Technology sector finished in green land on Wednesday and sector hiked +0.06%. If we look at the key movers of the sector so STEC, Inc (NASDAQ:STEC) and Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) were major percentage gainers while key percentage decliner was MEMC Electronic Materials, Inc (NYSE:WFR).
Research In Motion Ltd (NASDAQ:BBRY) got a strong late-day lift on Wednesday on news of a big order for its latest smart phones, while the wider technology sector managed to stay optimistic near the closing bell.
Share of BlackBerry hiked over 8% to settle at $15.65. The company reported that an unnamed partner has placed an order for 1 million BlackBerry 10 smart phones.
Research In Motion Ltd’s YTD performance was recorded as 31.84% while its market capitalization was $8.06 billion. The company has P/B ratio of 0.86. Institutional ownership owns 60.57% shares of the company while beta factor, which is used to measure riskiness of the security, was 1.64. Net profit margin of the company was -6.73% while its gross profit margin was 30.68%.
Shares of VMware, Inc (NYSE:VMW) surged by 8 percent to settle at $81.37 per share after the enterprise software company told a summit of investors that it projects yearly revenue to expand between 15% and 20% from 2014 to 2016.
VMware, Inc. has market capitalization of $34.88 billion. Its current ratio was 2.07 while its shares were lagging behind SMA50 with -1.93. The company offered earnings per share of 1.72 while its 428.35 million shares were outstanding. YTD performance of the stock was -13.56%.
EMC Corporation (NYSE:EMC) has the market capitalization of $52.46 billion. The company’s EPS was 1.24 while its 2.10 billion shares were outstanding. Its institutional ownership was 82.74%. Shares of the company were moving ahead of SMA50 with 2.84% while its YTD performance was -1.58%.
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