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Tag: CNDT

  • Top Stocks to Watch U.S Vote Counting Enters Critical Phase

    Top Stocks to Watch U.S Vote Counting Enters Critical Phase

    The markets are down this morning and look set to close the week in the red. This follows the continued uncertainty in the U.S election. The situation has been complicated by the fact that the president has discredited the vote, setting the stage for a prolonged electioneering period.

    However, there is a possibility that the markets could turn positive in the day, driven by the direction that the votes are taking. So far, the election seems to be leaning towards a Biden win with the results indicating that he could be headed for a win in Georgia, a key battleground state.

    As it gets clearer on the direction that the vote could go, the markets could rally in adjustment to the same. A win for Biden would possibly mean a much bigger stimulus package to bail out an economy that has been badly hit by the COVID-19 pandemic. Besides the elections, analysts have underpinned the Fed as the key factor to the markets going into 2021.

    The Fed has indicated that it would do everything possible to support the economy. Under the prevailing conditions, there are stocks that are doing pretty well and are likely to outperform the market in the day. Some of the stocks making big moves pre-market and could gain through the day are as below:

    Aurora Cannabis Inc [NYSE:ACB]

    Aurora Cannabis is one of the top performers this morning and looks set to extend yesterday’s gains. This follows expectations of more U.S states legalizing weed.  Earlier in the week, voters in several states including Montana, Arizona, Mississippi, and Arizona voted to have more favorable laws towards marijuana. This means that the market for marijuana companies will only get bigger going into the future, and the price action is moving to reflect the same.

    GoPro Inc [NASDAQ: GPRO]

    GoPro Inc is another top performer this morning and is up by over 19%. This comes after the company released better than expected Q3 results.

    The company’s quarterly earnings came in at $0.20 per share, much higher than the analyst consensus estimates of $0.06.  Revenues also increased to $280.51 million, compared to the $131.17 million that it reported in Q3 of 2019. These results could see this stock gain all through the day.

    Conduent Incorporated [NASDAQ: CNDT]

    Conduent Incorporated is up by over 10% pre-market. This follows the company’s release of strong Q3 results and the announcement of new business deals. The company reported that in the quarter, its total contract signings totaled to $468 million, an increase of 100% compared to the previous year.

  • Top 15 Information Technology Stocks You Should Be Holding

    Top 15 Information Technology Stocks You Should Be Holding

    The demand for IT services is continuously increasing and is driven by rapid technological changes. Companies that are operating in the Information Technology Services industry, offer services such as software support, data processing facilities management, and computer systems design. The demand for IT technologies is also increasing with the passage of time.

    Various technologies such as machine learning, the Internet of things (IoT), Artificial Intelligence, cloud computing, robotics automation, and 5G technologies are playing very important roles in the growth of the IT sector. The IT industry is a major contributor to the digital economy. This industry is undergoing a boom like never before, and more and more brands are looking to expand in this area because of the immense amount of potential.

    Here are  the leading companies in the information technology services sector that are following new trends:

    CynergisTek Inc. (AMEX: CTEK)

    CynergisTek Inc. (AMEX: CTEK) shares were trading up 41.44% at $1.57 at the time of writing on Wednesday. CynergisTek Inc. (AMEX: CTEK) share price went from a low point around $0.96 to briefly over $4.04 in the past 52 weeks, though shares have since pulled back to $1.57. CTEK market cap has remained high, hitting $15.84M at the time of writing, giving it a price-to-sales ratio of more than 0.

    CynergisTek Inc. (AMEX: CTEK) has earlier revealed the new annual report ‘Moving Forward: Setting the direction’. The report disclosed that only 44 percent of providers across the continuum, including hospital and health systems, conformed to protocols highlighted by the National Institute of Standards and Technology’s Cybersecurity Framework (NIST CSF). If we look at the recent analyst rating CTEK, The Benchmark Company downgraded coverage on CTEK shares with a Hold rating.

    Infosys Limited (NYSE: INFY)

    Infosys Limited (NYSE: INFY) last closed at $13.81, in a 52-week range of $6.76 to $13.85. Analysts have a consensus price target of $12.88. Infosys Limited has earlier disclosed that it has bought GuideVision. This acquisition is an important milestone for companies to build capabilities relevant to the digital priorities of their clients. EdgeVerve Systems, a wholly-owned subsidiary of Infosys, also has recently signed a partnership with Minit. This company market capitalization has remained high, hitting $57.23 billion at the time of writing.

    Ameri Holdings Inc. (NASDAQ: AMRH)

    Ameri Holdings Inc. (NASDAQ: AMRH) rose 22.12% after gaining more than $0.25 on Wednesday. Ameri Holdings Inc. (AMRH) disclosed that it has filed a second amendment to the Registration Statement on Form S-4 with the Securities and Exchange Commission, which includes a preliminary proxy statement/prospectus, in connection with the Company’s proposed tender agreement with Jay Pharma. This company market capitalization has remained high, hitting $7.74 million at the time of writing.

    Cognizant Technology Solutions Corporation (NASDAQ: CTSH)

    Cognizant Technology Solutions Corporation (NASDAQ: CTSH) last closed at $69.42, in a 52-week range of $40.01 to $71.81. Analysts have a consensus price target of $69.42. Cognizant Technology Solutions Corporation (CTSH) has been recognized as a Leader in analyst firm Everest Group’s Medical Devices Digital Services PEAK Matrix® Assessment 2020. This company market capitalization has remained high, hitting $36.99 billion at the time of writing.

    DXC Technology Company (NYSE: DXC)

    DXC Technology Company (NYSE: DXC) stock soar by 0.85% to $17.85. The most recent rating by JP Morgan, on May 29, 2020, is at a Neutral. DXC Technology Company (DXC) revealed earlier that it has executed the sale of its U.S. State and Local Health and Human Services business to Veritas Capital, a leading investor in government and healthcare technology businesses, to form Gainwell Technologies.

    International Business Machines Corporation (NYSE: IBM)

    International Business Machines Corporation (NYSE: IBM) rose 0.60% after gaining more than $0.73 on Wednesday. International Business Machines Corporation (IBM) has earlier revealed that it has released a new version of its Financial Transaction Manager (FTM) solution, updated and containerized to run on Red Hat OpenShift and designed to help banks and financial institutions take advantage of the flexibility of the hybrid cloud.

    Clarivate Plc (NYSE: CCC)

    Clarivate Plc (NYSE: CCC) last closed at $30.99, in a 52-week range of $15.00 to $30.39. Analysts have a consensus price target of $31.40.  Clarivate Plc (CCC) has announced it has executed the earlier announced deal to acquire CPA global. After the acquisition of CPA Global, the company will offer a combined global customer base a more comprehensive suite of IP related products and services.

    Xerox Holdings Corporation (NYSE: XRX)

    Xerox Holdings Corporation (NYSE: XRX) stock soar by 1.68% to $18.77. The most recent rating by JP Morgan, on July 24, 2020, is at an Underweight. Xerox Holdings Corporation (XRX) disclosed its Chief Financial Officer William Osbourn will leave the company for personal reasons, effective September 30. Xavier Heiss, a 32-year company veteran, will work as interim CFO while the company conducts a search, both internally and externally, for a permanent successor.

    Accenture plc (NYSE: ACN)

    Accenture plc (NYSE: ACN) shares headed rising, higher as much as 0.85%. The most recent rating by UBS, on September 23, 2020, is at a Neutral. The 14th annual Accenture Holiday Shopping Survey (ACN) has revealed that the COVID-19 pandemic is making consumers focus on their own health and safety and the well-being of retail employees. In the past 52-weeks of trading, this company’s stock has fluctuated between the low of $137.15 and a high of 247.82.

    Wipro Limited (NYSE: WIT)

    Wipro Limited (NYSE: WIT) rose 1.29% after gaining more than $0.06 on Wednesday. Wipro Limited (WIT) has earlier organized the 15th edition of the ‘Spirit of Wipro’ (SOW) Run globally with thousands of participants across 35 countries, running separately, yet together in spirit, at a time of their choosing. This company has a total market capitalization of $23.43 billion at the time of writing.

    Fidelity National Information Services Inc. (NYSE: FIS)

    Fidelity National Information Services Inc. (NYSE: FIS) shares headed falling, lower as much as -1.07%. The most recent rating by Loop Capital, on September 22, 2020, is at a Hold. Fidelity National Information Services Inc. (FIS) has earlier partnered with The Clearing House to Bring Real-Time Payments to U.S. Financial Institutions. Looking at its profitability, it has a return on assets, equity, and investment of $0.00%, 0.10%, and 1.20%.

    Conduent Incorporated (NASDAQ: CNDT)

    Conduent Incorporated (NASDAQ: CNDT) last closed at $3.18, in a 52-week range of $1.54 to $7.97. Analysts have a consensus price target of $5.25. The Los Angeles Department of Transportation (LADOT) has been named the 2020 Innovative Organization of the Year by the National Parking Association for its work with Conduent Transportation, a unit of business process services and solutions company Conduent Incorporated. The award honors best practices, innovation, and leadership within the parking industry.

    Switch Inc. (NYSE: SWCH)

    Switch Inc. (NYSE: SWCH) stock drop by -2.50% to $15.61. The most recent rating by Barclays, on July 15, 2020, is at an Overweight. Switch Inc. (SWCH) the global technology infrastructure corporation, earlier announced the appointment of Angela Archon to its Board of Directors, effective November 4, 2020.

    Sabre Corporation (NASDAQ: SABR)

    Sabre Corporation (NASDAQ: SABR) stock soar by 0.15% to $6.51. The most recent rating by Bernstein, on May 11, 2020, is at an Outperform. Sabre Corporation (SABR) stock has fluctuated between the low of $3.30 and a high of $23.86. It has moved up 97.42% from its 52-weeks low and moved down -72.69% from its 52-weeks high. This company market capitalization has remained high, hitting $1.93 billion at the time of writing.

    Fiserv Inc. (NASDAQ: FISV)

    Fiserv Inc. (NASDAQ: FISV) Shares headed falling, lower as much as -0.52%. The most recent rating by Loop Capital, on September 22, 2020, is at a Hold. Fiserv Inc. (FISV) share price went from a low point around $73.50 to briefly over $125.05 in the past 52 weeks, though shares have since pulled back to $104.66. FISV market cap has remained high, hitting $66.41 billion at the time of writing. If we look at its liquidity, it has a current ratio of 1.00.

     

  • Top 3 Stocks Closing the Week on a High Note Despite Sluggish Market Sentiment

    Top 3 Stocks Closing the Week on a High Note Despite Sluggish Market Sentiment

    It’s a mixed day in the markets this afternoon, and the key indices are in negative territory.  The NASDAQ is down by 104 points, while the Dow and the S&P 500 are also showing signs of weakness. The current environment is attributable to a number of factors.

    First is the news that the number of job cuts in the U.S rose by 54% in July.  This is an indicator of a weak economy, due to the coronavirus pandemic. Then there is the ongoing back and forth between democrats and republicans over an economic bailout. On the other hand, there is the fact that the markets have overall been surging for months now despite the pandemic. This has created fears of overvaluation in the market. It is in this environment that stocks that are recording strong quarterly news have gained. Such stocks are a reflection of companies that are resilient enough to make money despite the pandemic. Some of the top performers this afternoon are as below:

    OpGen Inc [NASDAQ:OPGN]

    OpGen is a top performer this afternoon and is up by over 60%. This follows the company’s update of its financial results for Q2 of 2020. The company recently announced that it would be releasing its Q2 results on the 12th of August.

    The excitement follows a number of developments that the company had made in July.  At the time, the company announced that it had entered into co-promotion deal with Menarini Sillicon Biosystems for the sale of the Meharini Cell search system and other COVID-19 related products.

    The company also stated that it had gained access to an extra 5 million Euros in debt for research on COVID-19. It further announced that as of June 30th, 2020, its cash reserves stood at $12.8 million, slightly higher than the $11.5 million that it had reported a quarter earlier. With such developments in the quarter, the market will be expecting strong revenues and earnings from this company.

    Hutting Building Products Inc [NASDAQ: HBP]

    This is a top perfumer this afternoon and is up by 55%. This follows news that the company had received a buyout proposal from Mill Road Capital at $2.75 per share.     Mills is already the largest shareholder in Hutting Building and wants to acquire 100% of it at a 67% premium. The deal has seen the stock rally to reflect the value that the potential buyer is offering.

    Conduent Incorporated [NASDAQ: CNDT]

    Conduent Incorporated is another top performer this afternoon and is up by 73%. This comes after the company reported stronger than expected Q2 results. The company announced that its total contract value for the quarter rose by 92% compared to the previous quarter to hit $623 million. The company partly attributed its strong performance to its government-related business.