Tech Bearish Stocks: 2U Inc (NASDAQ:TWOU), Ubic Inc (ADR) (NASDAQ:UBIC), Rackspace Hosting (NYSE:RAX), Aerohive Networks Inc (NYSE:HIVE), The Rubicon Project Inc (NYSE:RUBI)

2U, Inc. (NASDAQ: TWOU), a leading provider of cloud-based software-as-a-service solutions for leading nonprofit colleges and universities to deliver high-quality education to qualified students anywhere, announced that 2U CEO and co-founder Chip Paucek will speak at the 2014 Goldman Sachs — Harvard University Global Education Conference on June 18, 2014 at 2:30 pm Eastern Time in the Memorial Hall at Harvard University in Cambridge, Massachusetts. 2U Inc (NASDAQ:TWOU) shares after opening at $16.64 moved to $16.77 on last trade day and at the end of the day closed at $15.47. Company price to sales ratio in past twelve months was calculated as 9.22 and price to cash ratio as 109.13. 2U Inc (NASDAQ:TWOU) showed a positive weekly performance of 4.60%.

UBIC, Inc. (Nasdaq:UBIC) (TSE:2158), a leading provider of international litigation support and big-data analysis services, announced that its Payment Card Forensics, Inc. (PCF) subsidiary launched a new service to train and qualify information technology (IT) engineers in the latest e-commerce site security protocols, including the recognized industry standard known as the Payment Card Industry Data Security Standard or PCI DSS. Ubic Inc (ADR) (NASDAQ:UBIC) shares fell -6.99% in last trading session and ended the day on $13.70. Ubic Inc (ADR) (NASDAQ:UBIC) yearly performance is 126.45%.

Rackspace Hosting (NYSE:RAX) has earned a consensus recommendation of “Hold” from the twenty brokerages that are currently covering the stock. Three analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and seven have assigned a buy recommendation to the company. Rackspace Hosting, Inc. (NYSE:RAX) shares moved down -7.30% in last trading session and was closed at $33.63, while trading in range of $33.16-$36.88. Rackspace Hosting, Inc. (NYSE:RAX) year to date performance is -14.06%.

Shares of Aerohive Networks (NASDAQ:HIVE) have received a consensus recommendation of “Buy” from the eight analysts that are covering the company. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. One Aerohive Networks Inc (NYSE:HIVE) weekly performance is -8.72%. On last trading day company shares ended up $8.17. Aerohive Networks Inc (NYSE:HIVE) distance from 50-day simple moving average is -15.58%. Analysts mean target price for the company is $13.60.

Rubicon Project (NYSE: RUBI), which operates one of the industry’s largest independent real-time trading platforms for the buying and selling of advertising, and Merkle, a leading technology enabled, data-driven customer relationship marketing (CRM) firm, today unveiled a ground-breaking capability for buyers and sellers of advertising to engage digital consumers in a pioneering way. The Rubicon Project Inc (NYSE:RUBI) shares after opening at $14.39 moved to $14.40 on last trade day and at the end of the day closed at $13.26. Company price to sales ratio in past twelve months was calculated as 5.46 and price to cash ratio as 19.41. The Rubicon Project Inc (NYSE:RUBI) showed a negative weekly performance of -0.82%.