Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) ended Friday session in green amid volatile trading. The shares closed up 0.20 points or 0.37% at $54.41 with 4,752,213 shares getting traded. Post opening the session at $54.14, the shares hit an intraday low of $53.71 and an intraday high of $54.56 and the price vacillated in this range throughout the day. The company has a market cap of $33.15 billion and the numbers of outstanding shares have been calculated to be 606.94 million shares.
Cognizant Technology Solutions Corp (CTSH) on Sept. 22, 2016 announced it has been named to the “Winner’s Circle” in the new HfS Research Blueprint Report: ServiceNow Services 2016 for innovation and execution in delivering to clients as-a-service computing solutions and technologies leveraging the ServiceNow enterprise cloud. HfS Research is a leading independent global analyst firm for the business and IT services industry.
The Blueprint report, the first to be published by HfS about the ServiceNow ecosystem, analyzes the capabilities of 14 leading ServiceNow service providers. Each provider is rated on a number of criteria in equally weighted categories of innovation and execution. Companies found to be competitively differentiated in a line of service delivery, and actively advancing what HfS defines as the “as-a-service economy” by delivering business outcome-oriented, on-demand talent and technology services, are named to the “Winner’s Circle.”
Cognizant is recognized in this HfS Blueprint report for its “focus and strong credentials as a managed service provider” that is “extending its strength” in remote infrastructure management (RIM) to virtualized offerings. Other specific strengths and capabilities highlighted by the analyst firm regarding Cognizant’s ServiceNow delivery include:
- Scale of Practice—Cognizant has one of the largest ServiceNow practices in the market.
- Dedicated Business Unit for Next-Gen IT—Cognizant’s organizational structure includes a dedicated salesforce, ServiceNow-certified professionals, and is designed to foster cross-fertilization of innovation initiatives.
- Focus on/Strength in Managed Services—Cognizant has a strong focus on end-to-end life cycle services, including design, implementation and support; it leverages its own OnTarget platform, built on ServiceNow, to deliver managed services.
- Leverage of Innovation Assets—Value is enhanced by integrating Cognizant’s next-gen innovation assets with proprietary ServiceNow assets.
- Broad Integration with Accessible Data and Intelligent Automation—Leveraging the capabilities of the Next-Gen business unit, Cognizant has some of the strongest capabilities available in the market.
- Flexibility to Deliver End-to-End and Point Solutions
“With its single code and data model as well as its focus on intelligent automation, collaboration and workflows, the ServiceNow platform has the potential to evolve into a crucial building block for the as-a-service economy. Cognizant is helping clients on that journey by integrating next-gen innovation assets with proprietary ServiceNow assets,” said Tom Reuner, Research Vice President at HfS Research.
“In particular, Cognizant is taking a holistic view to service delivery by integrating those capabilities with big data and intelligent automation, thus accelerating client’s time to value through faster actions and interactions, overcoming legacy solutions like ITSM (IT service management),” concluded Reuner.
“Our relationship with ServiceNow is important in providing our clients with the next-gen IT solutions that position them to thrive in the as-a-service economy,” said Venu Lambu, Senior Vice President and Global Head of Markets, Cognizant Infrastructure Services, at Cognizant. “Customers across industries are working with Cognizant to leverage ServiceNow as the preferred system of engagement in their digital transformation journey to overcome traditional barriers between IT and business while driving automation and streamlined service delivery. We are pleased HfS has recognized Cognizant as leading provider in helping clients get the most from opportunities with next-gen IT solutions.”
Shares of First Solar, Inc. (NASDAQ:FSLR) ended Friday session in green amid volatile trading. The shares closed up +1.64 points or 4.63% at $37.06 with 4,412,931 shares getting traded. Post opening the session at $35.37, the shares hit an intraday low of $35.36 and an intraday high of $37.45 and the price vacillated in this range throughout the day. The company has a market cap of $3.97 billion and the numbers of outstanding shares have been calculated to be 102.36 million shares.
First Solar, Inc. (FSLR) on September 3, 2016 announced that following the Company’s successful leadership transition, the First Solar Board of Directors and James A. Hughes have mutually agreed that Mr. Hughes will no longer serve in an advisory capacity to the Company and will step down from the Board, effective September 1, 2016. As previously announced on April 27, 2016, Mark R. Widmar was appointed Chief Executive Officer, effective July 1, 2016.
“With Mark successfully assuming the role of Chief Executive Officer and the management team continuing to execute our strategic growth plans, the Board and Jim mutually agreed that now is an opportune time for this transition,” said Michael J. Ahearn, First Solar’s Chairman of the Board. “On behalf of the entire Board, I want to thank Jim for his many contributions over the years. Jim is an experienced and talented leader with many opportunities ahead of him. We wish him well in his future endeavors.”
With this Board change, First Solar’s Board now is comprised of 11 members, nine of whom are independent directors.