Strategic Acquisitions, Market Activity, and CSR Initiatives - Research Reports on Cognizant, Qihoo, Salesforce.com, Yelp and YY
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NEW YORK, September 18, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Cognizant Technology Solutions Corporation (NASDAQ: CTSH), Qihoo 360 Technology Co. Ltd. (NYSE: QIHU), Salesforce.com, Inc. (NYSE: CRM), Yelp, Inc. (NYSE: YELP) and YY Inc. (NASDAQ: YY). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/6583-100free.
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Cognizant Technology Solutions Corporation Research Reports
On September 15, 2014, Cognizant Technology Solutions Corporation (Cognizant) announced that it has entered into a definitive agreement to acquire Colorado-based healthcare IT software and solutions provider TriZetto Corporation (Trizetto) for $2.7 billion in cash. Cognizant said that it expects this acquisition to accelerate significantly its market position and strategy of delivering innovative healthcare software and solutions to a wide range of healthcare clients. The Company also expects this acquisition to bring approx. $1.5 billion of potential revenue synergies cumulatively over the next five years. "The transaction is expected to be immediately accretive to Cognizant's non-GAAP EPS, excluding one-time transaction costs and adjustments," said Karen McLoughlin, CFO of Cognizant. Cognizant will use a combination of cash and debt to fund this transaction, which is expected to close in the fourth quarter of 2014. Cognizant's stock fell 1.01% to close at $44.31 on the day of the announcement. The full research reports on Cognizant are available to download free of charge at:
http://www.analystsreview.com/Sep-18-2014/CTSH/report.pdf
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Qihoo 360 Technology Co. Ltd. Research Reports
On September 15, 2014, the stock of Qihoo 360 Technology Co. Ltd. (Qihoo) resumed its southward journey, after moving up in the previous trading session. Qihoo's stock fell 2.35% to end the trading session at $77.85. During the session, shares in Qihoo opened at $80.00, and traded in the range of $76.79 - $80.97, with a total of 4.63 million shares changing hands. The stock of the China-based Qihoo is now down by 23.49% since August 22, 2014, the last trading day before August 24, 2014, when the Company released its Q2 2014 financial results, showing that they missed analysts' estimates as operating expenses climbed. Qihoo reported Q2 2014 diluted earnings per ADS of $0.30, below the Zacks Consensus Estimate of $0.33 per ADS. The full research reports on Qihoo are available to download free of charge at:
http://www.analystsreview.com/Sep-18-2014/QIHU/report.pdf
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Salesforce.com, Inc. Research Reports
On September 12, 2014, Salesforce.com, Inc. (Salesforce.com) announced the expansion of the Mayor's Middle Grades Leadership Initiative for the San Francisco Unified School District (SFUSD). The Company stated that the initiative was first announced by the Salesforce.com Foundation, Mayor Edwin M. Lee, and Superintendent Richard A. Carranza in 2013 to provide increased technology resources and science, technology, engineering and math (STEM) opportunities to SFUSD middle school students. As part of the multi-year initiative, the Salesforce.com Foundation is donating $5 million and salesforce.com employees will volunteer 5,000 hours during the 2014-2015 school year. Additionally, the Company's foundation is also giving a grant of $1 million to Code.org, which provides access to computer science education in schools across the U.S. "We saw tremendous success in our first year working with the San Francisco Unified School District," said Suzanne DiBianca, President, Salesforce.com Foundation. "And today, we are doubling down on our commitment to middle school students." The full research reports on Salesforce.com are available to download free of charge at:
http://www.analystsreview.com/Sep-18-2014/CRM/report.pdf
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Yelp, Inc. Research Reports
On September 15, 2014, the stock of Yelp, Inc. (Yelp) fell 6.31% to end the trading session at $76.62. Shares in Yelp opened the session at $81.62, and fluctuated in the range of $75.50 - $81.70, with a total of 3.72 million shares changing hands. Over the last one month, the Company's stock has increased by just 0.12%, compared to the S&P 500 index which rose 1.49% during that period. The stock closed above its 50-day and 200-day moving averages of $74.66 and $73.55, respectively. The full research reports on Yelp are available to download free of charge at:
http://www.analystsreview.com/Sep-18-2014/YELP/report.pdf
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YY Inc. Research Reports
On September 15, 2014, the stock (ADR) of YY Inc. (YY) continued to decline for the fifth consecutive session and ended lower by 8.84% at $80.74. After opening at $88.07, the stock of China-based social communication platform provider traded in the range of $79.71 - $89.00, with a total of 3.07 million ADRs changing hands during the session. Bloomberg Businessweek reported on September 15, 2014 that Asian stocks fell on that day after the Chinese factory data, released on Saturday, September 13, 2014, showed that the country's industrial output rose 6.9% in August 2014 as compared to the previous year, which is the lowest since 2008. The full research reports on YY are available to download free of charge at:
http://www.analystsreview.com/Sep-18-2014/YY/report.pdf
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