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Igate Corp. (IGTE)

14.18-0.64 (-4.32%) 7:17P EDT (NASDAQ) - [Pre-market: 14.00-0.18 (-1.27%) 4:20A EDT]

Price Quote as of Thursday, May 23rd, 2013

Latest Igate Corp. (IGTE) Headlines

Downgrade Alert for iGate (IGTE)

Comtex SmarTrend(R) - Wed May 22, 7:53AM CDT

iGate (NASDAQ:IGTE) was downgraded from Outperform to Perform at Oppenheimer today. The stock closed yesterday at $14.82 on volume of 2.7 million shares, above average daily volume of 305,000. iGate (NASDAQ:IGTE) has potential upside of 45.1% based on a current price of $14.82 and analysts' consensus price target of $21.50. The stock should run into initial resistance at its 200-day moving average (MA) of $17.04 and subsequent resistance at its 50-day MA of $17.54. (full story)

Bronstein, Gewirtz & Grossman, LLC Announces Investigation of iGATE Corporation

PR Newswire - Wed May 22, 7:30AM CDT

Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of iGATE Corporation ("iGATE" or the "Company") (NasdaqGS: IGTE). The investigation focuses on whether the Company and its executives violated federal securities laws. (full story)

Downgrade Alert for iGate (IGTE)

Comtex SmarTrend(R) - Wed May 22, 6:58AM CDT

iGate (NASDAQ:IGTE) was downgraded from Buy to Neutral at Sidoti today. The stock closed yesterday at $14.82 on volume of 2.7 million shares, above average daily volume of 305,000. iGATE Corporation offers a range of information technology solutions to clients throughout the world. The Company's employees specialize in areas such as offshore outsourcing, enterprise applications, and information technology staffing, which are all available via a variety of delivery models. (full story)

Nasdaq stocks posting largest percentage decreases

AP - Tue May 21, 7:53PM CDT

NEW YORK (AP) — A look at the 10 biggest percentage decliners on Nasdaq at the close of trading: (full story)

Nasdaq stocks posting largest percentage decreases

AP - Tue May 21, 12:16PM CDT

NEW YORK (AP) — A look at the 10 biggest percentage decliners on Nasdaq at 1 p.m.: (full story)

iGATE Terminates the Employment of President and CEO Phaneesh Murthy; Board Appoints Gerhard Watzinger Interim President and CEO

PR Newswire - Mon May 20, 7:41PM CDT

iGATE Corporation (NASDAQ: IGTE) announced today that its Board of Directors has decided to terminate the employment of President and CEO Phaneesh Murthy. Concurrently, the Board has appointed Gerhard Watzinger as President and CEO on an interim basis. All changes are effective immediately. (full story)

iGATE Helps Oil and Gas Companies Manage Assets on Mobile Devices

GlobeNewswire - Thu May 16, 8:12AM CDT

iGATE, the first integrated technology and operations company providing Business Outcomes-based solutions, announced today the launch of its mobile enterprise asset management (EAM) solution for the oil and gas industry. The mobile EAM solution helps global oil and gas enterprises efficiently and sustainably manage their physical assets, including production equipment, machinery, vehicles and facilities, on mobile devices. This is a critical solution offering given that the need for mobile EAM solutions has never been greater than now. (full story)

Global Engineering Service Outsourcing Market 2012-2016 with HCL Technologies Ltd., Infosys Ltd., TCS Ltd., and Wipro Ltd. Dominating

M2 - Mon May 13, 12:42PM CDT

Research and Markets (http://www.researchandmarkets.com/research/qvz6mw/global) has announced the addition of the "Global Engineering Service Outsourcing Market 2012-2016" report to their offering. TechNavio's analysts forecast the Global Engineering Service Outsourcing (ESO) market to grow at a CAGR of 25.78 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need for cost reduction. The Global ESO market has also been witnessing the emergence of India as key ESO destination. However, the concerns related to intellectual property (IP) could pose a challenge to the growth of this market. Vendors mentioned in the report are: Aricent Group, Beyondsoft Corp., Clasoft Labs India Pvt. Ltd., Cybage Software Pvt. Ltd., EPAM Systems, GlobalLogic, Infotech Enterprises Ltd., iGate Corp., KPIT Cummins Infosystems Ltd., Luxoft, L and T IES, MindTree Ltd., Mindfire Solutions, QuEST Global Services Pte. Ltd., Sonata Software Ltd., Symphony Teleca Corp., Tata ELXSI Ltd., (full story)