Tech Stocks Edged Up: Yelp (NYSE:YELP), Pandora Media (NYSE:P), LinkedIn (NYSE:LNKD), salesforce.com (NYSE:CRM), Netflix (NASDAQ:NFLX), Yahoo (NASDAQ:YHOO), AMD

Although Yelp Inc. (NYSE:YELP) fourth-quarter loss was wider than the Zacks Consensus Estimate, it was narrower on a year-over-year basis. Revenues for the quarter surged 71.7%, primarily due to increases in active local business accounts. Moreover, increase in consumer engagement through Yelp mobile acted as a positive catalyst. Yelp Inc. (NYSE:YELP) shares after opening at $55.20 moved to $59.72 on last trade day and at the end of the day closed at $58.92. Company price to sales ratio in past twelve months was calculated as 18.09 and price to cash ratio as 10.81. Yelp Inc. (NYSE:YELP) showed a negative weekly performance of -13.75%.

Pandora Media Inc. (NYSE:P) has recently announced the results for the first quarter of this year. The first quarter for this leading Internet radio service provider ended on March 31, 2014. The President, Chairman and Chief Executive Officer of Pandora is quite delighted with the results of the company’s performance in this quarter. He says that Pandora aims at being a deep listener, at increasing leverage and at accelerating monetization. Pandora Media Inc. (NYSE:P) shares advanced 4.73% in last trading session and ended the day on $23.92. P return on equity ratio is recorded as -28.00% and its return on assets is -16.20%. Pandora Media Inc. (NYSE:P) yearly performance is 73.08%.

LinkedIn Corp (NYSE:LNKD) will come out with its first quarter results on Thursday, the company is expected to post strong numbers along with witnessing a double-digit growth in all the three business segments, according to a new research report from Cantor Fitzgerald, published on April 28, by analysts Youssef Squali, Naved Khan and Kip Paulson. LinkedIn Corp (NYSE:LNKD) shares moved up 3.49% in last trading session and was closed at $153.23, while trading in range of $144.02 – $154.65. LinkedIn Corp (NYSE:LNKD) year to date (YTD) performance is -29.33%.

 Salesforce.com (NYSE:CRM) announced that, for the second consecutive year, it has been named the #1 CRM software provider in Gartner Inc.’s latest worldwide CRM market share report, entitled “Market Share Analysis: Customer Relationship Management Software, Worldwide, 2013.” salesforce.com, Inc. (NYSE:CRM) weekly performance is -11.07%. On last trading day company shares ended up $50.76. salesforce.com, Inc. (NYSE:CRM) distance from 50-day simple moving average (SMA50) is -13.22%. Analysts mean target price for the company is $70.40.

Video streaming service Netflix Inc. (NASDAQ:NFLX) said it will pay Verizon Communications to help clear up some of the congestion that has been bogging down its service. Netflix, Inc. (NASDAQ:NFLX) shares after opening at $312.24 moved to $324.63 on last trade day and at the end of the day closed at $319.87. Company price to sales ratio in past twelve months was calculated as 4.15 and price to cash ratio as 11.49. Netflix, Inc. (NASDAQ:NFLX) showed a negative weekly performance of -14.22%.

One of the key players in social networking and IT sector, Yahoo! Inc. (NASDAQ:YHOO) is on a roll. It is undertaking the process of diversification and rapid acceleration of its business. After the release of its 1Q2014 results, it has expanded to new horizons to cater to new challenges of the industry. Yahoo! Inc. (NASDAQ:YHOO) shares advanced 5.41% in last trading session and ended the day on $35.83. YHOO return on equity ratio is recorded as 9.90% and its return on assets is 8.00%. Yahoo! Inc. (NASDAQ:YHOO) yearly performance is 46.66%.

Advanced Micro Devices, Inc. (NYSE:AMD) on Apr. 17 announced revenue for the first quarter of 2014 of $1.40 billion, operating income of $49 million and net loss of $20 million, or $0.03 per share. The company reported non-GAAP operating income of $66 million and non-GAAP net income of $12 million, or $0.02 per share. Advanced Micro Devices, Inc. (NYSE:AMD) shares moved up 1.77% in last trading session and was closed at $4.03, while trading in range of $3.96 – $4.03. Advanced Micro Devices, Inc. (NYSE:AMD) year to date (YTD) performance is 4.13%.

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