Unisys Corporation (UIS) is Initiated by SunTrust to Buy

Unisys Corporation (UIS) was Initiated by SunTrust to “Buy”. SunTrust advised their investors in a research report released on Jun 22, 2016.

Many Wall Street Analysts have commented on Unisys Corporation. Sidoti Initiated Unisys Corporation on Mar 29, 2016 to “Buy”, Price Target of the shares are set at $13.

On the company’s financial health, Unisys Corporation reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.06. The company had revenue of $666.80 million for the quarter, compared to analysts expectations of $655.37 million. The company’s revenue was down -7.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.32 EPS.

Unisys Corporation opened for trading at $8.04 and hit $8.04 on the upside on Monday, eventually ending the session at $7.66, with a gain of 1.59% or 0.12 points. The heightened volatility saw the trading volume jump to 6,21,166 shares. Company has a market cap of $383 M.

Unisys Corporation is a global Information Technology (IT) company. The Company provides outsourcing and managed services systems integration and consulting services server technology cybersecurity and cloud management software and maintenance and infrastructure support services. The Company operates through two segments: Services and Technology. The Company’s services include outsourcing systems integration and consulting infrastructure services and maintenance. The Company’s Technology segment designs and develops software servers and related products. The Company’s product offerings include enterprise-class servers such as the ClearPath family of servers the Forward! by Unisys line of fabric servers and the ES family of servers; the Unisys Stealth family of cybersecurity software and operating system software and middleware.

Unisys Corporation

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