Tech Sector Gainers: SolarCity Corp (NASDAQ:SCTY), Microsoft Corporation (NASDAQ:MSFT), Yandex NV (NASDAQ:YNDX), InvenSense Inc (NYSE:INVN)

SolarCity Corp (NASDAQ:SCTY) has delayed its fourth quarter earnings not once, but twice. The solar system maker was initially scheduled to report its Q4 results on Feb. 22. But that was delayed due to accounting issues related to recent acquisitions. SolarCity later discovered another accounting error in calculating overhead expenses. SolarCity Corp (NASDAQ:SCTY) stock opened today at $74.74 and is currently trading at $76.85. The stock showed a positive weekly performance of -2.58%.

Microsoft Corporation (NASDAQ:MSFT) CEO Satya Nadella will make his first appearance before the press next week, and people familiar with his plans say he will use the opportunity to introduce Office for the iPad. The launch is a part of Nadella’s “mobile first, cloud first” strategy. Microsoft Corporation (NASDAQ:MSFT) stock opened at $38.26, in current trading session and currently is at $32.11, by gaining 4.15%.The 52 week range of $27.81-$39.90.Company’s market capitalization is $328.29 billion.

Yandex (NASDAQ:YNDX) has earned a consensus rating of “Buy” from the fourteen brokerages that are covering the company, American Banking and Market News reports. Eleven analysts have rated the stock with a buy rating, The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $44.86.Yandex NV (NASDAQ:YNDX) stock is currently trading at $32.11.The EPS of the stock is 1.05. Company’s market capitalization is $11.18 billion.

InvenSense Inc (NYSE:INVN) was breaking away from the past in the last session. The stock was last seen trading at $22.25, having registered 8.11 percent gain. It was a day that INVN wrote new one-year high on its stock at $22.46. Through the day, the stock touched a low of $20.57. The estimates around INVN have been adjusted in the last 7 days. Investment experts at Topeka Capital Market raised their price target on the stock to $25 from $21 in their note published Tuesday. InvenSense Inc (NYSE:INVN) stock opened the session at 22.88 , and now is at $23.61. The 52 week range of the INVN stock remained $9.09-$23.92 and the day range was $22.80-$23.69.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *