Stock Runners : Brocade Communications Systems (NASDAQ:BRCD), Marathon Oil Corporation (NYSE:MRO), Echelon Corporation (NASDAQ:ELON), Infosys Ltd. (NYSE:INFY), The Babcock & Wilcox (NYSE:BWC)

Technology Stocks News 11

Brocade Communications Systems, Inc. (NASDAQ:BRCD) has maintained an uptrend on its stock since it recently reported improved results in its 3Q. The stock is up more than 11% over the past one week and gained 0.29% to close at $10.35 in the last session. Analysts at Pacific Crest recently restated their “sector-perform” rating on the stock. They cited that their revenue of $545.5 million came above the consensus estimate of $534.7 million and at the high end of the guidance. Revenue also jumped 2% year-over-year. Brocade Communications Systems, Inc. (NASDAQ:BRCD) belongs to Technology sector. Its net profit margin is 11.30% and weekly performance is 8.32%. On last trading day company shares ended up $10.55. Brocade Communications Systems, Inc. (NASDAQ:BRCD) distance from 50-day simple moving average (SMA50) is 12.84%.

According to reports, Marathon Petroleum Corp (NYSE:MPC); Ohio-based independent oil marketer and refiner has entered into an agreement with a syndicate of various lenders. As per the information made available by the company, MPC is expected to borrow as much as $700 million in the form of unsecured term loan. The duration of this term loan is five years. MPC came into existence after the refining and sales business of Houston-based Marathon Oil Corporation (NYSE:MRO) was spun off into a separate, publicly traded entity. Marathon Oil Corporation (NYSE:MRO) shares advanced 1.91% in last trading session and ended the day at $41.69. MRO Gross Margin is 65.60% and its return on assets is 7.30%. Marathon Oil Corporation (NYSE:MRO) quarterly performance is 15.04%.

Echelon Corporation (NASDAQ:ELON), the open-interoperable control networking pioneer for the Industrial Internet of Things (IIoT), on 25 Aug 2014 announced that it has signed a definitive agreement to sell its Grid operations to S&T AG, a publicly traded European IT systems provider with an existing focus on smart energy products and services. The closing is conditioned upon regulatory approvals. The companies expect the deal to close by the end of the year. On 29 August, Echelon Corporation (NASDAQ:ELON) shares moved down -0.43% and was closed at $2.29. ELON EPS growth in last 5 year was 8.50%. Echelon Corporation (NASDAQ:ELON) year to date (YTD) performance is 6.51%.

A meeting of the Board of Directors of Infosys Ltd (NYSE:INFY) will be held on October 10, 2014, to consider the audited financial results of the Company as per Indian GAAP for the second quarter and half year ending September 30, 2014 (Q2). Infosys Ltd. (NYSE:INFY) ended the last trading day at $59.50. Company weekly volatility is calculated as 0.79%and price to cash ratio as 7.19. Infosys Ltd. (NYSE:INFY) showed a weekly performance of 0.86%.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) on 28 Aug 2014 hosted Congressman Patrick Murphy (D-FL-18) for a tour of the Solid Waste Authority of Palm Beach County Renewable Energy Park, including the country’s first new waste-to-energy (WtE) plant to be built since 1995. As a reliable and non-intermittent source of renewable energy with the most modern environmental control equipment, WtE technology is poised to be a much larger part of America’s energy mix, particularly in the context of the EPA’s new rules on carbon emissions from power plants. The Babcock & Wilcox Company (NYSE:BWC) shares moved down -0.38% in last trading session and ended the day on $29.05. BWC Gross Margin is 31.30% and its return on assets is 11.40%. The Babcock & Wilcox Company (NYSE:BWC) quarterly performance is -9.33%.

Signup for free to be the first to receive exclusive free links. Now in your mailbox!
Join over 15,000 subscribers
Send me links

Your information will not be shared to anyone