Dallas 10/28/2010 11:21:01 PM
News / Business

Tech Stocks Jumped (SYMC, CTV, MSFT, AMD)

Tech Stocks

Symantec Corporation (NASDAQ:SYMC) advanced 4.11% to $16.45. Late Wednesday, the company said it earned 34 cents a share on revenue of $1.48 billion in its third-quarter, ahead of analysts’ estimates of 28 cents a share and revenue of $1.46 billion.

The company sees to earn $0.32 to $0.33 a share in its fourth quarter, ahead of consensus of 32 cents a share.

The company has Price/Sales ratio of 2.08. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $15.23 and $14.89 respectively. At current market price, the market capitalization of the company stands at $12.98 billion.

CommScope, Inc. (NYSE:CTV) added 0.32% to $31.51. This week, the company confirmed that it was in talks that could lead the Washington private-equity firm Carlyle Group to buy it for $31.50 a share.

So far, the market capitalization of the company stands at $2.98 billion. The stock went up more than 18% year-to-date.

Microsoft Corporation (NASDAQ:MSFT) jumped 0.27% to $26.12. The company is set to report earnings for the fiscal first-quarter Thursday after the market closes. Analysts surveyed by Thomson Reuters forecast net income of 55 cents per share on $15.8 billion in revenue.

The stock went down more than 15% year-to-date.

Advanced Micro Devices, Inc. (NYSE:AMD) rose 2.93% to $7.57. Over the past 52-week, the stock traded within the range of $4.33-$10.24.

The company has Price/Sales ratio of 0.81. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $6.72 and $7.64 respectively. At current market price, the market capitalization of the company stands at $5.10 billion.


About Penny Stock Pick Report


Penny Stock Pick Report offers stock newsletter on OTC, PINKSHEETS ,OTCBB, AMEX, NASDAQ and NYSE stock exchange. Our subscribers receive daily up to date stock information on top stocks, most active movers, top gainers, penny stocks and much more. If you wish to feature your organization on our website then you can contact us at the email given below.