US search giant, Google (NASDAQ:GOOG) reported on June 18 accomplished the takeover of over 50 mobile network technology patents from Magnolia Broadband, according to The Next Web report.
Magnolia Broadband’s portfolio comprises of intellectual property from more than a decade of R&D and testing, covering ways for increasing spectrum utilization (network capacity), growing coverage, enhancing uplink transmission speeds at the cell edge, and enhancing device battery life.
MTD assists in growing network capacity, develop coverage and enhance transmission speed in mobile data usage. Google shares changed hands 0.7% higher in the early trading session.
Its competitors include Facebook Inc (NASDAQ:FB) that surged 2.74% to $30.83 with the total traded volume of 17.77 million shares and Yahoo! Inc. (NASDAQ:YHOO) that moved up 0.52% to $15.44 with the total traded volume of 2.60 million shares.
Other technology stocks with bullish trend include A123 Systems, Inc. (NASDAQ:AONE) up 7.08% to $1.28, JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) up 1.73% to $1.17 and Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) up 1.23% to $2.88, whereas with bearish trend include NVIDIA Corporation (NASDAQ:NVDA) down -1.30% to $12.13, Check Point Software Technologies Ltd. (NASDAQ:CHKP) down -1.77% to $49.50 and Vodafone Group Plc (ADR) (NASDAQ:VOD) down -0.78% to $27.33.
Google Inc. (NASDAQ:GOOG) stock in current session held volume of 720,728.00 shares as compare to its average volume of 2.65 million shares. The stock after opening at $562.62 hit high price of $571.70 and then trading at $566.68 by scoring +0.38% at 11:19AM EDT.
As the revenue measures GOOG generated revenue of 39.98 billion in the following twelve months income of $10.83 billion. The Company showed a positive 27.09% in the net profit margin and in addition to in its operating margin which remained 32.11%. Company’s annual sales growth for the past five year was 29.01%.
The stock showed weekly downbeat performance of -2.75% which was maintained for the month at -10.24%. Likewise the negative performance for the quarter was recorded as -9.68% and for the year was 12.82% while the YTD performance remained at -12.60%.
The GOOG past twelve months price to sales ratio was 4.60 and price to cash ratio remained 3.73. As far as the returns are concern, the GOOG return on equity was recorded as 19.59% and increased 18.35% return on investment while its return on asset stayed at 15.80%.
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