Tech Stocks Touching New Highs: VMware (NYSE:VMW), Globalstar (OTCMKTS:GSAT), Spansion (NYSE:CODE), Palo Alto Networks (NYSE:PANW)

VMware Inc. (NYSE:VMW) announced the general availability of VMware Virtual SAN, VMware’s first Software-Defined Storage product. VMware, Inc. (NYSE:VMW) shares after opening at $106.83 moved to $110.00 on last trade day and at the end of the day closed at $109.74. Company price to sales ratio in past twelve months was calculated as 9.41 and price to cash ratio as 8.08. VMware, Inc. (NYSE:VMW) showed a positive weekly performance of 6.51%.

Globalstar, Inc. (OTCMKTS:GSAT) announced its financial results for the three-month and twelve-month periods ended December 31, 2013.Globalstar, Inc. (OTCMKTS:GSAT) shares fell -0.76% in last trading session and ended the day on $2.62. Globalstar, Inc. (OTCMKTS:GSAT) return on equity ratio is recorded as -24.53% and its return on assets is -9.03%. Globalstar, Inc. (OTCMKTS:GSAT) yearly performance is 670.59%.

The United States District Court of Virginia issued two procedural orders, one dismissing Macronix’s case against Spansion Inc. (NYSE:CODE) with the failure to uphold the burden of proof required to prove the latter’s infringement; the second transferring the case to the Northern Distict of California, a move that would delay any decisions by at least a year. Spansion Inc. (NYSE:CODE) shares moved up 6.92% in last trading session and was closed at $17.45, while trading in range of $16.62 – $17.47. Spansion Inc. (NYSE:CODE) year to date (YTD) performance is 25.63%.

Mark McLaughlin, chief executive officer of Palo Alto Networks Inc., (NYSE:PANW) a Santa Clara, California-based computer security company, talks about the company’s business outlook, and global cyber security. Palo Alto Networks Inc. (NYSE:PANW) weekly performance is 0.32%. On last trading day company shares ended up $78.51. Palo Alto Networks Inc. (NYSE:PANW) distance from 50-day simple moving average (SMA50) is 17.69%. Analysts mean target price for the company is $82.55.

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