Cognizant Technology Solutions News

This week, I will run you through the most important buyback announcements for the week of May 7 till May 11, which turned out to be a reasonably active week in terms of buyback activity.

In a previous article related to Cognizant Technology Solutions posted on April 19, 2012, a protected covered call was considered for the company.

Information technology services provider Cognizant Technology Solutions fell over 12% in pre-market trading on Monday, May 7, after the company reported mixed first quarter performance.

New York: Oil major Exxon Mobil has toppled Wal-Mart to become the biggest American corporation in the Fortune magazine's list of top 500 US companies that also features as many as six entities led by Indian-origin individuals.

Mumbai, May 8 : The benchmark Index of the Bombay Stock Exchange today crashed by 366.53 points to settle at 16,546.18, a 15-week-low, after Cognizant Technology Solution, a global leader in business and technology services, revised its guidance downward due to a slower than anticipated acceleration in demand.

Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 10:50 a.m. in New York.

Information technology services provider Cognizant Technology Solutions Corp lowered its full-year forecast for the first time in nearly four years, citing weak demand from financial services clients in North America.

CTSH ) is up on high volume today, trading with volume of 8.6 million, or 1.5 times its average daily volume.

On Monday, Cognizant Technology Solutions Corporation Class A reported its first quarter earnings and discussed the following topics in its earnings conference call.

Carl Icahn controlled fund agreed to acquire CVR Energy in cash for $2.6 billion.

Shares of Cognizant fell 17.92% to $57.18. The information technology company reported first-quarter earnings Monday that met analysts' expectations but it lowered its full-year earnings guidance.

Ladies and gentlemen, welcome to the Cognizant Technology Solutions First Quarter 2012 Earnings Conference Call.

Cognizant Technology Solutions Corp. : Cognizant shares defended at Susquehanna.

CTSH ) opened at $61, gapping down from its previous close of $69.66. While trading at a volume of 9.6 million, the stock price has fallen 14.9%. The share price has dropped $18.04 from $77.29 on April 5, 2012.

Jobs Commodities Automobiles Insurance Real Estate Travel & Tourism Health & Pharma Lifestyle Media Power Telecom Infotech Retail Infrastructure Editor's Picks New Delhi: US-based software services firm Cognizant Technology Solutions today posted 17 per cent rise in net profit at USD 243.7 million for January-March, 2012.

Cognizant Technology Solutions Corp posted a better-than-expected quarterly profit, but the IT services provider lowered its full-year forecast on low demand.

Wall Street is optimistic about Cognizant Technology , which is slated to report its first quarter results on Monday, May 7, 2012.