Two Tech Stocks Are Just So Hot Right Now: Corning Incorporated (GLW), Cognizant Technology Solutions Corporation (CTSH)

Corning Incorporated (GLW) ended last trading session with a change of 0.54 percent. It trades at an average volume of 7.06M shares versus 4.07M shares recorded at the end of last trading session. The share price of $27.71 is at a distance of 55.89 percent from its 52-week low and down -2.29 percent versus its peak. The company has a market cap of $25.73B and currently has 928.43M shares outstanding. The share price is currently 0.73 percent versus its SMA20, 5.97 percent versus its SMA50, and 19.27 percent versus its SMA200. The stock has a weekly performance of -0.04 percent and is 14.82 percent year-to-date as of the recent close.

On February 8, 2017 Corning Incorporated (GLW) announced that it has collaborated with Micromax for its Vdeo smartphones, designed for the “value-segment” consumer. The recently launched devices are among the first across India`s mobile phone entry segment to incorporate Corning® Gorilla® Glass to help protect against damage.

“Value-segment smartphone customers typically spend a significant portion of their income buying a device,” said John Bayne, vice president and general manager, Corning Gorilla Glass. “Many of these first-time smartphone users simply cannot afford to repair or to replace a damaged device. That`s why it`s essential to protect these devices with a material such as tough, damage-resistant Corning Gorilla Glass.”

Cognizant Technology Solutions Corporation (CTSH) recently recorded 0.87 percent change and currently at $59.25 is 30.39 percent away from its 52-week low and down -6.29 percent versus its peak. It has a past 5-day performance of 0.71 percent and trades at an average volume of 5.29M shares. The stock has a 1-month performance of 2.16 percent and is 5.75 percent year-to-date as of the recent close. There were about 607.6M shares outstanding which made its market cap $36B. The share price is currently 1.08 percent versus its SMA20, 4.05 percent versus its SMA50, and 5.26 percent versus its SMA200.

On March 1, 2017 Cognizant Technology Solutions Corporation (CTSH) announced the acquisition of Brilliant Service Co. Ltd., an intelligent products and solutions company headquartered in Osaka, Japan, specializing in digital strategy, product design and engineering, the Internet of Things (IoT), and enterprise mobility.

Founded in 2004, Brilliant Service helps organizations build connected businesses by leveraging innovative smart device solutions. The company provides end-to-end Android/iOS applications, embedded software, user experience design and online-to-offline services to major corporations in Japan, who are seeking to create engaging customer experiences. Its client roster includes many of Japan’s top telecommunications, manufacturing, and consumer goods companies.