Trader Are Watching Tech Stocks – Corning Incorporated (NYSE:GLW), J.C. Penney (NYSE:JCP), Fidelity National Information Services (NYSE:FIS), Virtusa Corporation (NASDAQ:VRTU)

Posted by on Feb 07, 2014

If you drill down a little into Corning Incorporated (NYSE:GLW)’s recent fourth-quarter financial report, you might think the company has achieved the balance it has been seeking for the last decade. After all, the formerly dominant Display Products business accounted for only 32 percent of the company’s fourth-quarter revenue last year. Corning Incorporated (NYSE:GLW) stock closed at $18.08 in last trading session, and 52-week range was $12.11 – $19.12. The stock showed a positive weekly performance of 4.03%.

J.C. Penney Company, Inc.(NYSE:JCP) fourth quarter same sales estimates did not reach analysts’ estimates resulting the steepest decline over a period of more than four months. The company’s biggest fall since Sept 27 was reported as it closed at $5.08 in trading at New York yesterday. The shares fell 11% making it loose by 74% in one year. J.C. Penney Company, Inc.(NYSE:JCP) shares closed at $5.66 on last trade day. Stock 52 week range is $4.90 – $23.10. Company’s market capitalization is $1.72 billion.

Fidelity National Information Services (NYSE:FIS) released its earnings data on Tuesday. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by $0.02, Analyst Ratings.Net reports. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Fidelity National Information Services (NYSE:FIS) stock finished the last session at $52.48. The EPS of the stock remained 1.90. Company’s market capitalization is $15.33 billion.

Virtusa Corp (NASDAQ:VRTU) President Raj Rajgopal sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $34.10, for a total value of $119,350.00. Following the completion of the sale, the president now directly owns 97,334 shares of the company’s stock, valued at approximately $3,319,089. Virtusa Corporation (NASDAQ:VRTU) stock closed at $35.40 in last trading session. The 52 week range of the stock is $20.04 – $38.49.

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