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Igate Corporation (IGTE) [hlAlert]

Rating:
Buy IGTE
up 180.16 %

Igate Corporation (IGTE) rated Buy with price target $23 by Needham

Posted on: Thursday,  Jul 14, 2011  8:25 AM ET by Needham

Needham rated Buy Igate Corporation (NASDAQ: IGTE) on 07/14/2011, when the stock price was $16.99. Since
then, Igate Corporation has gained 180.16% as of 07/01/2015's recent price of $47.60.
If you would have followed this Needham's recommendation on IGTE, you would have gained 180.16% of your investment in 1448 days.

iGATE Corporation (iGATE) is a provider of information technology (IT) and IT-enabled operations offshore outsourcing services to large and medium-sized organizations. iGATE provides end-to-end business solutions that leverage technology thus enabling its clients to enhance business performance. These services include client/server design and development, conversion/migration services, offshore outsourcing, enterprise resource planning (ERP) package implementation and integration services, software development and applications maintenance outsourcing. As of June 30, 2008, the Company?s operating segments are iGATE Solutions (iGS), iGATE Professional Services (iPS) and iGATE Shared Services (iSS).

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/14/2011 8:25 AM Buy
None
16.99 23.00
as of 12/30/2011
1 Week down  -0.25 %
1 Month up  1.35 %
3 Months up  36.30 %
1 YTD down  -20.19 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/22/2009 11:25 AM Buy
None
7.05 9.00
8/12/2008 9:25 AM Hold
None
10.44
7/18/2008 11:25 AM Buy
None
7.30 11.00
2/21/2008 9:25 AM Buy
None
7.96 10.00

(*) Stock Price at the time of the recommendation.
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