Dallas,TX 2/10/2010 2:48:54 AM
News / Business

Top Software Stocks are MSFT, ORCL, CTSH

Software Stocks

 

Microsoft Corporation (NASDAQ:MSFT) rallied 1.48% to $28.13 on a massive volume of 30.12 million shares. The stock has a 52-week range of $14.87-$31.50.  Microsoft Corp. and MediaTek Inc. announced a strategic partnership to provide a multimedia-rich smart phone solution primarily aimed at emerging markets. As a result of this deal, consumers will be able to buy a wide range of feature-rich Windows phones in the market.

 

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Oracle Corporation (NASDAQ:ORCL) climbed up 1.64% to $23.50 on a massive volume of 14.20 million shares.  The stock has a 52-week range of $13.60-$25.64. Oracle Corporation (Oracle) is an enterprise software company. The Company develops, manufactures, markets, distributes and services database and middleware software, as well as applications software that help its customers manage their businesses. Oracle is organized into two businesses: software and services.

 

Cognizant Technology Solutions Corp. (NASDAQ:CTSH) spurted 5.01% to $45.93 with a massive volume of 4.66 million shares. The stock has a 52-week range of $17.26-$48.95. So far in the last six months trade the stock has rallied over 34%. Cognizant Technology Solutions Corp. announced that for the first quarter of 2010, it expects revenue to be at least $935 million, diluted EPS to be $0.48 on a GAAP basis and $0.52 on a non-GAAP basis, which excludes $0.04 of estimated stock-based compensation expense. For fiscal 2010, it expects revenue to be at least $3.935 billion, diluted EPS to be at least $2.03 on a GAAP basis, and $2.19 on a non-GAAP basis, which excludes $0.16 of estimated stock-based compensation expense. According to Reuters Estimates, analysts were expecting the Company to report revenue of $914 million for the first quarter of 2010; revenue of $3.938 billion for fiscal 2010.

 

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