Yandex NV (NASDAQ:YNDX)’s Chairman of Board, Alfred Fenaughty, has acknowledged that the company will make an extraordinary purchase of KitLocate. The KitLocator enables mobile devices to work on geo-locator. In spite of all such successful investments, the company suffered a loss of 4.9% of the total revenue. Yandex NV (NASDAQ:YNDX) shares after opening at $28.09 moved to $28.36 on last trade day and at the end of the day closed at $28.01. Company price to sales ratio in past twelve months was calculated as 9.55 and price to cash ratio as 9.85. Yandex NV (NASDAQ:YNDX) showed a negative weekly performance of -6.51%.
STMicroelectronics (NYSE:STM) was downgraded by investment analysts at UBS AG from a “neutral” rating to a “sell” rating in a note issued to investors on Monday, Analyst Ratings.Net reports. STMicroelectronics NV (ADR) (NYSE:STM) shares fell -2.12% in last trading session and ended the day on $8.77. STM return on equity ratio is recorded as -11.70% and its return on assets is -7.10%. STMicroelectronics NV (ADR) (NYSE:STM) yearly performance is 17.40%.
Corning Incorporated (NYSE:GLW) was downgraded by investment analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a note issued to investors on Monday, ARN reports. Corning Incorporated (NYSE:GLW) shares moved down -1.88% in last trading session and was closed at $20.38 while trading in range of $20.28 – $20.64 – Corning Incorporated (NYSE:GLW) year to date (YTD) performance is 14.95%.
Cisco Systems, Inc. (NASDAQ:CSCO) has announced a new suite of high-quality video collaboration solutions, enabling Middle East businesses to effectively and affordably communicate face-to-face across different locations and devices. Cisco Systems, Inc. (NASDAQ:CSCO) weekly performance is -1.10%. On last trading day company shares ended up $22.46. Cisco Systems, Inc. (NASDAQ:CSCO) distance from 50-day simple moving average (SMA50) is 2.09%. Analysts mean target price for the company is $23.85.
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