Syntel, Inc. (NASDAQ:SYNT) [Trend Analysis] tries to capture market sentiments, shares slightly down -0.10% to $19.24. Syntel, Inc. (SYNT) reported that financial results for the fourth quarter and full year, ended December 31, 2016.
Syntel’s revenue for the fourth quarter reduced 6.6 percent to $237.9 million from $254.6 million in the prior-year period, and 1.4 percent from $241.3 million in the third quarter of 2016. During the fourth quarter, Banking and Financial Services accounted for 48.4 percent of total revenue, with Retail, Logistics and Telecom at 17.6 percent, Healthcare and Life Sciences at 16 percent, Insurance at 13.7 percent, and Manufacturing at 4.3 percent.
The Company’s gross margin was 40.2 percent in the fourth quarter, compared to 41.8 percent in the prior-year period and 39.2 percent in the third quarter of 2016. Selling, General and Administrative (SG&A) expenses were 13.1 percent of revenue in the fourth quarter, compared to 11 percent in the prior-year period and 12.2 percent in the previous quarter. The fourth quarter income from operations was 27.1 percent of revenue as compared to 30.8 percent in the prior-year period and 27 percent in the third quarter.
When calculating EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at 0.90%. Investors looking further ahead will note that the Price to next year’s EPS is 426.80%. (What Market Forces Produce Volatility in NASDAQ:SYNT Share? Find Free Report Here)
As for as concerns shares volumes, in share of capital Syntel, Inc. (NASDAQ:SYNT) has 82.00 million outstanding shares among them 27.69 million shares have been floated in market exchange. SYNT institutional ownership remained 37.40% while insider ownership included 29.80%. The firm attains analyst recommendation of 2.90 with week’s performance of -11.16%
Cadence Design Systems, Inc. (NASDAQ:CDNS) [Trend Analysis] shows fluctuation in active trade, on Friday shares inched down -0.46% to $30.10. Cadence Design Systems, Inc. (CDNS) declared that it will showcase the Cadence® Verification Suite and its most recent innovations at DVCon 2017.
Keynote- Tomorrow’s Verification , Tuesday, February 28 at 1:30 p.m., Dr. AnirudhDevgan, senior vice president and general manager of the Digital & Signoff Group (DSG) and the System & Verification Group (SVG). Accellera Tutorial- Creating Portable Stimulus Models with the Upcoming Accellera Standard, Monday, February 27 at 9:00 a.m., Sharon Rosenberg, senior solutions architect.
Accellera Tutorial- Introducing IEEE 1800.2 – The Next Step for UVM, Monday, February 27 at 2:00 p.m., Adam Sherer, product management group director. Poster- Mixed-Signal Verification Methodology to Verify USB Type-C™, Tuesday, February 28 at 10:30 a.m., Varun R, design engineer II. Lunch Panel- Application-Specific Verification from Edge Nodes Through Hubs, Networks, and Servers – Are the Requirements All the Same?, Tuesday, February 28 at 2:00 p.m., Frank Schirrmeister, senior product management group director
The 52-week high of the share price is -1.02% and 52-week low of the share price is 47.48%. Current stock price is in the upbeat territory taking into account of 20 days moving average with 7.60% and continued bullish run for 50 days moving average with 13.01%.
Moving toward technical analysis, the current ratio, or the liquidity ratio of a company was calculated 1.20 as compared to its debt to equity ratio stands at 0.93. To take look on ration of tradable shares being shorted in market, float short ration was 3.63%, as compared to sentiment indicator; Short Ratio was 5.50. Taking notice in average true range, it was 0.54.
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