Apple Inc. (NASDAQ:AAPL) shares edged up 0.3% in premarket trading after it announced on Wednesday it will buy music streaming and audio equipment company Beats for about $3 billion and bring its founders, recording mogul Jimmy Iovine and rapper Dr. Dre, into Apple’s ranks. Apple Inc. (NASDAQ:AAPL) net profit margin is 21.40% and weekly performance is 3.19%. On last trading day company shares ended up $624.01. Analysts mean target price for the company is $628.33. Apple Inc. (NASDAQ:AAPL) distance from 50-day simple moving average (SMA50) is 11.79%.
Tessera Technologies, Inc. (NASDAQ:TSRA) announced that Tom Lacey, chief executive officer, and Robert Andersen, chief financial officer, will participate in the Bank of America Merrill Lynch 2014 Global Technology Conference on Tuesday, June 3, 2014 at The Ritz-Carlton Hotel in San Francisco. Tessera Technologies, Inc. (NASDAQ:TSRA) shares fell -0.70% in last trading session and ended the day on $22.81. Its return on assets is -22.10%. Tessera Technologies, Inc. (NASDAQ:TSRA) quarterly performance is 13.71%.
On May 13, Omeros Corporation (NASDAQ:OMER) said it’s getting ready for a launch this year of its eye-surgery drug Omidria. The Seattle company (NASDAQ: OMER) reported first-quarter operating expenses of $15.8 million that were primarily related to preparing for expected U.S. commercial launch of Omidria. Omeros Corporation (NASDAQ:OMER) shares moved down – 1.70% in last trading session and was closed at $11.55, while trading in range of $11.33 – $11.84. Omeros Corporation (NASDAQ:OMER) year to date (YTD) performance is 2.30%.
Abercrombie & Fitch Co. (NYSE:ANF) the casual apparel retailer, is slated to report its first-quarter fiscal 2014 results before the opening bell on May 29. In the previous quarter, Abercrombie & Fitch recorded a positive earnings surprise of 28.9%. Let’s see how things are shaping up for this announcement. Abercrombie & Fitch Co. (NYSE:ANF) ended the last trading day at $35.12. Company weekly volatility is calculated as 3.56% and price to cash ratio as 4.26. Abercrombie & Fitch Co. (NYSE:ANF) showed a negative weekly performance of -5.52%.
Palo Alto Networks Inc. (NYSE:PANW) shares rallied in the extended session Wednesday after the cybersecurity company’s fiscal third-quarter results topped Wall Street estimates. Palo Alto Networks Inc (NYSE:PANW) net profit margin is -14.70% and weekly performance is 10.30%. On last trading day company shares ended up $69.51. Analysts mean target price for the company is $84.07. Palo Alto Networks Inc (NYSE:PANW) distance from 50-day simple moving average (SMA50) is 3.59%.