Last month’s news that Facebook Inc (NASDAQ:FB) bought startup Oculus VR for $2 billion spurred many loud and often furious reactions from gamers and especially those who participated in the project’s initial Kickstarter. If you’re among those wondering what’s next for Oculus and haven’t been convinced by the written words of founder Palmer Luckey and others (including John Carmack and Sony’s Shuhei Yoshida), perhaps hearing them will make a difference. Reviewed.com tracked down Luckey at the PAX East event and got him on camera talking about Oculus and Facebook. Facebook Inc (NASDAQ:FB) shares after opening at $57.60 on last trade day and at the end of the day closed at $58.53. Company price to sales ratio in past twelve months was calculated as 19.06 and price to cash ratio as 13.11. Facebook Inc (NASDAQ:FB) showed a positive weekly performance of 3.14%.
Dimension Data, the $5.8 billion global ICT solutions and services provider, announced that it was awarded two global awards at Cisco Systems, Inc. (NASDAQ:CSCO)’s recent Partner Summit in Las Vegas, including Services Partner of the Year, and Capital Partner of the Year. The Americas, EMEAR, and Asia Pacific regions together scooped up 19 additional awards. Cisco Systems, Inc. (NASDAQ:CSCO) shares fell -0.84% in last trading session and ended the day on $22.46. CSCO return on equity ratio is recorded as 14.20% and its return on assets is 8.20%. Cisco Systems, Inc. (NASDAQ:CSCO) yearly performance is 7.52%.
Chip giant Intel Corporation (NASDAQ:INTC) continues to work through a challenge that most leading tech companies face at some point in their corporate lives – what do you do when your bread-and-butter market has fundamentally changed? Santa Clara, Calif.-based Intel’s efforts to engineer a second act have consumed considerable shareholder capital but have yet to show a lot for themselves, as the company’s fab efforts are still sub-scale and the company lags San Diego’s Qualcomm Inc. in the mobile world. Intel Corporation (NASDAQ:INTC) shares moved down -0.93% in last trading session and was closed at $26.18, while trading in range of $26.17 – $26.56. Intel Corporation (NASDAQ:INTC) year to date (YTD) performance is 1.83%.
ISI Group assumed coverage on shares of Micron Technology (NYSE:MU) in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm issued a strong-buy rating and a $30.00 price target on the stock. Micron Technology, Inc.(NASDAQ:MU) weekly performance is -6.42%. On last trading day company shares ended up $-2.54. Micron Technology, Inc.(NASDAQ:MU) distance from 50-day simple moving average (SMA50) is -11.89%. Analysts mean target price for the company is $28.00.