Technology sector responded positively on Friday and sector hiked +0.83%. If we look at the key movers of the sector so Activision Blizzard, Inc (NASDAQ:ATVI) and Synchronoss Technologies, Inc (NASDAQ:SNCR) were major percentage gainers while key percentage decliner was Guidance Software, Inc (NASDAQ:GUID).
The Mountain View, California based Linkedin Corporation (NYSE:LNKD) stock hiked to record high after higher membership assisted fiscal Q4 profit and sales surpass analysts’ forecasts.
Linkedin, the major online professional-networking service, surged 21% to settle at $150.48 in New York. The company reported in a statement that revenue moved up 81% to $303.6 million, surpassed the median Bloomberg analyst forecast of $279.7 million.
Linkedin Corporation’s YTD performance was recorded as 31.06% while its market capitalization was $16.17 billion. The company has P/B ratio of 19.47. Institutional ownership owns 88.79% shares of the company. Net profit margin of the company was 2.03% while its gross profit margin was 86.44%.
AOL, Inc (NYSE:AOL) stock hiked to record high in 3 months in New York trading after announcing its first sales gain in 8 years.
AOL, the Web publisher that owns the Huffington Post and TechCrunch, reported that fiscal Q4 sales moved up 3.9% from previous year to $599.5 million. Analysts had forecasted that revenue would decline to $566.7 million in the three months period.
AOL, Inc. has market capitalization of $2.82 billion. Its current ratio was F while its shares were looking forward SMA50 with 1.35. The company offered earnings per share of 10.84 while its 83.70 million shares were outstanding. YTD performance of the stock was 13.88%.
Activision Blizzard, Inc. (NASDAQ:ATVI) has the market capitalization of $14.92 billion. The company’s EPS was 0.78 while its 1.11 billion shares were outstanding. Its institutional ownership was 35.51%. Shares of the company were moving ahead of SMA50 with 19.01% while its YTD performance was 26.27%.
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