NASDAQ Stocks in news (CSCO, QCOM, YHOO)

Stock price of Cisco systems, Inc (NASDAQ: CSCO) was up by 2.47% in the morning trade. The stock was trading at $23.66 up by 57 cents with a volume of 19 million shares compared to an average volume of 57 million shares. The stock witnessed an intraday high of $23.75 and an intraday low of $23.09. The stock has gained 9 cents or 0.4 percent in last one month after its rating was upgraded from ‘hold’ to ‘buy’ by Auriga U.S.A. The stock is trading above its 20-day moving average but below its 50-day and its 200-day moving averages. The company is stated to announce its fiscal Q4 earnings on 11^th August, 2010. Last checked, stock was trading at $23.71 up by 61 cents.

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Stock price of wireless telecommunications research and development company Qualcomm, Inc (NASDAQ: QCOM) was up by 2.74% and is currently trading at $36.93. The stock touched an intraday high of $36.98 and an intraday low of $35.98. The stock has crossed its 50-day moving average of $35.50 which is clearly a sign of strength for the investors. The stock is trading with a volume of 10 million shares compared to an average volume of 19 million shares. The company announced that its mobile television platform FLO TV has failed to meet the expectations and may be sold in the coming months. Last checked, the stock was trading at $36.93 up by 1$.

Stock price of online media company Yahoo! Inc (NASDAQ: YHOO) tumbled by 1.10% in the morning trade and was trading at $15.36. The stock witnessed an intraday low of $15.29 and an intraday high of $15.39. The stock is trading with a volume of 4 million shares compared to an average volume of 20 million shares on the exchange. The stock is having a market capitalization of $21.27 billion. Recently, stock has crossed its 50-day moving average which may be a buying opportunity for the investors. In last one year stock has witnessed a low of $13.75 and a high of $19.12. Goldman Sachs (NYSE: GS) is bullish on the company and expect its revenue to be much more than guidance provided by the company. Last checked, stock was trading at $15.33.

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