Juniper Networks Inc (NYSE:JNPR), the industry leader in network innovation, announced the Virtual Converged Cable Access Platform (Virtual CCAP), a groundbreaking solution from its collaboration with Gainspeed, a disruptive innovator focused on redefining how cable networks are built that will enable cable operators to readily address growing consumer demand for data services over cable networks. Juniper Networks, Inc. (NYSE:JNPR) shares after opening at $24.10 moved to $24.46 on last trade day and at the end of the day closed at $24.28 . Company price to sales ratio in past twelve months was calculated as 2.40 and price to cash ratio as 4.04. Juniper Networks, Inc. (NYSE:JNPR) showed a negative weekly performance of -6.22%.
Netflix, Inc. (NASDAQ:NFLX) announced that David Wells, CFO, will present at J.P. Morgan Technology, Media and Telecom Conference on Tuesday, May 20, 2014. Mr. Wells is scheduled to present at 7:40 a.m. Pacific Time / 10:40 a.m. Eastern Time. Netflix, Inc. (NASDAQ:NFLX) shares advanced 1.80% in last trading session and ended the day on $319.87. NFLX return on equity ratio is recorded as 12.70% and its return on assets is 3.10%. Netflix, Inc. (NASDAQ:NFLX) yearly performance is 48.77%.
Applied Materials, Inc. (NASDAQ:AMAT) has finished its assembly of superconducting fault current limiter (SCFCL) system. The systems are ready for installation and on site testing. The testing would be performed at the Knapps Corners Substation. Central Hudson Gas and Electric Corp. is incharge of the substations in New York. It is estimated that the SCFCL systems are scheduled to be operational by May. Applied Materials, Inc. (NASDAQ:AMAT) shares moved up 2.14% in last trading session and was closed at $19.07 while trading in range of $18.71 – $19.17 – Applied Materials, Inc. (NASDAQ:AMAT) year to date (YTD) performance is 8.41%.
Technology stocks were mostly higher early Tuesday aided by gains in shares of Hewlett-Packard Company (NYSE:HPQ). H-P rallied more than 2% to $32.96 after Pacific Crest raised its rating on the stock to outperform from sector perform. Shares of Twitter Inc. TWTR -11.22% were volatile ahead of the microblogging site’s quarterly report. Hewlett-Packard Company (NYSE:HPQ) weekly performance is 3.75%. On last trading day company shares ended up $32.96. Hewlett-Packard Company (NYSE:HPQ) distance from 50-day simple moving average (SMA50) is 5.75%. Analysts mean target price for the company is $33.80.
Elon Musk, chief executive officer of Tesla Motors Inc (NASDAQ:TSLA) said the electric car manufacturer will soon name at least two sites for its planned $5 billion gigafactory. According to him, the company plans to break ground on both sites to ensure that the needed supply of lithium-ion battery packs is always available. In a recent interview, Musk told Bloomberg, “What we’re going to do is move forward with more than one state, at least two, all the way to breaking ground, just in case there’s last-minute issue. Tesla Motors Inc (NASDAQ:TSLA) shares after opening at $198.21 moved to $207.15 on last trade day and at the end of the day closed at $206.92 . Company price to sales ratio in past twelve months was calculated as 12.75and price to cash ratio as 30.34. Tesla Motors Inc (NASDAQ:TSLA) showed a negative weekly performance of -5.36%.
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