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Tuesday 11 August 2015
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Afternoon Trade News Analysis on: Marvell Technology Group (NASDAQ:MRVL), Cognizant Technology Solutions (NASDAQ:CTSH), Allergan (NYSE:AGN), WisdomTree Investments, (NASDAQ:WETF)

On Monday, in the course of Afternoon trade, Shares of Marvell Technology Group Ltd. (NASDAQ:MRVL), dropped -0.40%, and is now trading at $12.39.

Marvell, declared it will conduct a conference call following the release of its second fiscal quarter of 2016 financial results on Thursday, August 20, 2015, at 1:45 p.m. Pacific Time.

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers mobile and wireless products comprising communications and applications processors; thin modems; and connectivity solutions, counting Wi-Fi, Bluetooth, near field communication, and FM; and mobile computing products, in addition to silicon solutions and Kinoma software.

During an Afternoon trade, Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH), dipped -0.78%, and is now trading at $62.61.

Cognizant, declared it has been named a “Leader” in “The Forrester Wave™: Business Transformation Consultancies, Q3 2015,” (July 2015) by Forrester Research Inc. The newly released report evaluated the strengths and weaknesses of 10 of the top business transformation consultancies. A business transformation comprises of fundamental changes to business processes, technology, models, structure, channels and even to culture according to Forrester.

The Forrester Wave: Business Transformation Consultancies, Q3 2015, evaluated global consultancies on 23 criteria in three categories—current offering, strategy, and market presence—to assist customers select the right partner for their business transformations. Leaders were identified as being partners who are “innovative, compriseent, and complete.” According to a Forrester survey of global services decision-makers, reducing costs, improving customer experience, and revenue growth are the top three drivers for recent business transformation projects.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. Its consulting and technology services comprise IT strategy consulting, program administration consulting, operations improvement consulting, strategy consulting, and business consulting services; and application design and development, systems integration, enterprise resource planning, and customer relationship administration implementation services.

Shares of Allergan PLC (NYSE:AGN), during its Monday’s current trading session raised 0.66%, and is now trading at $333.32.

ConvergeHEALTH by Deloitte is announcing that the global pharmaceutical company Allergan plc is expanding its year-long research partnershipwith ConvergeHEALTH by Deloitte and Intermountain Healthcare to comprise women’s health.

This initiative will harness ConvergeHEALTH’s OutcomesMiner analytics platform to generate real-world clinical insights in an effort to improve patient outcomes.

Allergan plc develops, manufactures, and distributes generic, branded, biosimilar, and over-the-counter (OTC) pharmaceutical products. It operates in three segments: North American Brands, North American Generics and International, and Anda Distribution.

Finally, WisdomTree Investments, Inc. (NASDAQ:WETF), gained 3.94% Monday.

WisdomTree Investments, stated net income of $24.2 million for the second quarter of 2015 or $0.18 per share on a fully diluted basis. This compares to $10.6 million in the second quarter of 2014 and $12.1 million in the first quarter of 2015.

WisdomTree CEO and President Jonathan Steinberg said, “Our innovative ETF platform attracted $6.6 billion in inflows in the second quarter and more than $20 billion in the first half of the year, making WisdomTree one of the fastest-growing companies within the ETF and broader asset administration industry in 2015 to date. We also delivered industry-leading operating margins and record financial results, demonstrating the increasing scale and strength of our business model.”

WisdomTree Investments, Inc., through its auxiliaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes.

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