Anticipated News by the Investors; Cognizant Technology Solutions, Apple Inc, Dell Inc, TSM and DISH Network Corp
Mark Li an analyst at Bernstein Research gave Market Perform ratings to Taiwan Semiconductor Manufacturing (TSM), which is a supplier of Apple Inc.(NASDAQ:AAPL). Mark Li believes that Taiwan Semiconductor Manufacturing is likely to get 30% business of Apple (AAPL) next year; therefore, Li gave the company a $19 price target. Apple Inc. (NASDAQ:AAPL)’s shares went down by -0.89% and ended at $465.25.
Shares of International Business Machines Corp. (NYSE:IBM) also saw a downward trend today mainly because Kulbinder Garcha of Credit Suisse downgraded the company’s shares from Neutral to Underperform. Li also gave a price target of $175 on the shares of IBM and said that softwares of IBM are losing their market share and there is not much Organic Revenue Growth. Share of International Business Machines Corp. (NYSE:IBM) went down by -2.31% and ended at $190.99.
After the news of Carl Icahn buying more Dell Inc. (NASDAQ:DELL) shares worth $4 million on Thursday, shares of Dell Inc. (NASDAQ:DELL) went down yesterday. Icahn bought the shares at $12.94 average price that equaled his total shares to 156,478,650. The proposed leveraged buyout of Dell Inc. by Michael Dell is scheduled to go through a voting on the 12th of September; Icahn is not in the favor of the buyout. On Tuesday Dell Inc. (NASDAQ:DELL)’s went up by 0.37% ($13.73).
DISH Network Corp (NASDAQ:DISH)’ shares opened at a low figure of – 2.4% ($43.65). The company’s $3.61 billion revenue reported for the second quarter is up by 1%, but less than the 43.65 billion consensuses. DISH Network Corp’s net profit was 2 cents per shares and its per share average revenue is $80.90, which is also below the $81.34 consensus; data gathered from the Moffett Research’s Craig Moffett.
With a shares worth 3.65 million trading volume, shares of DISH Network Corp (NASDAQ:DISH) went up by 0.45% and ended at $44.91.
Today Cognizant Technology Solutions Corp (NASDAQ:CTSH) shares went up by 4% ($76.31). This was after company’s revenue for the second quarter was reported; according to the report the company had revenue of $2.16 billion ($1.07 a share). This report exceeded the expected figure of 42.13 billion ($1.05 a share). The current quarter projection for the company was $2.25 billion, which exceeded the expected figure of $2.22 billion. The profit view was also higher at $1.09 as compared to the expected $1.03. Cognizant Technology Solutions Corp (NASDAQ:CTSH)’s shares went up by 0.82% and ended at $74.01.