NEW YORK, November 29, 2016 /PRNewswire/ --
Stock-Callers.com is currently looking at four equities in the Information Technology Services industry, namely: Atlassian Corp. PLC (NASDAQ: TEAM), Unisys Corp. (NYSE: UIS), Wipro Ltd (NYSE: WIT), and Syntel Inc. (NASDAQ: SYNT). These companies belong to the Technology sector which is one of the best-performing groups of 2016. According to research firm Charles Schwab, sales of Internet software and services in the U.S., which dominates the global Technology sector, rose 17.5% in the last quarter from a year ago - well ahead of the 2% increase in general retail sales reported by the Census Bureau. Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
London, the UK-based Atlassian Corp. PLC's stock finished Monday's session at $27.22 which was a slight decline of 0.73% from its previous close of $27.42. A total volume of 549,814 shares was traded. The Company's shares are trading above their 200-day moving average by 3.68%. Moreover, shares of Atlassian, which through its subsidiaries, designs, develops, licenses, and maintains software; and provides software hosting services worldwide, have a Relative Strength Index (RSI) of 39.84.
On October 27th, 2016, Atlassian reported total revenue of $136.8 million for Q1 FY17, up 34% from $101.8 million in Q1 FY16. The company's operating loss was $5.1 million for Q1 FY17 compared to operating income of $7.1 million for Q1 FY16. Atlassian's net loss was $2.6 million for Q1 FY17 compared to net income of $5.1 million for Q1 FY16.
On November 15th, 2016, research firm Pacific Crest initiated a 'Sector Weight' rating on the Company's stock. Visit us today and access our complete research report on TEAM at:
Shares in Blue Bell, Pennsylvania-based Unisys Corp. ended yesterday's session 1.00% lower at $14.85. A total volume of 912,248 shares was traded, which was above their three months average volume of 749,210 shares. The stock has surged 42.79% in the past month, 45.59% in the previous three months, and 34.39% on an YTD basis. Shares of the Company, which provides information technology services worldwide, are trading 38.79% above their 50-day moving average and 62.68% above their 200-day moving average. Moreover, Unisys' stock has an RSI of 78.91.
On October 25th, 2016, Unisys reported revenue of $683 million for Q3 2016, a decline of 7.6% on a y-o-y basis, or 5.9% on a constant-currency basis. The company's operating cash flow increased by $87 million versus Q3 2015 to $43 million. The company generated free cash flow of $6 million for Q3 2016, an improvement of $106 million on a y-o-y basis. The complimentary report on UIS can be downloaded at:
On Monday, Bengaluru, India headquartered Wipro Ltd's stock dropped 1.03%, to close the day at $9.60. A total volume of 605,056 shares was traded. The Company's shares have advanced 1.59% in the last one month. The stock is trading 0.41% below its 50-day moving average. Additionally, shares of Wipro, which operates as an information technology, consulting, and business process services company worldwide, have an RSI of 54.06.
On November 15th, 2016, Wipro and ASG Technologies, a global provider of information access, management and control solutions, announced an expanded partnership that integrates the offerings of Wipro's Data Management Centre of Excellence with ASG's Enterprise Data Intelligence solution to improve compliance for the global financial services companies. ASG's Enterprise Data Intelligence solution addresses compliance by providing an end-to-end view of an organization's information estate to improve data visibility, analysis and understanding. Wipro's service offering ensures that data is reported in a reliable and consistent manner across the business. As a result, global businesses in the financial services sector can respond to compliance requests in a timely manner and with confidence in the accuracy of their data. Register for free on Stock-Callers.com and access the latest research report on WIT at:
Shares in Troy, Michigan headquartered Syntel Inc. ended the day 2.28% lower at $19.71 with a total trading volume of 822,048 shares. The stock is trading below its 50-day moving average by 15.27%. Shares of the Company, which provides digital transformation, information technology, and knowledge process outsourcing services worldwide, have an RSI of 39.41.
On November 16th, 2016, Syntel announced that its Board of Directors has authorized a stock repurchase plan under which the Company may repurchase shares of common stock with a total value not to exceed $10,000,000.00. The company stated that the repurchases under the new program may be made in open market or privately negotiated transactions or through a Rule 10b5-1 plan in compliance with SEC Rule 10b-18, subject to market conditions, applicable legal requirements, and other relevant factors. Syntel had 84,100,928 shares of common stock issued and outstanding as of September 30th, 2016. Get free access to your research report on SYNT at:
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