Shining on Major News: Caesars Entertainment Corporation (NASDAQ:CZR), Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), Silicon Laboratories Inc. (NASDAQ:SLAB), Viacom (NASDAQ:VIAB), LinkedIn (NYSE:LNKD)

Technology Stocks News 3

Caesars Entertainment Corporation (NASDAQ:CZR) lost $908.1 million in the third quarter despite a 6 percent increase in revenue, the casino company said Monday. Caesars Entertainment Corporation (NASDAQ:CZR) belongs to Services sector. Its net profit margin is -39.50% and weekly performance is 18.25%. On last trading day company shares ended up $13.67. Caesars Entertainment Corporation (NASDAQ:CZR) distance from 50-day simple moving average (SMA50) is 13.75%.

Cowen and Company downgraded shares of Petroleo Brasileiro Petrobras SA (NYSE:PBR) from an outperform rating to a market perform rating in a report issued on Monday, TheFlyOnTheWall.com reports. They currently have $18.00 target price on the stock, down from their previous target price of $22.00. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares moved down -0.85% in last trading session and ended the day at $10.56. PBR Gross Margin is 22.30% and its return on assets is 2.50%. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) quarterly performance is -31.69%.

Silicon Laboratories Inc. (NASDAQ:SLAB) introduced next-generation EZRadio® and EZRadioPRO® wireless ICs offering industry-leading power efficiency, wireless range and flexibility. Operating in the sub-GHz band, the new Si4x55 EZRadio and Si4x6x EZRadioPRO families support a variety of proprietary, legacy and emerging protocols including IEEE 802.15.4/4g, Wireless M-Bus and Wi-SUN. On 12 November, Silicon Laboratories Inc. (NASDAQ:SLAB) shares moved up 0.93% and was closed at $45.77. SLAB EPS growth in last 5 year was 11.20%. Silicon Laboratories Inc. (NASDAQ:SLAB) year to date (YTD) performance is 5.68%.

Media conglomerate Viacom, Inc. (NASDAQ:VIAB) reported that its fourth-quarter net earnings attributable to the company declined to $732 million from the prior year’s $804 million, while earnings per share rose to $1.72 from $1.68 last year. Viacom, Inc. (NASDAQ:VIAB) belongs to Services sector. Its net profit margin is 18.30% and weekly performance is -1.75%. On last trading day company shares ended up $69.25. Viacom, Inc. (NASDAQ:VIAB) distance from 50-day simple moving average (SMA50) is -7.15%.

On Nov. 4, LinkedIn Corporation (NYSE:LNKD) announced its intention to offer, subject to market conditions and other factors, $1.15 billion aggregate principal amount of convertible senior notes due in 2019 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”). LinkedIn Corporation (NYSE:LNKD) shares moved up 0.06% in last trading session and ended the day at $231.13. LNKD Gross Margin is 86.90% and its return on assets is -0.40%. LinkedIn Corporation (NYSE:LNKD) quarterly performance is 5.85%.

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