Facebook Inc (NASDAQ:FB) has denied it has plans to redesign the Oculus VR gaming console hardware, reports Re/code, contrary to a recent report from the New York Times. Facebook said it has no plans to rebrand the device with the Facebook logo and a Facebook interface. Facebook Inc (NASDAQ:FB) shares after opening at $64.74 on last trade day and at the end of the day closed at $60.38. Company price to sales ratio in past twelve months was calculated as 18.86 and price to cash ratio as 9.60. Facebook Inc (NASDAQ:FB) showed a positive weekly performance of -11.50%.
Instagram has overtaken Twitter Inc (NYSE:TWTR) to become more popular with US smartphone users, highlighting the rise of the Facebook-owned photo-sharing app as it begins to sell advertising. Twitter Inc (NYSE:TWTR) shares fell -7.21% in last trading session and ended the day on $44.43. TWTR return on equity ratio is recorded as -105.10% and its return on assets is -41.20%.
One stock that might be an intriguing choice for investors right now is Qihoo 360 Technology Co Ltd (NYSE:QIHU). This is because this security in the Internet Software/Services space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. Qihoo 360 Technology Co Ltd (NYSE:QIHU) shares moved down -7.96% in last trading session and was closed at $93.60, while trading in range of $ 92.52 – 103.55. Qihoo 360 Technology Co Ltd (NYSE:QIHU) year to date (YTD) performance is 14.08%.
The Russian government has dropped its American-made Apple Inc. (NASDAQ:AAPL) iPads in favor of Korean-made Samsung tablets. Apple Inc. (NASDAQ:AAPL) weekly performance is 1.60%. On last trading day company shares ended up $539.78. Apple Inc. (NASDAQ:AAPL) distance from 50-day simple moving average (SMA50) is 1.87%. Analysts mean target price for the company is $592.38.