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Sunday 28 June 2015
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Pre-Market News Buzz on: Valley National (NYSE:VLY), Cyberark Software (NASDAQ:CYBR), Iron Mountain (NYSE:IRM), Cognizant Technology Solutions (NASDAQ:CTSH)

On Tuesday, Valley National Bancorp (NYSE:VLY)’s shares inclined 1.86% to $10.41.

Valley National Bancorp (VLY) released its 2015 Annual Dodd-Frank Act Company-Run Stress Test Disclosure for Valley National Bancorp and Valley National Bank.

The results are calculated using capital action assumptions required by the Dodd-Frank Act Stress Test rules. Results are based on a forward-looking exercise using a hypothetical severely adverse macroeconomic scenario developed by the Board of Governors of the Federal Reserve System which do not represent Valley’s economic forecast. The results do not comprise Valley’s $100 million subordinated debentures due June 30, 2025 and $115 million fixed-to-floating rate non-cumulative perpetual preferred stock, series A both issued on June 19, 2015.

Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, insurance, and wealth administration financial services products. The company operates through Commercial Lending, Consumer Lending, and Investment Administration segments. Its deposit products comprise non-interest bearing, savings, NOW, and money market deposits, in addition to certificates of deposit. The company’s loan products comprise construction, residential mortgage, home equity, automobile, and floating rate and adjustable rate commercial and industrial loans, in addition to fixed rate owner occupied and commercial real estate loans, credit card loans, personal lines of credit, personal loans, and loans secured by cash surrender value of life insurance. It also invests in securities, such as fixed rate investments, federal funds, and interest-bearing deposits with banks; and offers international banking services, such as standby letters of credit, documentary letters of credit, and related products and other ancillary services.

Cyberark Software Ltd (NASDAQ:CYBR)’s shares dropped -2.10% to $71.86.

Cyberark Software Ltd (CYBR) the company that protects organizations from cyber attacks that have made their way inside the network perimeter, today announced details of its upcoming webinar, “30-Day Cybersecurity Sprint: Tightening Privileged User Policies.” The session will outline the cybersecurity initiative from the White House and U.S. Federal CIO Tony Scott, and explore how agencies can better protect sensitive information and assets, and make it more difficult for hackers to gain access to federal systems.

CyberArk Software Ltd. develops, markets, and sells software-based IT security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor privileged account access and activities. Its privileged account security solution comprises of Enterprise Password Vault that provides a tool to manage and protect physical, virtual, or cloud-based assets; SSH Key Manager to store, rotate, and control access to SSH keys for preventing unauthorized access to privileged accounts; Privileged Session Manager that protects servers, applications, databases, and hypervisors from malware; and Privileged Threat Analytics that profiles and analyzes individual privileged user behavior and creates prioritized alerts when abnormal activity is detected.

At the end of Tuesday’s trade, Iron Mountain Inc (NYSE:IRM)‘s shares dipped -0.64% to $32.57.

Iron Mountain® Incorporated (IRM), the storage and information administration company, recently declared the publishing of its 2014 Corporate Responsibility Report, providing a comprehensive update on the company’s global commitments to key Environmental, Social and Governance (ESG) topics such as workplace diversity and inclusion, community engagement, environmental responsibility, and employee volunteerism. Accessible for download on Iron Mountain’s Taking CARE corporate responsibility portal, the document expands on the company’s first report published last year.

Iron Mountain Incorporated, a real estate investment trust, provides storage and information administration services in North America, Europe, Latin America, and the Asia Pacific. It operates through North American Records and Information Administration Business, North American Data Administration Business, Western European Business, Other International Business, and Corporate and Other Business.

Cognizant Technology Solutions Corp (NASDAQ:CTSH), ended its Tuesday’s trading session with 0.14% gain, and closed at $63.29.

More results

Cognizant Technology Solutions Corp (CTSH) declared that it has been named to the “Winner’s Circle” of HfS Research’s Blueprint Report on population health and care administration business services. The report ranked Cognizant as the overall leader in innovation at scale and breadth of services.

The report looks at how established healthcare service providers are aligning, building, partnering, and acquiring capabilities to assist healthcare organizations deliver consumer-centric, individualized value-based care. It identifies key differentiators between service providers in numerous aspects of innovation and execution. Companies found to be leading in those categories are placed in the “Winner’s Circle.”

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.

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