Syntel Reports Third Quarter 2016 Financial Results

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Go back to Syntel Reports Third Quarter 2016 Financial Results

SunTrust Downgrades Syntel, Inc. (SYNT) to Hold

October 24, 2016 7:17 AM EDT

SunTrust Robinson Humphrey downgraded Syntel, Inc. (NASDAQ: SYNT) from Buy to Hold with a price target of $25.00 (from $32.00).

For an analyst ratings summary and ratings history on Syntel, Inc. click here. For more ratings news on Syntel, Inc. click here.

Shares of Syntel, Inc. closed at $21.38 yesterday.

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Needham & Company Cuts Price Target on Syntel, Inc. (SYNT) Following Weak 3Q

October 20, 2016 4:04 PM EDT

Needham & Company reiterated a Buy rating on Syntel, Inc. (NASDAQ: SYNT), and cut the price target to $27.00 (from $48.00), following the company's "weaker than expected" 3Q results. Revenue came in at $241.2 million, down 4.9% Y/Y, and below consensus of $249.9 million. Uncertainty continues to impact spending. Management... More

Syntel, Inc. (SYNT) Appoints New CFO, CISO

October 20, 2016 9:43 AM EDT

Syntel, Inc. (NASDAQ: SYNT) noted the following with its quarterly results press release on Thursday:

CFO Appointment

On October 17, 2016, the Board of Directors of Syntel named Anil Agrawal as Chief Financial Officer and Chief Information Security Officer, effective November 1, 2016. Mr. Agrawal,... More

Syntel, Inc. (SYNT) Tops Q3 EPS by 1c, Revenue Comes in Light

October 20, 2016 8:35 AM EDT

Syntel, Inc. (NASDAQ: SYNT) reported Q3 EPS of ($2.58), $0.01 better than the analyst estimate of ($2.59). Revenue for the quarter came in at $241 million versus the consensus estimate of $249.81 million.

GUIDANCE:

Syntel, Inc. sees FY2016 EPS of ($0.65)-($0.75), versus the consensus of... More