Oracle Corporation (NYSE:ORCL) announced that it has entered into an agreement to acquire Corente, a leading provider of software-defined networking (SDN) technology for wide area networks (WANs). Oracle Corporation (NYSE:ORCL) stock opened at $37.66 in last session, and closed at $37.85, while the day range of ORCL stock is $37.50 – $37.93. The stock showed a negative weekly performance of -0.05%.
Groupon Inc (NASDAQ:GRPN) has embarked on an aggressive acquisition strategy in the last six months. Acquisitions can help the company grow inorganically by adding either suppliers or customers; lead to synergies in operations or even blunt competition but on the downside can hurt a company if cash flows are not factored in. Groupon Inc (NASDAQ:GRPN) stock opened at $12.05, in last session and closed at $ 11.88, by losing -0.08%. The 52 week range of the stock is $4.24 – $12.76. Company’s market capitalization is $7.93 billion.
Broadcom Corporation (NASDAQ:BRCM) announced a new Outdoor Unit (ODU) satellite chipset that enables operators to deliver a wider range of services to more subscribers without additional satellite dish installations. Broadcom Corporation (NASDAQ:BRCM) stock advanced 0.45% and finished the last session at $29.20. The EPS of the stock remained 0.87. Company’s market capitalization is $18.05 billion.
Apple Inc. (NASDAQ:AAPL) is having issues building its long-awaited smartwatch, according to The Information. Screen technology, battery problems and bumps in manufacturing are said to be delaying wearable device, at a time when almost every other technology company on the market has released its own fitness tracker or smartwatch. Apple Inc. (NASDAQ:AAPL) stock opened the session at $544.32, and closed the session at $540.04. The 52 week range of the stock remained $385.10 – $575.14 and the day range was $537.92 – $545.96.