Anadarko, Celgene, Cognizant Hit Highs

Cognizant Technology, Celgene and Anadarko Petroluem hit 52-week highs on Monday.
By Jake Lynch ,

BOSTON (TheStreet) -- U.S. stocks gained Monday, helped by an uptick in the Institute for Supply Management's manufacturing gauge. These stocks hit 52-week highs.

3. Cognizant Technology Solutions

(CTSH) - Get Report

rose 4.9% to $50.48, recording a high of $50.50. Shares of the information-technology consultant have returned 13% during the past month.

The numbers

: Fourth-quarter profit increased 28% to $144 million, or 47 cents a share, as revenue grew 20% to $903 million. Cognizant's operating margin declined from 19% to 18%. Its balance sheet contains $1.4 billion of cash and no debt.

The stock

: Cognizant has surged 174% during the past year, outpacing major U.S. indices. The stock trades at a price-to-projected-earnings ratio of 21, a premium to peers. Its PEG ratio, a measure of value relative to growth, appears expensive at 1.7. A PEG ratio of more than 1 implies the shares are overpriced.

2. Celgene

(CELG) - Get Report

gained 3% to $61.30, hitting a high of $61.50. Shares of the biotechnology company have increased 7.6% during the past month.

The numbers

: Celgene swung to a fourth-quarter profit of $254 million, or 54 cents a share, from a loss of $149 million, or 33 cents, a year earlier. Revenue climbed 22% to $758 million. Celgene's operating margin extended from 28% to 37%. The company holds $3 billion of cash and $25 million of debt.

The stock

: Celgene has advanced 37% during the past year, lagging behind U.S. benchmarks. The stock trades at a price-to-projected-earnings ratio of 18, a discount to competitors. Its PEG ratio of 0.6 indicates a 42% premium to the industry average, but a discount based on growth expectations.

1. Anadarko Petroleum

(APC) - Get Report

jumped 0.4% to $70.41, touching $71.08. Shares of the oil and gas producer have climbed 8.2% during the past month.

The numbers

: Fourth-quarter profit plummeted 71% to $229 million, or 46 cents a share, as revenue fell 20% to $2.4 billion. The operating margin narrowed from 20% to 7.2%. Anadarko's balance sheet has $3.5 billion of cash and $13 billion of debt.

The stock

: Anadarko has doubled during the past year, beating U.S. indices. The stock trades at a price-to-projected-earnings ratio of 25, a premium to oil and gas peers. The shares are cheap based on book value, sales and cash flow.

-- Reported by Jake Lynch in Boston.

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