Gainers at Tech Sector: Veeva Systems Inc (NYSE:VEEV), Nuance Communications Inc. (NASDAQ:NUAN), TW Telecom Inc (NASDAQ:TWTC), Lifelock Inc (NYSE:LOCK), Super Micro Computer, Inc. (NASDAQ:SMCI)

Technology Stocks News 6

To an audience of more than 850 industry leaders at its Commercial Summit in Philadelphia, Veeva Systems Inc (NYSE:VEEV) introduced Veeva Align – a cloud-based, global alignment solution. Veeva Align, the newest addition to Veeva Commercial Cloud, aligns resources to customers across all channels, helping companies of all sizes define multichannel action plans. Veeva Systems Inc (NYSE:VEEV) stock performance was 11.31% in last session and finished the day at $23.72. Traded volume was 2.73million shares in the last session and the average volume of the stock remained 1.37million shares.

Nuance Communications Inc. (NASDAQ:NUAN), a voice recognition company and partner of Apple Inc. (NASDAQ:AAPL), is reportedly in talks for an acquisition by Samsung Electronics Co., Ltd. (KRX:005930). Nuance is known for powering the technology behind Apple Siri. According to The Wall Street Journal, Samsung is allegedly a potential suitor.  Nuance Communications Inc. (NASDAQ:NUAN) rose 9.71 percent to $18.76 Monday on volume of 16.04million shares. The intra-day range of the stock was $16.89 to $19.04. Nuance Communications Inc. (NASDAQ:NUAN) has a market capitalization of $5.97billion.

Level 3 Communications Inc. (NYSE:LVLT) has agreed to buy TW Telecom Inc. (NASDAQ:TWTC) for roughly $5.68 billion, as consolidation in the telecommunications industry continues. TWTC shareholders will receive $10 a share in cash and 0.7 LVLT shares for each TWTC share held. That’s worth about $40.86 a share, a 12% premium above TWTC’s closing price on Friday.
TW Telecom Inc (NASDAQ:TWTC)’s stock on June 16, 2014 reported a increase of 7.29% to the closing price of $38.99. Its fifty two weeks range is $25.83 -$40.51. The total market capitalization recorded $5.38billion. The overall volume in the last trading session was 20.19million shares. In its share capital, TWTC has 137.93million outstanding shares.

Shares of LifeLock Inc. (NYSE:LOCK) were the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 9,623,688 shares, an increase of 47.9% from the April 30th total of 6,505,014 shares. On Monday, shares of Lifelock Inc (NYSE:LOCK) advanced 5.53% to close the day at $12.41. Company return on investment (ROI) is 17.40% and its monthly performance is recorded as -1.51%.  Lifelock Inc (NYSE:LOCK) quarterly revenue growth is -38.14%.

Super Micro Computer, Inc. (NASDAQ:SMCI), a global leader in high-performance, high-efficiency server, storage technology and green computing brings to market a new, compact, cost-effective storage solution with its new SSG-5018A-A(R/S)12L SuperStorage Server. This specialized storage server minimizes power consumption and reduces cooling requirements by spinning down or powering off idle drives and managing data streams via Supermicro’s compact, low-power Intel® Atom™ C2750 based serverboard for cold storage. Super Micro Computer, Inc. (NASDAQ:SMCI) stock performance was 10.74% in last session and finished the day at $25.57. Traded volume was 1.19million shares in the last session and the average volume of the stock remained 435.72K shares. The beta of the stock remained 1.50. Super Micro Computer, Inc. (NASDAQ:SMCI) insider ownership is 18.10%.

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