Dow Jones Hits 13000: How Did The VAR500 Fare?
A Big Day For VAR500 Stocks
With the Dow Jones industrial average hitting 13000, CRN thought it would be a good time to see how some VAR500 solution provider stocks fared. Is IT leading the charge? Following are the stock prices of the top 10 solution providers on the VAR500 list with headquarters in North America and that trade on a U.S. exchange. We compare the closing prices of Feb. 21 with last year's price on this day.
CIBER (VAR500 Rank: 25)
Feb. 21, 2012: 4.13
Feb. 22, 2011: 4.38
Change: -5.7%
Recent News: CIBER tapped its 16-year veteran, Mike Dillon, to lead its North America Oracle Practice, and Garth Carter, the head of CIBER's public sector and higher education segment, to lead Oracle sales for the company.
PC Mall (VAR500 Rank: 22)
Feb. 21, 2012: 6.16
Feb. 22, 2011: 9.25
Change: -50%
Recent News: It's been a rough road recently for the El Segundo, Calif.-based e-tailer; PC Mall finished 2011 worse than any other channel company surveyed by CRN.
PC Connection (VAR500 Rank: 21)
Feb. 21, 2012: 9.10
Feb. 22, 2011: 8.87
Change: 2.6%
Recent News: Jack L. Ferguson is retiring, and PC Connection recently appointed his replacement.
CGI (VAR500 Rank: 16)
Feb. 21, 2012: 20.99
Feb. 22, 2011: 19.66
Change: +6.8%
Recent News: CGI got a recent State government win when Vermont recently announced it would use the solution provider's public sector performance budgeting solution.
Tata Consultancy Services (TCS) (VAR500 Rank: 14)
Feb. 21, 2012: 1237.05
Feb. 22, 2011: 1120.00
Change: +10%
Recent News: Tata Consultancy Services reported record sales for its third quarter, with revenue for coming in at $2.59 billion, up 20.6 percent year-over-year.
Cognizant (VAR500 Rank: 12)
Feb. 21, 2012: 70.63
Feb. 22, 2011: 75.55
Change: -7%
Recent News: Cognizant has made gains in the retail sector, this month nabbing a five-year, multimillion dollar, deal with Future Group, one of India's largest retail companies.
Dimension Data (Now Part Of NTT) (VAR500 Rank: 11)
Feb. 21, 2012: 23.74
Feb. 22, 2011: 24.43
Change: -2.8%
Recent News: Dimension Data became a true cloud services provider when it bought OpSource last June, combined with hard work and tenacity, as seen in its a massive internal training initiative.
Insight Enterprises (VAR500 Rank: 10)
Feb. 21, 2012: 22.06
Feb. 22, 2011: 17.54
Change: 25.8%
Recent News: Insight Enterprises this month launched the InsightCloud Solution Center, its first cloud-based offering that will include messaging, security, infrastructure, collaboration solutions and management capabilities for messaging workload.
CSC (VAR500 Rank: 4)
Feb. 21, 2012: 31.97
Feb. 22, 2011: 47.45
Change: -48%
Recent News: CSC and Softheon announced this month a new software distribution agreement that will help health-care professionals optimize efficiency and increase productivity.
Accenture (VAR500 Rank: 3)
Feb. 21, 2012: $58.01
Feb. 22, 2011: $52.37
Change: +10.8%
Recent News: Accenture just released a study that found the United States is a leader in health-care IT use and adoption by physicians, compared with other regions of the globe.