Adi Soffer Teeni has been named as Facebook Inc (NASDAQ:FB) ‘s general manager for Israel, the Wall Street Journal reports. Teeni is currently executive chairman of Ginger Software. Facebook Inc (NASDAQ:FB) shares after opening at $68.18 on last trade day and at the end of the day closed at $68.74. Company price to sales ratio in past twelve months was calculated as 21.46 and price to cash ratio as 14.76. Facebook Inc (NASDAQ:FB) showed a negative weekly performance of -4.57%.
Russia’s search giant Yandex NV (NASDAQ:YNDX), which is increasingly rolling into new areas as a way to continue expanding its business, has made a small acquisition — to the tune of “several million euros” — focused on mobile location services. It’s picking up Israel’s KitLocate, a maker of low-power mobile geolocation technology Yandex NV (NASDAQ:YNDX) shares fell -1.25% in last trading session and ended the day on $30.01. YNDX return on equity ratio is recorded as 31.70% and its return on assets is 27.00%. Yandex NV (NASDAQ:YNDX) yearly performance is 27.32%.
Cowen and Company lowered shares of VeriSign (NASDAQ:VRSN) from an outperform rating to a market perform rating in a report released on Monday, TheFlyOnTheWall.com reports. Cowen and Company currently has $49.00 price objective on the stock, down from their previous price objective of $63.00. Verisign, Inc. (NASDAQ:VRSN) shares moved down -578% in last trading session and was closed at $51.68, while trading in range of $48.55 – $52.00. Verisign, Inc. (NASDAQ:VRSN) year to date (YTD) performance is -13.55%.
Yahoo! Inc. (NASDAQ:YHOO) is getting another lift from its stake China’s Alibaba Group, a thriving Internet company that has helped mask Yahoo’s own financial funk. Investors latched on to Yahoo Monday in anticipation of a huge windfall from Alibaba’s initial public offering of stock later this year. Alibaba triggered the latest wave of excitement about its forthcoming IPO with a Sunday announcement of its intention to list its stock on a U.S. exchange instead of in Hong Kong. The precise timing of the IPO is still unclear, although the documents for the filing are expected to be filed within the next six months. Yahoo! Inc. (NASDAQ:YHOO) weekly performance is 2.79%. On last trading day company shares ended up $39.11. Yahoo! Inc. (NASDAQ:YHOO) distance from 50-day simple moving average (SMA50) is 1.89%. Analysts mean target price for the company is $41.16.