International Business Machines Corp. (NYSE:IBM) yesterday announced that based on Gartner’s definition of the application infrastructure and middleware market, IBM has one again been named the worldwide market share leader, marking 13 consecutive years of sustained leadership. The rankings are based on total worldwide revenue for 2013. International Business Machines Corp. (NYSE:IBM) shares after opening at $193.12 moved to $195.13 on last trade day and at the end of the day closed at $194.50. Company price to sales ratio in past twelve months was calculated as 2.03 and price to cash ratio as 18.30. International Business Machines Corp. (NYSE:IBM) showed a negative weekly performance of -0.28%.
Salesforce.com, inc. (NYSE:CRM) moved to the 10th spot in market share, up from number 12, on the strength of a 33.3 percent growth rate in 2012-2013, the highest among the top 10. salesforce.com, inc. (NYSE:CRM) shares advanced 3.00% in last trading session and ended the day on $58.80. CRM return on equity ratio is recorded as -8.30% and its return on assets is -2.90%. salesforce.com, inc. (NYSE:CRM) yearly performance is 34.15%.
Cloud computing giant EMC Corporation (NYSE:EMC) has handed its North American PR duties to Access Communications, ending its eight-year relationship with the OutCast Agency. EMC Corporation (NYSE:EMC) shares moved up 1.39% in last trading session and was closed at $27.79, while trading in range of $27.48 – $27.80. EMC Corporation (NYSE:EMC) year to date (YTD) performance is 11.34%.
Key improvements and new features in chip technology developed by ARM Holdings plc (ADR) (NASDAQ:ARMH) prodded Canaccord Genuity analyst Matthew Ramsay on Tuesday to reiterate a buy rating and raise his stock price target to 60 from 55. ARM Holdings plc (ADR) (NASDAQ:ARMH) weekly performance is 6.41%. On last trading day company shares ended up $52.82. ARM Holdings plc (ADR) (NASDAQ:ARMH) distance from 50-day simple moving average (SMA50) is 9.77%. Analysts mean target price for the company is $53.35.
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