Chief Executive Officer Meg Whitman, still struggling to turn around Hewlett-Packard Company (NYSE:HPQ) , is opting for more job cuts, a move that boosted shares the most in six months. After reporting an 11th straight quarter of declining sales, Whitman is propping up profit by paring as many as 16,000 more employees, on top of 34,000 already announced. While she has stabilized Hewlett-Packard after years of management upheaval and presided over a 48 percent share climb since taking over in 2011, the company is facing its third straight drop in annual revenue. Hewlett-Packard Company (NYSE:HPQ) weekly performance is 3.69%. On last trading day company shares ended up $33.72. Analysts mean target price for the company is $34.11. Hewlett-Packard Company (NYSE:HPQ) distance from 50-day simple moving average (SMA50) is 4.76%.
Cray Inc (NASDAQ:CRAY) CEO Peter J. Ungaro sold 150,000 shares of Cray stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $26.73, for a total value of $4,009,500.00. Following the completion of the sale, the chief executive officer now directly owns 302,450 shares of the company’s stock, valued at approximately $8,084,489. Cray Inc. (NASDAQ:CRAY) shares advanced 3.20% in last trading session and ended the day on $28.07. Gross Margin is 35.50% and its return on assets is 4.90%. Cray Inc. (NASDAQ:CRAY) quarterly performance is -20.12%.
Emphasizing Meezan Bank’s commitment to the environment, Diebold Inc (NYSE:DBD) and Diebold distributor TouchPoint Limited are deploying 50 energy-efficient Diebold 429 automated teller machines (ATMs) for Pakistan’s first and largest Islamic commercial bank. The world’s greenest ATM, the Diebold 429 is the first energy-efficient ATM deployed in Pakistan. It operates on as little as 70 watts of power and features an intelligent-powered management system that counteracts unreliable power availability to enhance ATM uptime for Meezan Bank’s customers. Diebold Inc (NYSE:DBD) shares moved up 1.37% in last trading session and was closed at $37.68, while trading in range of $37.02 – $37.70. Diebold Inc (NYSE:DBD) year to date (YTD) performance is 15.94%.
Silicon Graphics International Corp (NASDAQ:SGI) the trusted leader in high performance computing and Big Data, announced that it will present at the Cowen and Company Technology Media and Telecom Conference, to be held at the New York Palace Hotel in New York on Wednesday, May 28 at 8:45 am Eastern Time. Silicon Graphics International Corp (NASDAQ:SGI) ended the last trading day at $9.09. Company weekly volatility is calculated as 3.16% and price to cash ratio as 4.13. Silicon Graphics In,ternational Corp (NASDAQ:SGI) showed a positive weekly performance of 4.36%.