Research Reports on Tech Equities -- Microsoft, Cognizant Technology Solutions, CA Inc., and Citrix Systems
NEW YORK, December 5, 2016 /PRNewswire/ --
Operators in the Business Software and Services industry offer a wide range of business applications that helps companies accomplish their corporate goals. Annually, global IT spending on enterprise software totals nearly $326 billion. By 2017, enterprise resource planning software revenue is forecasted to reach around $35 billion. Pre-market, Stock-Callers.com draws investors' attention to four equities in this space, which are: Microsoft Corp. (NASDAQ: MSFT), Cognizant Technology Solutions Corp. (NASDAQ: CTSH), CA Inc. (NASDAQ: CA), and Citrix Systems Inc. (NASDAQ: CTXS). Learn more about these stocks by accessing their free research reports at: http://stock-callers.com/registration
Microsoft
Shares in Redmond, Washington headquartered Microsoft Corp. ended Friday's session 0.08% higher at $59.25 with a total trading volume of 25.46 million shares. The stock has advanced 0.37% in the last month, 3.43% over the previous three months and 9.73% on an YTD basis. The Company's shares are trading 1.03% above their 50-day moving average and 8.85% above their 200-day moving average. Moreover, shares of Microsoft, which develops, licenses, and supports software products, services, and devices worldwide, have a Relative Strength Index (RSI) of 47.80.
On November 17th, 2016, research firm Goldman upgraded the Company's stock rating from 'Neutral' to 'Buy'. The research firm also revised upwards its previous target price from $60 to $68.
On November 29th, 2016, Microsoft announced that Microsoft HoloLens, the world's first self-contained holographic computer running Windows 10, will be available for preorder in Japan starting December 02nd, 2016. Devices will begin to ship in early 2017. The announcement came just six weeks after Microsoft HoloLens Development Edition and Microsoft HoloLens Commercial Suite expanded globally to six new markets. Free research report on MSFT is available at: http://stock-callers.com/registration/?symbol=MSFT
Cognizant Technology Solutions
Teaneck, New Jersey headquartered Cognizant Technology Solutions Corp.'s shares saw a slight drop of 0.11%, closing the day at $54.02. A total volume of 4.63 million shares was traded. The stock has advanced 5.08% in the last month. The Company's shares are trading 2.94% above their 50-day moving average. Additionally, shares of Cognizant Technology Solutions, which provides information technology, consulting, and business process services worldwide, have an RSI of 51.37.
On November 08th, 2016, research firm Needham reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $68 a share to $65 a share.
On November 28th, 2016, Cognizant Technology Solutions in its response to the open letter issued by Elliott Management Corp. (Elliott) stated that the Company welcomes open communications with all of its shareholders and values their input. Cognizant's Board of Directors and management team regularly review its strategic priorities and opportunities towards the goal of enhancing value for all shareholders. The Company also noted that it had an introductory discussion with Elliott upon receipt of the letter. The complimentary research report on CTSH can be downloaded at: http://stock-callers.com/registration/?symbol=CTSH
CA Inc.
Last Friday, shares in New York headquartered CA Inc. gained 2.10%, closing the session at $31.05. The stock recorded a trading volume of 4.22 million shares, which was higher than its three months average volume of 2.44 million shares. The Company's shares have advanced 1.51% in the last one month and 12.37% on an YTD basis. The stock is trading 1.60% below its 200-day moving average. 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 44.30.
On December 01st, 2016, CA Inc. announced that it has signed a definitive agreement to acquire Automic Holding GmbH, a leader in business automation software that drives competitive advantage by automating IT and business processes. The transaction, valued at approximately 600 million euros, net of cash and cash equivalents acquired, has been unanimously approved by both Boards of Directors, and is expected to close in CA Inc's Q4 FY17. Visit us today and access our complete research report on CA at: http://stock-callers.com/registration/?symbol=CA
Citrix Systems
Fort Lauderdale, Florida headquartered Citrix Systems Inc.'s stock finished the session 0.18% higher at $85.62 with a total trading volume of 1.20 million shares. The Company's shares have advanced 2.17% in the last month and 13.18% on YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.35% and 3.14%, 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 of 47.41.
On November 07th, 2016, Citrix announced that it has been named as a leader in the IDC MarketScape: Worldwide Virtual Client Computing Software 2016 Vendor Assessment. Get free access to your research report on CTXS at: http://stock-callers.com/registration/?symbol=CTXS
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