Big Movers : Nabors Industries Ltd. (NYSE:NBR), Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), Colfax Corporation (NYSE:CFX), BlackBerry Ltd (NASDAQ:BBRY), DragonWave Inc. (NASDAQ:DRWI)

Technology Stocks News 17

Nabors Industries (NYSE:NBR) has earned an average rating of “Buy” from the twenty-three ratings firms that are presently covering the stock. Nabors Industries Ltd. (NYSE:NBR) belongs to Basic Materials sector. Its net profit margin is 2.40% and weekly performance is -8.14%. On last trading day company shares ended up $19.76. Nabors Industries Ltd. (NYSE:NBR) distance from 50-day simple moving average (SMA50) is -20.70%.

Taiwan’s major integrated circuit packaging and testing services providers are strengthening their high-tech processes to meet rising demand for applications in the Internet of Things (IoT), cloud technology and fourth generation (4G) telecom networks, market analysts said Friday. Since Taiwan Semiconductor Manufacturing Co. Limited (NYSE:TSM) has raised its efforts to develop the advanced 10 nanometer process to produce 64-bit chips, ASE, Siliconware and foreign rivals such as U.S.-based Amkor Technology Inc. are eyeing the new business, hoping to provide TSMC with their packaging and testing services, according to analysts. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares fell -0.63% in last trading session and ended the day at $20.47. TSM Gross Margin is 47.50% and its return on assets is 15.70%. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) quarterly performance is -8.25%.

Colfax Corp (NYSE:CFX) SVP A. Lynne Puckett sold 906 shares of the stock on the open market in a transaction dated Monday, September 29th. The stock was sold at an average price of $58.49, for a total value of $52,991.94. Following the sale, the senior vice president now directly owns 19,194 shares of the company’s stock, valued at approximately $1,122,657. On 09 October, Colfax Corporation (NYSE:CFX) shares fell -4.63% and was closed at $53.61. CFX EPS growth in last 5 year was 85.10%. Colfax Corporation (NYSE:CFX) year to date (YTD) performance is -15.83%.

BlackBerry is bulking out its BBM Money offerings in Indonesia, which will be available at the beginning of 2015. BlackBerry is enhancing its mobile money app (BBM Money) in Indonesia, enabling payments in participating retail stores, online and even transport services. BlackBerry Ltd (NASDAQ:BBRY) belongs to Technology sector. Its net profit margin is -6.73% and weekly performance is -3.91%. On last trading day company shares ended up $9.10. BlackBerry Ltd (NASDAQ:BBRY) distance from 50-day simple moving average (SMA50) is -9.17%.

DragonWave (NASDAQ:DRWI) (TSE:DWI), a Canadian supplier of packet microwave radio systems for mobile and access networks, tumbled today after posting a wider-than-estimated loss in its fiscal second quarter. DragonWave Inc. (NASDAQ:DRWI) shares fell -9.23% in last trading session and ended the day at $1.18. DRWI Gross Margin is 14.60% and its return on assets is -37.60%. DragonWave Inc. (NASDAQ:DRWI) quarterly performance is -48.02%.

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