In the world of tech, shares of Cisco Systems (NASDAQ:CSCO) were higher in early trading. Investors applauded a better-than-expected outlook from the company. The network equipment giant says it expects revenue for the current quarter to only decline between 1%-to-3%. Cisco Systems, Inc. (NASDAQ:CSCO) stock opened today at $24.27 and is currently trading at $24.38. The stock showed a negative weekly performance of -0.26%.
Gentiva Health Services Inc. (NASDAQ:GTIV) surged 64 percent after Kindred Healthcare Inc. offered to buy the company for about $1.6 billion including debt. Kindred offered to pay Gentiva holders $7 a share in cash and $7 a share in stock, and said it would be willing to pay all of it in cash. Gentiva rejected a takeover approach by Kindred on May 13. Gentiva Health Services, Inc. (NASDAQ:GTIV) stock opened at $13.90, in current trading session and currently is at $14.00, by gaining 63.93%. The 52 week range of $7.35 – $14.50. Company’s market capitalization is 515.78 million.
A Telstra and Ericsson (ADR) (NASDAQ:ERIC) trial of LTE Advance carrier aggregation technology that achieved 450Mbps download speeds will ensure the company keeps up with demand for mobile data. Ericsson (ADR) (NASDAQ:ERIC) stock is currently trading at $12.45. The EPS of the stock is 0.61. Company’s market capitalization is 41.16 billion.
Dragging the index lower, shares of Vodafone Group PLC (ADR) (NASDAQ:VOD) gave up 1.1% after Goldman Sachs removed the telecom firm from its pan-Europe buy list and cut the rating to neutral from buy. The analysts explained that recent press reports suggest that possible suitors for Vodafone are looking at other takeover opportunities, which lowers the M&A potential. Vodafone Group Plc (ADR) (NASDAQ:VOD) stock opened the session at $36.27, and now is at $36.22. The 52 week range of the Vodafone Group Plc (ADR) (NASDAQ:VOD) stock remained $35.01 – $72.55 and the day range was $36.19 – $36.33.
The leading application maker, Zynga Inc (NASDAQ:ZNGA) has launched a series of new platforms and applications for enhancing the consumer experience. Its latest game ‘Hit it Rich’ has gained momentum by getting access to a new platform of Google Play. Zynga Inc. (NASDAQ:ZNGA) stock opened today at $3.50 and is currently trading at $3.44. The stock showed a negative weekly performance of -1.12%.