Tech Stocks To Watch: Oracle Corporation (NYSE:ORCL), Nokia Corporation (ADR) (NYSE:NOK), SAP AG (ADR) (NYSE:SAP), Twitter Inc (NYSE:TWTR)

Posted by on Jun 20, 2014

Oracle Corporation (NYSE:ORCL), reported results for the fourth quarter of its 2014 fiscal year (4QFY14) after markets closed. The company reported revenues of $11.32 billion, missing analysts’ estimates of $11.5 billion. Oracle’s earnings per share (EPS) for the quarter came in at $0.92, 3.7% lower than the consensus estimate of $0.96. Oracle Corporation reported net income of $3.65 billion for the quarter, a 4.2% decline from the same period last year. The company cited foreign currency losses of 2 cents per share from fluctuation in the Venezuelan currency as the major reason for the decline in net income. Oracle Corporation (NYSE:ORCL), net profit margin is 29.30% and weekly performance is 1.21%. On last trading day company shares ended up $42.51. Analysts mean target price for the company is $43.10. Oracle Corporation (NYSE:ORCL),distance from 50-day simple moving average (SMA50) is 3.04%.    

Nokia Corporation (ADR) (NYSE:NOK), said the mandatory redemption of EUR800 million ($1.09 billion) of senior notes issued in March 2013 by Nokia Solutions and Networks Finance B.V., the finance company of its Networks business formerly known as NSN, was completed. Nokia Corporation (ADR) (NYSE:NOK), fell 2.04% in last trading session and ended the day on $7.81. NOK, Gross Margin is 42.10% and its return on assets is -4.50%. Nokia Corporation (ADR) (NYSE:NOK), quarterly performance is 11.89%.

SAP AG (ADR) (NYSE:SAP), has received a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the company, AnalystRatingsNetwork reports

. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $77.66. SAP AG (ADR) (NYSE:SAP), shares moved up 0.14% in last trading session and was closed at $78.31, while trading in range of $78.19 – 78.80. SAP AG (ADR) (NYSE:SAP), year to date (YTD) performance is -8.46%.

Twitter Inc (NYSE:TWTR), has agreed to acquire cloud-based live-video platform, SnappyTV, for an undisclosed price. The acquisition is in line with Twitter’s strategy to invest in the video arena. SnappyTV will enable the microblogging service to give users access to real-time videos on its platform. Twitter Inc (NYSE:TWTR), ended the last trading day at $38.90. Company weekly volatility is calculated as 3.46% and price to cash ratio as 10.54. Twitter Inc (NYSE:TWTR), showed a positive weekly performance of 5.74%.

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