Market Movers: VMware (NYSE:VMW), Marvell Technology Group (NASDAQ:MRVL), Comcast Corporation (NASDAQ:CMCSA), Vitesse Semiconductor (NASDAQ:VTSS), Fujitsu Limited (ADR) (OTCMKTS:FJTSY)

Posted by on Jun 20, 2014

Lynch considers California-based VMware Inc. (NYSE:VMW) to be Metacloud’s chief competition. Other companies in the space include San Antonio-based Rackspace Hosting Inc. (NYSE: RAX), 99Cloud and AMAX Information Technologies, according to the 451 Research Group. Just this week, North Carolina-based Red Hat Inc. (NYSE: RHT) reached an agreement to acquire Paris-based OpenStack provider eNovance for $95 million. VMware, Inc. (NYSE:VMW) net profit margin is 19.30% and weekly performance is 0.23%. On last trading day company shares ended up $94.33. Analysts mean target price for the company is $110.33. VMware, Inc. (NYSE:VMW) distance from 50-day simple moving average (SMA50) is -2.22%.

Marvell Technology Group Ltd (NASDAQ:MRVL) was downgraded by research analysts at Susquehanna from a “positive” rating to a “neutral” rating in a report released on Friday, reports. They currently have a $16.00 price target on the stock, down from their previous price target of $19.00. Susquehanna’s price objective suggests a potential upside of 9.66% from the company’s current price. Marvell Technology Group Ltd. (NASDAQ:MRVL) shares fell -0.54% in last trading session and ended the day on $14.70. MRVL Gross Margin is 49.80% and its return on assets is 6.00%.  Marvell Technology Group Ltd. (NASDAQ:MRVL) quarterly performance is -8.75%.

Comcast Corporation (NASDAQ:CMCSA) is reportedly testing caps for its broadband internet customers with a view of limiting them to 300GB per month. The company has already started open trials for its home broadband data caps in several key markets around the country. Comcast plans to limit residential customers using the Xfinity internet service to 300GB per month with a set provision of being required to pay $10 for each extra 50GB used. Comcast Corporation (NASDAQ:CMCSA) shares moved up 0.53% in last trading session and was closed at $52.94, while trading in range of $52.50 – $52.96. Comcast Corporation

(NASDAQ:CMCSA) year to date (YTD) performance is 2.34%.

Vitesse Semiconductor (NASDAQ:VTSS) major shareholder William C. Martin bought 1,600,000 shares of Vitesse Semiconductor stock on the open market in a transaction dated Thursday, June 12th. The stock was purchased at an average cost of $3.35 per share, for a total transaction of $5,360,000.00. Vitesse Semiconductor (NASDAQ:VTSS) ended the last trading day at $3.46. Company weekly volatility is calculated as 3.93% and price to cash ratio as 4.75. Vitesse Semiconductor (NASDAQ:VTSS) showed a positive weekly performance of 2.06%.

Fujitsu Limited (ADR) (OTCMKTS:FJTSY) on 17 June 2014 announced the simultaneous worldwide release of two new models in its FUJITSU PC LIFEBOOK E Series of laptops. Both of these models are uniformly designed for global enterprise customers and come equipped with the latest Windows 8.1 Pro operating system. Worldwide sales of the models begin today. Fujitsu Limited (ADR) (OTCMKTS:FJTSY) on last trading day company shares ended up $36.41.

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