Technical Reports on IT Services Equities -- Atlassian, Unisys, Wipro, and Syntel
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:
http://stock-callers.com/registration
Atlassian
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:
http://stock-callers.com/registration/?symbol=TEAM
Unisys
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:
http://stock-callers.com/registration/?symbol=UIS
Wipro
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:
http://stock-callers.com/registration/?symbol=WIT
Syntel
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:
http://stock-callers.com/registration/?symbol=SYNT
--
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