Tech Stocks to Path! Western Digital Corp (NASDAQ:WDC), Cognizant Technology Solutions Corp (NASDAQ:CTSH)
Shares of Western Digital Corp (NASDAQ:WDC) ended Thursday session in red amid volatile trading. The shares closed down -0.64 points or -1.11% at $56.84 with 4.86 million shares getting traded. Post opening the session at $57.98, the shares hit an intraday low of $56.66 and an intraday high of $59.49 and the price vacillated in this range throughout the day. The company has a market cap of $16.26 billion and the numbers of outstanding shares have been calculated to be 285.47 million shares.
Western Digital Corp (WDC) recently declared that the board of directors declared a cash dividend for the quarter ending Dec. 30, 2016, of $0.50 per share of common stock (the “cash dividend”). The cash dividend will be paid on Jan. 17, 2017, to the company’s stockholders of record as of Dec. 30, 2016.
The amount of future dividends under the company’s dividend policy, and the declaration and payment thereof, will be based upon all relevant factors, counting the company’s financial position, results of operations, cash flows, capital requirements and restrictions under the company’s financing documents, and shall be in compliance with applicable law. The board retains the power to modify, suspend or cancel the company’s dividend policy in any manner and at any time as it may deem necessary or appropriate in the future.
Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) ended Thursday session in green amid volatile trading. The shares closed up +0.80 points or 1.51% at $53.81 with 9.83 million shares getting traded. Post opening the session at $53.46, the shares hit an intraday low of $52.96 and an intraday high of $54.66 and the price vacillated in this range throughout the day. The company has a market cap of $31.53 billion and the numbers of outstanding shares have been calculated to be 606.70 million shares.
Cognizant Technology Solutions Corp (CTSH) recently declared it has facilitated ACCO Brands Corporation (ACCO), one of the world’s leading suppliers of branded school, office and consumer products and print finishing solutions, to cloud-facilitate their IT infrastructure for improved business agility, performance and reduced costs.
Illinois-based ACCO Brands markets products under well-known brands such as Mead®, Swingline® and Day-Timer® and many others in over 100 countries worldwide, and is a key vendor to retailers of all sizes, counting many global retail giants. By migrating mission-critical workloads in enterprise SAP systems from an on-premise data center to the Microsoft Azure cloud platform and implementing a pay-per-use Infrastructure-as-a-Service (IaaS) model, ACCO Brands has improved the flexibility, availability and scalability of its IT environment, reducing risk and enabling it to quickly respond to changing business requirements.