IT Services Stocks Under Scanner -- Computer Sciences, 21Vianet, CSRA, and IMS Health
NEW YORK, August 23, 2016 /PRNewswire/ --
The Information Technology Services space includes companies that provide software support services, computer systems design, and data processing facilities management. Key challenges that have been impacting the industry are macroeconomic conditions, increasing use of automation, and digital disruption. Stock-Callers.com takes a look at these equities and see where they stand in the market today: Computer Sciences Corp. (NYSE: CSC), 21Vianet Group Inc. (NASDAQ: VNET), CSRA Inc. (NYSE: CSRA), and IMS Health Holdings Inc. (NYSE: IMS). You can access of our complimentary research reports on these stocks now at:
http://stock-callers.com/registration
Computer Sciences
At the close on Monday, shares in Tysons, Virginia headquartered Computer Sciences Corp. rose 1.61%, ending the day at $46.78. The stock recorded a trading volume of 1.29 million shares. The Company's shares have surged 34.01% in the previous three months and 44.12% since the start of this year. The stock is trading above its 200-day moving average by 31.50%. Moreover, shares of Computer Sciences, which together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia, have a Relative Strength Index (RSI) of 41.88.
On August 17th, 2016, CSC announced that nbAccelerator,® its new business and automated underwriting system, has been named the winner of an XCelent Customer Base award in Celent's recently published North American New Business and Underwriting Systems 2016, Life, Annuity, and Health ABCD Vendor View. Visit us today and download your complete report on CSC for free at:
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21Vianet Group
Shares in Beijing, the People's Republic of China headquartered 21Vianet Group Inc. ended the day 4.56% lower at $8.59. A total volume of 3.01 million shares was traded. The stock is trading below its 50-day moving average by 15.44%. Furthermore, shares of 21Vianet Group, which provides carrier-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China, have an RSI of 32.69.
On August 16th, 2016, 21 Vianet Group announced that net revenues for Q2 2016 increased by 5.1% to RMB910.8 million (US$137.1 million) from RMB866.8 million in the comparative period in 2015, primarily driven by a year-over-year increase in IDC, Cloud and VPN revenues, and partially offset by the decline in MNS revenues. The company's net loss for Q2 2016 was RMB123.8 million (US$18.6 million) compared to a net loss of RMB141.8 million in the comparative period in 2015.
On August 17th, 2016, research firm JP Morgan downgraded the Company's stock rating from 'Neutral' to 'Underweight'. The research firm also revised downwards its previous target price from $21 to $5.60. The complimentary research report on VNET can be accessed at:
http://stock-callers.com/registration/?symbol=VNET
CSRA Inc.
On Monday, shares in Falls Church, Virginia headquartered CSRA Inc. finished 0.31% lower at $25.42 with a total volume of 804,966 shares traded. The stock has advanced 2.64% over the previous three months. The Company's shares are trading above their 50-day moving average by 2.51%. Additionally, shares of CSRA Inc., which delivers a range of IT solutions and professional services to help its U.S. government customers modernize their legacy systems, protect their networks and assets, and improve the mission-critical functions for warfighters and citizens, have an RSI of 47.27.
On August 10th, 2016, CSRA reported that GAAP revenue for Q1 FY17 was $1.25 billion, up 31% compared to Q1 FY16 as a result of the merger with SRA International, Inc. The company's GAAP net income was $68 million, or $0.39 per share, which includes $16 million of amortization of SRA contract backlog and $13 million of other pre-tax merger and integration costs. Register for free on Stock-Callers.com and download the PDF research report on CSRA at:
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IMS Health Holdings
Danbury, Connecticut headquartered IMS Health Holdings Inc.'s shares recorded a trading volume of 550,042 shares at the end of yesterday's session and closed the day at $29.60, gaining 2.17%. The stock has advanced 3.39% in the last one month, 17.13% in the previous three months, and 16.22% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 7.52% and 13.06%, respectively. Additionally, shares of IMS Health Holdings, which provides information and technology services to healthcare industry worldwide, have an RSI at 61.03.
On July 27th, 2016, the company reported that revenue for Q2 $802 million increased 8.1% on a reported basis and 8.4% on a constant currency basis, compared to Q2 2015. Q2 2016 net income was $24 million compared to $47 million in last year's second Q2, with the decline principally attributable to higher restructuring charges in 2016. Get free access to your research report on IMS at:
http://stock-callers.com/registration/?symbol=IMS
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