The string of revenue disappointments at International Business Machines Corp. (NYSE:IBM) has been concerning. The primary issue has been a $1.7 billion negative swing in hardware profits, but weak results raise questions regarding execution and secular pressures. International Business Machines Corp. (NYSE:IBM) stock opened at $188.35 in last session, and closed at $87.68, while the day range of IBM stock is $187.18-$188.92.The stock showed a positive weekly performance of 1.36%.
salesforce.com, inc. (NYSE:CRM) Insider Maria Martinez unloaded 77,783 shares of salesforce.com, inc. stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $63.14, for a total transaction of $4,911,218.62. Following the completion of the sale, the insider now directly owns 25,450 shares of the company’s stock, valued at approximately $1,606,913. salesforce.com, inc. (NYSE:CRM) stock opened at $63.20, in last session and closed at $60.74, by loosed -3.80%.The 52 week range was $36.09-$67.00.Company’s market capitalization is $37.06 billion.
The recent weakness in Cisco Systems, Inc. (NASDAQ:CSCO) shares present investors a buying opportunity as the networking gear maker is set for long-term growth opportunities in wireless telecom networks. These opportunities will act as a fillip to Cisco as major carriers look to upgrade their networks to cope with the potential surge in data traffic. Cisco Systems, Inc. (NASDAQ:CSCO) stock loosed -0.41% and finished the last session at $2.73. The EPS of the stock remained 1.51.Company’s market capitalization is $111.94 billion.
United Online, Inc. (NASDAQ:UNTD) was the target of a large decrease in short interest in January. As of February 14th, there was short interest totalling 938,316 shares, a decrease of 24.0% from the January 31st total of 1,234,052 shares, American Banking & Market News reports. Based on an average daily volume of 646,632 shares, the days-to-cover ratio is presently 1.5 days. Approximately 7.3% of the shares of the stock are sold short. United Online, Inc. (NASDAQ:UNTD) stock opened the session at $11.29, and closed the session at $11.07. The 52 week range of the UNTD stock remained $9.20-$62.30 and the day range was $10.93-$11.36.