Technology Sector Recap; Nokia (NOK) Stock Hikes after Surprise Profit while Synnex (SNX) Tumbles after Forecasts – NOK, SNX, AAPL, VOXX, NEON

Technology sector responded positively on Thursday’s trading session and sector moved up +1.02%. If we look at the key movers of the sector so Nokia Corporation (ADR) (NYSE:NOK) and VOXX International Corp (NASDAQ:VOXX) was key percentage gainer while major percentage decliners was Neonode, Inc (NASDAQ:NEON).

Nokia Corporation (ADR) (NYSE:NOK) moved up around 18% in Helsinki trading session after a surprise earnings recovery in fourth-quarter signaled CEO Stephen Elop’s scheme to restore the Finnish handset manufacturer is gaining pace.

The Espoo, Finland based company reported its mobile-phone unit possibly had its primary profit in a year comprising some items. That evaluated against its October estimates for a loss of around 10% of sales.

Nokia Corporation (ADR)’s YTD performance was recorded as 12.66% while its market capitalization was $16.67 billion. The company has P/B ratio of 1.63. Institutional ownership owns 12.11% shares of the company while beta factor, which is used to measure riskiness of the security, was 1.61. Net profit margin of the company was -15.93% while its gross profit margin was 27.30%.

Synnex Corporation (NYSE:SNX), based in Fremont, California, announced on Thursday that its profit in fiscal Q4 plunged on lower revenue. However, the company still managed to surpass market forecasts.

But the high-tech contractor issued a disappointing revenue estimates and its shares plunged in extended trading session.

SYNNEX Corporation has market capitalization of $1.34 billion. Its current ratio was 1.83 while its shares were looking forward SMA50 with 8.330. The company offered earnings per share of 4.21 while its 37.34 million shares were outstanding. YTD performance of the stock was 4.25%.

Apple Inc. (NASDAQ:AAPL) has the market capitalization of $492.46 billion. The company’s EPS was 44.16 while its 940.69 million shares were outstanding. Its institutional ownership was 66.82%. Shares of the company were moving behind of SMA50 with -4.70% while its YTD performance was -1.63%.

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