IT Services Stocks on Investors' Radar -- Xerox, International Business Machines, Sabre, and ServiceNow
NEW YORK, April 28, 2017 /PRNewswire/ --
Pre-market, Stock-Callers.com scans Xerox Corp. (NYSE: XRX), International Business Machines Corp. (NYSE: IBM), Sabre Corp. (NASDAQ: SABR), and ServiceNow Inc. (NYSE: NOW). Companies in the Information Technology Services space provide services such as software support, computer systems design, and data processing facilities management. Learn more about these stocks by downloading their comprehensive and free reports at:
http://stock-callers.com/registration
Xerox
On Thursday, shares in Norwalk, Connecticut headquartered Xerox Corp. rose 0.28%, ending the day at $7.12. The stock recorded a trading volume of 7.04 million shares. The Company's shares have advanced 3.18% over the previous three months and 24.90% since the start of this year. The stock is trading above its 200-day moving average by 8.13%. Moreover, shares of Xerox, which provides document management solutions worldwide, have a Relative Strength Index (RSI) of 50.16.
On April 25th, 2017, Xerox announced its Q1 2017 financial results. The Company delivered Q1 2017 GAAP earnings per share (EPS) from continuing operations of 2 cents. Adjusted EPS was 15 cents. Revenues were $2.45 billion in the quarter; adjusted operating margin, excluding the impact of the Fuji Xerox charge, was 11.4%; and operating cash flow was $190 million. XRX complete research report is just a click away and free at:
http://stock-callers.com/registration/?symbol=XRX
International Business Machines
Shares in Armonk, New York headquartered International Business Machines Corp. ("IBM") ended the day 0.16% higher at $160.32. A total volume of 4.12 million shares was traded, which was above their three months average volume of 3.88 million shares. The stock is trading below its 200-day moving average by 1.88%. Furthermore, shares of IBM, which provides information technology products and services worldwide, have an RSI of 20.23.
On April 19th, 2017, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with a decrease of the target price from $185 a share to $180 a share.
On April 26th, 2017, IBM announced the opening of four new IBM Cloud data centers in the US to support growing enterprise demand for cloud infrastructure that can provide access to services like IoT, blockchain, quantum computing, and cognitive. The opening of two new facilities in Dallas, Texas, and two new facilities in Washington, D.C., is a key part of the Company's investment to expand its global cloud footprint in 2017. The complimentary report on IBM can be downloaded at:
http://stock-callers.com/registration/?symbol=IBM
Sabre
At the close of trading on Thursday, shares in Southlake, Texas headquartered Sabre Corp. finished 0.60% higher at $23.42 with a total trading volume of 4.10 million shares. The stock has advanced 10.58% in the last one month. The Company's shares are trading above their 50-day moving average by 8.19%. Additionally, shares of Sabre, which through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide, have an RSI of 74.27.
On April 06th, 2017, research firm Morgan Stanley downgraded the Company's stock rating from 'Overweight' to 'Equal-Weight'.
On April 18th, 2017, Sabre announced that it will host a live webcast of its Q1 2017 earnings conference call on May 02nd, 2017 at 9:00 a.m. ET. Management will discuss the financial results, as well as comment on the forward outlook. The webcast is expected to last approximately one hour, and will be accessible under the Investor Relations section of the Company's website. Sign up for your complimentary research report on SABR at:
http://stock-callers.com/registration/?symbol=SABR
ServiceNow
Santa Clara, California headquartered ServiceNow Inc.'s shares recorded a trading volume of 4.69 million shares at the end of yesterday's session, which was higher than their three months average volume of 1.39 million shares. The stock closed the day 3.75% higher at $94.33. The Company's shares have advanced 9.69% in the past month, 5.42% in the previous three months, and 26.89% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 7.32% and 15.83%, respectively. Additionally, shares of ServiceNow, which provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide, have an RSI of 77.45.
On April 26th, 2017, ServiceNow announced the financial results for its Q1 2017. Q1 2017 GAAP results included total revenues of $416.8 million, total gross profit of $300.3 million, loss from operations of $42.5 million, net loss of $40.7 million, and net cash provided by operating activities of $187.4 million.
On April 27th, 2017, research firm RBC Capital Markets reiterated its 'Top Pick' rating on the Company's stock with an increase of the target price from $108 a share to $110 a share. Get free access to your research report on NOW at:
http://stock-callers.com/registration/?symbol=NOW
--
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +44-330-808-3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article