The new $1 billion investment in cloud computing disclosed by Cisco Systems, Inc. (NASDAQ:CSCO) is part of the response by corporate America and companies around the world to secure their data in the face of the spying activities of the NSA. The need for data security has created opportunities that Cisco wants to leverage. Cisco Systems, Inc. (NASDAQ:CSCO) shares after opening at $22.44 moved to $22.69 on last trade day and at the end of the day closed at $22.32. Company price to sales ratio in past twelve months was calculated as 2.47 and price to cash ratio as 2.51.Cisco Systems, Inc. (NASDAQ:CSCO) showed a positive weekly performance of 3.19%.
March 21 U.S. lawmakers have asked for a briefing from Gilead Sciences, Inc. (NASDAQ:GILD) on the price of new hepatitis C drug Sovaldi. A letter to Gilead from Democrats in the House Energy & Commerce Committee asks for information on Sovaldi discounts to payors and patients. Gilead Sciences, Inc. (NASDAQ:GILD) shares fell -0.34% in last trading session and ended the day on $72.78. GILD return on equity ratio is recorded as 28.30% and its return on assets is 13.70%. Gilead Sciences, Inc. (NASDAQ:GILD) yearly performance is 59.05%.
Research analysts at Gilford Securities hoisted their price target on shares of GT Advanced Technologies (NASDAQ:GTAT) to $25.00 in a report released on Wednesday, Analyst Ratings News reports. The firm currently has a “buy” rating on the stock. Gilford Securities’ price objective would indicate a potential upside of 52.72% from the stock’s previous close. GT Advanced Technologies Inc (NASDAQ:GTAT) shares moved down -6.40% in last trading session and was closed at $16.37, while trading in range of $16.30-$17.61. GT Advanced Technologies Inc (NASDAQ:GTAT) year to date performance is 87.73%.
Shares of DISH Network Corp (NASDAQ:DISH) closed up 6.28% on about 15.2 million shares traded on Wednesday. The stock hit a new yearly high of $63.98 during intra-day trading. CEO Charlie Ergen recently contacted Mike White, the head of DirecTV (DTV), to discuss merging the 2 satellite TV companies according to Bloomberg News, citing unnamed sources. Both companies’ stocks surged in response. DISH Network Corp (NASDAQ:DISH) weekly performance is 0.24%. On last trading day company shares ended up $62.09. DISH Network Corp (NASDAQ:DISH) distance from 50-day simple moving average is 6.99%. Analysts mean target price for the company is $58.29.
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