Tech Stocks on Investors' Radar -- Infosys, Vmware, VimpelCom, and Hortonworks
NEW YORK, August 5, 2016 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com looks at four Technology equities, namely: Infosys Ltd (NYSE: INFY), VMware Inc. (NYSE: VMW), VimpelCom Ltd (NASDAQ: VIP), and Hortonworks Inc. (NASDAQ: HDP). At the opening on Thursday, August 04, 2016, stocks in this sector were mixed as per NASDAQ. Learn more about these stocks by downloading their comprehensive and free reports at:
http://stock-callers.com/registration
Infosys
Bengaluru, India headquartered Infosys Ltd's shares dropped 1.59%, closing the session at $16.09. The stock recorded a trading volume of 7.03 million shares, which was above its three months average volume of 3.65 million shares. The Company's shares are trading 8.36% below their 200-day moving average. Additionally, shares of Infosys, which together with its subsidiaries, provide consulting, technology, and outsourcing services in North America, Europe, India, and internationally, have a Relative Strength Index (RSI) of 27.44.
On July 15th, 2016, Infosys reported revenues of $2,501 million for the quarter ended June 30, 2016, also posting growth of 10.9% in reported terms on y-o-y basis. The company's net profit was $511 million for the quarter ended June 30, 2016, which grew 7.4% on y-o-y basis.
On July 18th, 2016, research firm Nomura downgraded the Company's stock rating from 'Buy' to 'Neutral'. INFY complete research report is just a click away and free at:
http://stock-callers.com/registration/?symbol=INFY
Vmware
On Thursday, shares in Palo Alto, California headquartered VMware Inc. recorded a trading volume of 1.64 million shares. The stock saw a slight decline of 0.10%, ending the day at $70.33. The Company's shares have advanced 22.74% in the last month, 26.95% in the previous three months, and 24.32% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 11.54% and 24.50%, respectively. Furthermore, shares of VMware, which provides virtualization and cloud infrastructure solutions in the United States and internationally, have an RSI of 63.30.
On July 25th, 2016, VMware announced that leading analyst firm IDC has named VMware as the market share leader in both the worldwide cloud systems management and the datacenter automation software markets based on 2015 revenues. This is the third consecutive year that VMware has topped both categories.
On July 26th, 2016, research firm Citigroup downgraded the Company's stock rating from 'Buy' to 'Neutral'. The complimentary report on VMW can be downloaded at:
http://stock-callers.com/registration/?symbol=VMW
VimpelCom
Amsterdam, the Netherlands headquartered VimpelCom Ltd's stock finished the day 3.67% higher at $4.24. A total volume of 1.35 million shares was traded, which was above their three months average volume of 929,630 shares. The Company's shares have gained 6.27% in the last one month, 19.77% over the previous three months, and 29.27% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 9.22% and 16.10%, respectively. Additionally, shares of VimpelCom, which offers voice, data, and other telecommunication services through a range of traditional and broadband mobile and fixed line technologies, have an RSI of 61.48.
On August 04th, 2016, VimpelCom reported revenue grew 16% to $2.16 billion in Q2 2016. VimpelCom's earnings before interest, taxation, depreciation and amortization (EBITDA) declined 26% to $795 million. The company's net profit rose 29% to $138 million. Sign up for your complimentary research report on VIP at:
http://stock-callers.com/registration/?symbol=VIP
Hortonworks
Shares in Santa Clara, California headquartered Hortonworks Inc. ended yesterday's session 0.47% lower at $12.63. The stock recorded a trading volume of 1.29 million shares, which was higher than its three months average volume of 711,600 shares. The Company's shares have advanced 23.82% in the last one month and 11.97% in the previous three months. The stock is trading 12.08% above its 50-day moving average. Moreover, shares of Hortonworks, which focuses on the development, distribution, and support of Hadoop open source project in the United States and internationally, have an RSI of 64.85.
On July 11th, 2016, research firm DA Davidson upgraded the Company's stock rating from 'Neutral' to 'Buy', issuing a target price of $13 per share.
On August 04th, 2016, Hortonworks announced that its total GAAP revenue was $43.6 million for Q2 2016, increasing by 46% as compared to Q2 2015. The company noted that operating billings were $62.2 million for Q2 2016, an increase of 49% compared to Q2 2015. Hortonworks posted GAAP net loss for Q2 2016 of $64.2 million, or $1.12 per basic and diluted share, compared to a net loss of $43.0 million, or $1.01 per basic and diluted share, in Q2 2015. Get free access to your research report on HDP at:
http://stock-callers.com/registration/?symbol=HDP
--
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article