Market Movers: Micron Technology (NASDAQ:MU), Facebook Inc (NASDAQ:FB), Cisco Systems (NASDAQ:CSCO), General Electric Company (NYSE:GE)

Posted by on Apr 21, 2014

Micron Technology, Inc. (NASDAQ:MU) a global leader in advanced semiconductor systems, and Wave Systems Corp. (WAVX), a leading provider of endpoint security, announced they are expanding their relationship to develop solutions designed to strengthen user protection against current and emerging threats to compute and embedded platforms. Micron Technology, Inc. (NASDAQ:MU) shares after opening at $23.11 moved to $24.14 on last trade day and at the end of the day closed at $23.91. Company price to sales ratio in past twelve months was calculated as 1.92 and price to cash ratio as 5.68. Micron Technology, Inc. (NASDAQ:MU) showed a positive weekly performance of 10.29%.

Facebook Inc. (NASDAQ:FB) is apparently ready to launch an eternally anticipated Ad Network to challenge Google’s advertisement business. According to multiple sources familiar with the matter, the online social media giant is set to unveil its ad network, primarily focused on mobile traffic, at its upcoming “F8” developer conference scheduled for April 30 in San Francisco. Facebook Inc (NASDAQ:FB) shares fell -1.31% in last trading session and ended the day on $58.94. FB return on equity ratio is recorded as 11.30% and its return on assets is 9.40%. Facebook Inc (NASDAQ:FB) yearly performance is 129.43%.

The Wall Street Journal reports that networking giants, Cisco Systems, Inc. (NASDAQ:CSCO) are planning to invest $1 billion in cloud computing services, over the next two years. The last couple of years has seen the trend of a shift to everything cloud, in the IT services. Cisco Systems, Inc. (NASDAQ:CSCO) shares moved up 0.78% in last trading session and was closed at $23.21 while trading in range of $22.78 – $23.29 – Cisco Systems, Inc. (NASDAQ:CSCO) year to date (YTD) performance is 5.17%.

General Electric, Company (NYSE:GE) an electronics company, have been working hard in order to help Leighton-based charity KidsOut who support children in local refuges who have been affected by domestic violence. General Electric Company (NYSE:GE) weekly performance is 3.83%. On last trading day company shares ended up $26.56. General Electric Company (NYSE:GE) distance from 50-day simple moving average (SMA50) is 4.05%. Analysts mean target price for the company is $28.73.

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