On Jun 9, 2014, Demonstrating its market expertise and growing partner value, Ingram Micro Inc. (NYSE:IM), the world’s largest wholesale technology distributor and a global leader in supply-chain and mobile device lifecycle services, announced it has been named North American Distributor of the Year byEMC Corporation (NYSE:EMC), a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service. EMC Corporation (NYSE:EMC) net profit margin is 11.60% and weekly performance is 2.13%. On last trading day company shares ended up $26.89. Analysts mean target price for the company is $30.04. EMC Corporation (NYSE:EMC) distance from 50-day simple moving average (SMA50) is 1.85%.
Jun 10, 2014, Brocade Communications Systems, Inc (NASDAQ:BRCD) unveiled the Brocade® Vyatta® Platform, the first phase of a multiyear strategy that delivers an open and modular networking platform for cloud and telecommunications service providers. Supporting the build-out of Application and Subscriber Clouds, the Brocade Vyatta Platform is the industry’s first articulation of this open strategy. Brocade Communications Systems, Inc. (NASDAQ:BRCD) shares fell -0.44% in last trading session and ended the day on $9.11. Gross Margin is 65.00% and its return on assets is 7.00%. Brocade Communications Systems, Inc. (NASDAQ:BRCD) quarterly performance is -8.17%.
Fusion-IO, Inc. (NYSE:FIO) introduced a new flash storage platform, Atomic Series, which seeks to accelerate data driven applications manifolds. Fusion-IO, Inc. (NYSE:FIO)’s newest launch features breakthrough innovations which offer consummate performance which will ensure that data transmits seamlessly with increased velocity and enhanced efficiency. The platform provides twice the capacity on the tiniest available NAND footprint for server and appliance environments. Fusion-IO, Inc. (NYSE:FIO) shares moved up 2.94% in last trading session and was closed at $8.75, while trading in range of $8.50 – $8.81. Fusion-IO, Inc. (NYSE:FIO) year to date (YTD) performance is -1.80%.
Nimble Storage Inc (NYSE:NMBL) has launched new flash storage technology designed for use in virtualized data centers and cloud environments. It could help data center managers keep purchasing options open as two standards emerge, according to one independent market analyst. Nimble Storage Inc (NYSE:NMBL) ended the last trading day at $25.06. Company weekly volatility is calculated as 6.93% and price to cash ratio as 8.65. Nimble Storage Inc (NYSE:NMBL) showed a positive weekly performance of 5.43%.
Brean Capital reiterated their buy rating on shares of Seagate Technology PLC (NASDAQ:STX) in a research report sent to investors on Tuesday morning. The firm currently has a $70.00 price target on the stock. Seagate Technology PLC (NASDAQ:STX) net profit margin is 11.50% and weekly performance is 1.62%. On last trading day company shares ended up $54.54. Analysts mean target price for the company is $58.94. Seagate Technology PLC (NASDAQ:STX) distance from 50-day simple moving average (SMA50) is 2.25%.