SolarCity Corp (NASDAQ:SCTY) the largest residential solar panel installer in the United States, said it would buy solar panel maker Silevo to drive down costs. SolarCity Corp (NASDAQ:SCTY) net profit margin is -19.70% and weekly performance is 31.19%. On last trading day company shares ended up $64.53. Analysts mean target price for the company is $80.50. SolarCity Corp (NASDAQ:SCTY) distance from 50-day simple moving average (SMA50) is 21.26%.
Oracle Corp is in talks to buy Micros Systems Inc. (NASDAQ:MCRS) which makes software for retailers and hotel chains, for more than $5 billion, Bloomberg reported citing people familiar with the matter. MICROS Systems, Inc. (NASDAQ:MCRS) shares advanced 14.94% in last trading session and ended the day on $66.33. MCRS gross Margin is 52.30% and its return on assets is 12.30%.MICROS Systems, Inc. (NASDAQ:MCRS) quarterly performance is 22.47%.
Oracle Corporation (NYSE:ORCL) is reportedly near a deal to acquire MICROS Systems, Inc. (NASDAQ:MCRS) for more than $5 billion, according to sources with Bloomberg. Oracle chief executive officer Larry Ellison is looking for ways to fight slower growth at the company and is adding software for hotels and restaurants. The two companies may fail to reach an agreement. Oracle Corporation (NYSE:ORCL) shares moved up 0.40% in last trading session and was closed at $42.32, while trading in range of $41.98 – $42.70. Oracle Corporation (NYSE:ORCL) year to date (YTD) performance is 11.28%.
Tesla Motors Inc. (NASDAQ:TSLA) is on the verge of winning its fight to sell its electric cars directly to the public in New Jersey, as the company says it is on track to start on its deliveries of its Model X electric sport utility vehicle next year. Tesla Motors Inc. (NASDAQ:TSLA) ended the last trading day at $231.67. Company weekly volatility is calculated as 4.81% and price to cash ratio as 11.13.Tesla Motors Inc. (NASDAQ:TSLA) showed a positive weekly performance of 14.52%.
Facebook Inc. (NASDAQ:FB) launched a smartphone app on Tuesday that will allow consumers to exchange disappearing photos and videos without requiring Facebook accounts, the Internet company’s latest effort to develop mobile services beyond its core social network. Facebook Inc. (NASDAQ:FB) net profit margin is 21.40% and weekly performance is -2.08%. On last trading day company shares ended up $64.40. Analysts mean target price for the company is $77.91. Facebook Inc. (NASDAQ:FB) distance from 50-day simple moving average (SMA50) is 6.23%.