Stocks Touching New Low: Google (NASDAQ:GOOG), Veeva Systems (NYSE:VEEV), Rally Software Development (NYSE:RALY), Ruckus Wireless (NYSE:RKUS)

Posted by on Apr 14, 2014

Google Inc (NASDAQ:GOOG) owned Android OS is the most dominant OS in the world running on 80% of all handheld devices. The latest version of Android, named KitKat, was released last year along with the LG Nexus 5 smartphone and Nexus 7 tablet. Adoption of the new OS has been slow at best, with just 5.3% of all Android devices running on it, since its release almost six months ago. This lack of adoption is a worry for Google, as it means several app developers will need to downgrade their apps to be compatible across all the previous versions of Android. Google Inc (NASDAQ:GOOG) shares after opening at $532.55 on last trade day and at the end of the day closed at $530.60. Company price to sales ratio in past twelve months was calculated as 11.42 and price to cash ratio as 6.62. Google Inc (NASDAQ:GOOG)showed a positive/negative weekly performance of 0.58%.

Veeva Systems Inc (NYSE:VEEV) has been upgraded to “overweight” from “equalweight” at Morgan Stanley at a set price target of $40.Veeva Systems Inc (NYSE:VEEV) shares fell -5.85% in last trading session and ended the day on $21.90. VEEV return on equity ratio is recorded as 7.10% and its return on assets is 4.80%.

Analysts at JMP Securities dropped their price target on shares of Rally Software Development Corp (NASDAQ:RALY) from $32.00 to $28.00 in a research report issued to clients and investors on Monday, Analyst Ratings Network reports. JMP Securities’ price objective would indicate a potential upside of 117.56% from the company’s current price. Rally Software Development Corp (NYSE:RALY) shares moved down -0.08% in last trading session and was closed at $12.31, while trading in range of $11.80 – $12.55. Rally Software Development Corp (NYSE:RALY) year to date (YTD) performance is -36.71%.

On April 7, 2014 Ruckus Wireless Inc (NYSE:RKUS) announced that the company will hold a conference call on April 30, 2014 at 2:00 p.m. Pacific Daylight Time to discuss its first quarter 2014 financial results. Ruckus Wireless Inc (NYSE:RKUS) weekly performance is -9.33%. On last trading day company shares ended up $10.11. Ruckus Wireless Inc (NYSE:RKUS) distance from 50-day simple moving average (SMA50) is -23.24%. Analysts mean target price for the company is $16.31.

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