Stocks in News: Cisco Systems, Inc. (NASDAQ:CSCO), Stratasys Ltd. (NASDAQ:SSYS), Sealed Air Corporation (NYSE:SEE), The Manitowoc Company(NYSE:MTW), Leggett & Platt (NYSE:LEG)

Technology Stocks News 8

On 29 September Cisco Systems, Inc. (NASDAQ:CSCO) announced that it will invest $1 billion over the next two years in its Intercloud initiative. This represents Cisco’s attempt to enter the cloud market in a manner in which it can avoid competition from established players such as Amazon.com, Inc. (AMZN) and Oracle Corporation (ORCL). Cisco Systems, Inc. (NASDAQ:CSCO) belongs to Technology sector. Its net profit margin is 16.70% and weekly performance is -0.39%. On last trading day company shares ended up $23.25. Cisco Systems, Inc. (NASDAQ:CSCO) distance from 50-day simple moving average (SMA50) is -5.44%.

On 29 September Stratasys Ltd. (NASDAQ:SSYS) said it has acquired GrabCAD, a provider of CAD-sharing software. The acquisition will enable Stratasys to supply improved collaboration tools and accessibility relating to 3D CAD content. Stratasys Ltd. (NASDAQ:SSYS) shares moved up 0.55% in last trading session and ended the day at $118.15. SSYS Gross Margin is 50.40% and its return on assets is -0.20%. Stratasys Ltd. (NASDAQ:SSYS) quarterly performance is 14.59%.

Sealed Air Corporation (NYSE:SEE) announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on December 19, 2014 to stockholders of record at the close of business on December 5, 2014. On 17 October, Sealed Air Corporation (NYSE:SEE) a share moved up 1.06% and was closed at $32.51. SEE EPS growth in last 5 year was -15.00%. Sealed Air Corporation (NYSE:SEE) year to date (YTD) performance is -3.45%.

Manitowoc Company Inc. (NYSE:MTW) was downgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “underperform” rating in a report. They currently have a $24.00 price target on the stock, down from their previous price target of $28.00. BMO Capital Markets’ price target indicates a potential upside of 27.93% from the stock’s previous close. The Manitowoc Company, Inc. (NYSE:MTW) ended the last trading day at $18.29. Company weekly volatility is calculated as 7.19% and price to cash ratio as 23.91. The Manitowoc Company, Inc. (NYSE:MTW) showed a weekly performance of -2.51%.

Leggett & Platt Incorporated (NYSE:LEG) SVP David M. Desonier sold 6,088 shares of the stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $35.30, for a total transaction of $214,906.40. Following the completion of the transaction, the senior vice president now directly owns 56,744 shares in the company, valued at approximately $2,003,063. Leggett & Platt, Incorporated (NYSE:LEG) shares moved up 2.23% in last trading session and ended the day at $34.40. LEG Gross Margin is 19.70% and its return on assets is 3.30%. Leggett & Platt, Incorporated (NYSE:LEG) quarterly performance is 5.78%.

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