Facebook Inc (NASDAQ:FB) is not relaxing its hugely impressive performance where ads are concerned. The company managed to turn its fortunes around when it decided to focus more on mobile ads, during the post-IPO period. The company has now issued its latest quarterly results, in which it is clear that its decision to lay special emphasis on ads posted on mobile devices was one that it will continue benefiting from for a long time to come. During the last quarter, FB announced that more than 50 percent of all its ad revenue came from mobile devices. Facebook Inc. (NASDAQ:FB) stock advanced 2.44% and finished the last session at $62.57. The EPS of the stock remained 0.59. Company’s market capitalization is $153.60 billion.
Cisco Systems, Inc. (NASDAQ:CSCO) was downgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. Cisco Systems, Inc. (NASDAQ:CSCO) stock opened at $21.61 in last trading session and closed at $21.91. The 52 week range of the stock is $19.98 – $26.49 and the day range was $21.61 – $21.99.
Zacks restated their neutral rating on shares of EMC Corp. (NYSE:EMC) in a report released on Thursday, AR Network reports. Zacks currently has a $26.00 price objective on the stock. EMC Corporation (NYSE:EMC) shares closed at $24.24 on last trade day, by losing -1.54%. Stock 52 week range is $21.45 – $27.34. Company’s market capitalization is $48.96 billion.
Verizon Communications Inc. (NYSE:VZ) this week demonstrated LTE Multicast, its new technology to broadcast live video over its cellular data network. Inside a tent at Bryant Park in Manhattan, the company installed antennas to create a small network where people can watch the Super Bowl on mobile smartphones and tablets on Sunday. Verizon Communications Inc. (NYSE:VZ) stock advanced 0.82% and finished the last session at $48.02. The EPS of the stock remained 4.00. Company’s market capitalization is $137.43 billion.
Micron Technology, Inc. (NASDAQ:MU) announced that it intends to offer, subject to market and other considerations, $500 million aggregate principal amount of senior notes due 2022 (the “Notes”) through an offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. Micron Technology, Inc. (NASDAQ:MU) stock opened at $23.10 in last trading session and closed at $23.04. The 52 week range of the stock is $7.54 – $24.50 and the day range was $23.00 – $23.50.
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