General Electric Company (NYSE:GE) is seeing some progress in its efforts of getting closer in talks of bidding Alstom. France is now opting for a softer stance on G.E.’s Bid for Alstom. The French government has not approved the bid, but it seems that it has softened its opposition to the proposed bid of $13.5 million made by GE. The bid is to acquire the power business of Alstom. It is considered as a national champion and an industrial conglomerate in France. General Electric Company (NYSE:GE) net profit margin is 8.60% and weekly performance is 0.94 %. On last trading day company shares ended up $26.74. Analysts mean target price for the company is $28.90. General Electric Company (NYSE:GE) distance from 50-day simple moving average (SMA50) is 1.98%.
Ericsson (ADR) (NASDAQ:ERIC) will exhibit and present at TM Forum Live! 2014 to highlight the latest strategies for enabling the agile operator. Agility will be key for operators to manage ever growing complexity of modern network architecture and user demands put on them. The company will demonstrate its solutions for driving customer, service and network agility, and also participate in multiple sessions that address key issues for service providers. TM Forum Live! 2014, a conference focused on digital business transformation, will be held from June 2 to 5 at the Acropolis in Nice, France. Ericsson (ADR) (NASDAQ:ERIC) shares advanced 0.45% in last trading session and ended the day on $12.33. Gross Margin is 35.50% and its return on assets is 4.90%. Ericsson (ADR) (NASDAQ:ERIC) quarterly performance is -0.16%.
On May 28, NetApp Inc (NASDAQ:NTAP) was downgraded by equities research analysts at TheStreet from a “buy” rating to a “hold” rating in a research note issued to investors on Monday. NetApp Inc. (NASDAQ:NTAP) shares moved up 0.57% in last trading session and was closed at $37.05, while trading in range of $36.65 – $37.17. NetApp Inc. (NASDAQ:NTAP) year to date (YTD) performance is -9.24%.
On May 28, F5 Networks Inc (NASDAQ: FFIV) announced that it has acquired Defense.Net, Inc. a privately-held provider of cloud-based security services for protecting data centers and Internet applications from distributed denial-of-service (DDoS) attacks. The advanced technologies and operational experience shared between the two companies will expand F5’s portfolio of security solutions for defense against Internet-based DDoS attacks on networks, data centers, and applications. F5 Networks, Inc. (NASDAQ:FFIV) ended the last trading day at $110.45. Company weekly volatility is calculated as 2.06% and price to cash ratio as 13.41. F5 Networks, Inc. (NASDAQ:FFIV) showed a positive weekly performance of 3.23%.
Groupon Inc (NASDAQ:GRPN) Director Bradley A. Keywell sold 500,000 shares of Groupon stock on the open market in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $6.17, for a total transaction of $3,085,000.00. Following the completion of the sale, the director now directly owns 42,043 shares in the company, valued at approximately $259,405. Groupon Inc (NASDAQ:GRPN) net profit margin is -4.70% and weekly performance is 1.87%. On last trading day company shares ended up $5.99. Analysts mean target price for the company is $8.76. Groupon Inc (NASDAQ:GRPN) distance from 50-day simple moving average (SMA50) is -15.38%.
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