, increasing its available funds to $560M. Cognizant, which employs 150K+ people, lowered headcount by 6K in Q1. That helped op. margin come in at 19.9%, near the high end of a guidance range of 19%-20%. Shares had fallen in April thanks to soft guidance from rivals Infosys and Wipro. Comment! [Tech, Earnings, On the Move]
Wednesday, May 8, 9:17 AM Premarket gainers: ALXA +51%. PSE +19%. LEDR +16%. NBG +11%. WFM +8%. EA +6%. PRTS +6%. SFUN +6%. CTSH +5%.
Losers: FIO -22%. VCLK -19%. OCLR -19%. AXLL -9%. CIE -7%. CHRW -7%. SODA -6%. DDD -6%. SYMC -5%. Z -5%. VVUS -5%. Comment! [On the Move]
Wednesday, May 8, 6:02 AM Cognizant Tech (CTSH): Q1 EPS of $1.02 beats by $0.08. Revenue of $2.02B (+18.1% Y/Y) beats by $0.01B. (PR) Comment! [Earnings, Breaking News, Tech]
Wednesday, May 8, 12:05 AM Notable earnings before Wednesday’s open: AOL, ARQL, CTSH, CWH, DTEGY.PK, ENB, EZCH, FSYS, FUN, KRO, LMCA, LSE, MPEL, NAVB, NICE, POZN, SODA, STWD, THI, TTI, VVUS, WEN, WMC Comment! [Earnings]
Tuesday, May 7, 5:30 PM Notable earnings before Wednesday’s open: AOL, ARQL, CTSH, CWH, DTEGY.PK, ENB, EZCH, FSYS, FUN, KRO, LMCA, LSE, MPEL, NAVB, NICE, POZN, SODA, STWD, THI, TTI, VVUS, WEN, WMC Comment! [Earnings]
Monday, April 15, 7:54 AM Cognizant Technology (CTSH) is initiated a Buy with price target of $96 at Evercore, the sell-siders no doubt seeing opportunity after Friday's big selloff in tech outsourcing names amid the Infosys warning. Comment! [Tech]
Friday, April 12, 8:12 AM Tech outsourcing stocks are on watch after a stark revenue warning from Infosys rattles the sector. Cognizant Technology Solutions (CTSH) is down 4.8% premarket, while iGATE (IGTE) and Syntel (SYNT) haven't opened up yet for trading. Comment! [Tech, On the Move]
Thursday, February 7, 6:02 AM Cognizant Technology (CTSH): Q4 EPS of $0.99 beats by $0.08. Revenue of $1.95B (+17.1% Y/Y) beats by $0.B. (PR) Comment! [Earnings, Breaking News, Tech]
Thursday, February 7, 12:05 AM Notable earnings before Thursday’s open: AAP, ALU, BG, CCE, CI, CS, CTSH, EXC, FLIR, FLO, GPK, HLSS, HOT, INGR, KKR, MFC, MPW, MWW, NBL, NNN, NYT, ONNN, OZM, PM, PMT, PTEN, S, SBH, SIAL, SNE, SNI, SPH, SQNS, TDC, TEVA, XYL Comment! [Earnings]
Wednesday, February 6, 5:30 PM Notable earnings before Thursday’s open: AAP, ALU, BG, CCE, CI, CS, CTSH, EXC, FLIR, FLO, GPK, HLSS, HOT, INGR, KKR, MFC, MPW, MWW, NBL, NNN, NYT, ONNN, OZM, PM, PMT, PTEN, S, SBH, SIAL, SNE, SNI, SPH, SQNS, TDC, TEVA, XYL 1 Comment [Earnings]
Friday, January 11, 9:38 AM Low expectations are doing wonders for Infosys (INFY +18.4%), which has taken off following its FQ3 beat. With full-year figures aided by the beat, the company is now guiding for FY13 (ends March 31) revenue of at least $7.45B and EPS of at least $2.97, above a consensus of $7.32B and $2.95. 8 major outsourcing deals with a combined value of $731M were signed, and cloud engagements (previous) rose by 20 Q/Q to 190. Gross margin, hurt by rising wages, fell 100 bps Q/Q and 600 bps Y/Y to 37%. WIT +6.6%. CTSH +4.2%. ACN +1%. (PR) Comment! [Tech, On the Move, Earnings]
Monday, December 17, 2012, 5:48 PM Infosys (INFY -0.5%) and Wipro (WIT -0.3%) failed to join today's tech rally following a Reuters column speculating Infosys may slash its FY13 revenue guidance next month. The recent downbeat comments of company execs are noted, as is a Dec. 6 UBS note arguing Infosys' guidance is threatened by deal delays, large project cutbacks, and Hurricane Sandy-related shutdowns. The column also notes "industry insiders" claim Infosys is "becoming more flexible on its premium pricing." Comment! [Tech, Earnings, Quick Ideas]
Wednesday, December 5, 2012, 12:37 PM Cognizant (CTSH +4.4%) is rallying after disclosing in an 8-K its top execs will be receiving restricted stock grants tied to "the achievement of certain performance milestones." Oppenheimer sees the disclosure as a sign the IT outsourcing firm will see additional share gains in 2013. Cognizant shares rallied strongly in August and September, but have been range-bound since then. Comment! [Tech, On the Move, Quick Ideas]
Tuesday, December 4, 2012, 5:54 PM After-hours top gainers, as of 5:15 p.m.: AVAV +10%. AMRS +7%. STMP +5%. ESL +4%. CTSH +4%.
After-hours top losers: MFRM -22%. MIND -21%. P -18%. TIBX -13%. OXM -12%. Comment! [On the Move]
Wednesday, November 7, 2012, 6:15 AM Cognizant Technology Solutions (CTSH): Q3 EPS of $0.97 beats by $0.10. Revenue of $1.89B (+18.2% Y/Y) in-line. (PR) Comment! [Earnings, Tech]