At the close on Thursday, shares in Redmond, Washington headquartered Microsoft Corp. saw a slight drop of 0.49%, ending the day at $57.25. The stock recorded a trading volume of 48.34 million shares, which was above its three months average volume of 24.31 million shares. The Company's shares have advanced 1.83% in the previous three months and 5.31% on an YTD basis. The stock is trading above its 200-day moving average by 7.21%. Moreover, shares of Microsoft, which develops, licenses, and supports software products, services, and devices worldwide, have a Relative Strength Index (RSI) of 47.33.
On October 18th, 2016, Microsoft announced an expanded partnership with SAP to provide public cloud services for the SAP® SuccessFactors® HCM Suite. SAP will make its cloud-based human capital management solutions available on Microsoft Azure over the next five years. This is SAP's first move to supplement its own infrastructure and operate SAP SuccessFactors solutions in a third-party public cloud, recognizing the experience both companies have in supporting global enterprise clients. Visit us today and download your complete report on MSFT for free at:
Cognizant Technology Solutions
On Thursday, shares in Teaneck, New Jersey headquartered Cognizant Technology Solutions Corp. finished 0.62% lower at $50.08. A total volume of 5.68 million shares was traded, which was above their three months average volume of 5.19 million shares. The stock is trading below its 50-day moving average by 8.24%. Additionally, shares of Cognizant Technology Solutions, which provides information technology, consulting, and business process services worldwide, have an RSI of 38.96.
On September 30th, 2016, research firm HSBC Securities initiated a 'Buy' rating on the Company's stock.
On October 11th, 2016, Cognizant announced that it has helped Standard Life, with its 4.5 million customers, implement next-generation IT infrastructure to support business expansion in its Investments and Pensions, and Savings businesses. The complimentary research report on CTSH can be accessed at:
Shares in New York headquartered CA Inc. ended the day 0.28% lower at $32.07. A total volume of 3.25 million shares was traded, which was above their three months average volume of 2.26 million shares. Since the start of this year, the stock has gained 15.11%. The Company's shares are trading above their 200-day moving average by 3.24%. Furthermore, shares of CA Inc., which provides IT management software and solutions that help organizations plan, develop, manage, and secure applications and IT infrastructure in the US and internationally, have an RSI of 36.17.
On October 18th, 2016, CA Technologies announced that FCA Italy, a company of the Fiat Chrysler Automobiles (FCA) Group, has implemented CA Project & Portfolio Management SaaS (CA PPM SaaS) to plan and control its IT spending, and increase its agility and responsiveness to the changing IT needs of the company. Register for free on Stock-Callers.com and download the PDF research report on CA at:
Fort Lauderdale, Florida headquartered Citrix Systems Inc.'s shares recorded a trading volume of 3.95 million shares at the end of yesterday's session, which was above their three months average volume of 1.30 million shares. The stock closed the day at $86.34, gaining 0.05%. The Company's shares have advanced 2.17% in the last one month and 14.13% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.89% and 7.64%, respectively. Additionally, shares of Citrix Systems, which develops and sells products and services that enable delivery of applications and data over public, private, or hybrid clouds or networks to various types of devices, have an RSI at 57.96.
On October 03rd, 2016, research firm UBS downgraded the Company's stock rating from 'Neutral' to 'Sell', issuing a target price of $81 per share.
On October 19th, 2016, Citrix achieved revenue of $841 million for Q3 2016 compared to $813 million in Q3 2015, representing 3% revenue growth. Net income for Q3 2016 was $132 million, or $0.84 per diluted share, compared to $56 million, or $0.35 per diluted share, for Q3 2015. Get free access to your research report on CTXS at:
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