Cognizant Technology Solutions Corporation (NASDAQ:CTSH) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -13.25% to $47.71. Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC, reported that KSF has commenced an examination into Cognizant Technology Solutions Corporation (CTSH).
On September 30, 2016, Cognizant revealed that it “is conducting an internal examination into whether certain payments relating to facilities in India were made improperly and in possible infringement of the U.S. Foreign Corrupt Practices Act and other applicable laws.” Cognizant additional reported the resignation of the Firm’s President, Gordon Coburn. The share price of CTSH attracts active investors, as stock price of week volatility recorded 3.12%. The stock is going forward to its 52-week low with -6.85% and lagging behind from its 52-week high price with -31.65%.
Zayo Group Holdings, Inc. (NYSE:ZAYO) [Trend Analysis] moved down reacts as active mover, shares a decrease -0.30% to traded at $29.71 and the percentage gap among open changing to regular change was 0.23%. A major wireless carrier has selected Zayo Group Holdings, Inc. (ZAYO) to deploy C-RAN connectivity in two major metro areas. In one market, Zayo will provide an “over the top” front haul solution, providing incremental fibers on existing paths to supplement the existing network.
In the second market, Zayo will initiate service for the carrier in a new cluster of sites, solving for high-demand areas by extensively leveraging dense, existing metro dark fiber assets. Increasingly, wireless carriers are turning to C-RAN architecture to improve network performance while reducing capital expenditures and gaining operating efficiencies.
“C-RAN enables wireless carriers to cost-efficiently keep pace with the growing bandwidth demand of their consumers,” stated Dave Jones, executive vice president, Dark Fiber Solutions at Zayo. “C-RAN, which requires a plentiful supply of dark fiber, is a prime example of second tenant economics for Zayo.” The firm’s current ratio calculated as 0.80 for the most recent quarter. The firm past twelve months price to sales ratio was 4.20 and price to cash ratio remained 42.36. As far as the returns are concern, the return on equity was recorded as -6.20% and return on investment was 3.70% while its return on asset stayed at -1.20%. The firm has total debt to equity ratio measured as 3.39.