Jul
18
International Business Machines Corp (NYSE:IBM)’s software business grew less than expected in the second quarter, sparking a selloff in the company’s stock on Thursday, even as its revenue beat forecasts. The company’s software business revenue grew 1 percent in the quarter to $6.5 billion, slower than forecasts of 3 percent, as it signed fewer contracts than expected. On last trading day International Business Machines Corp. (NYSE:IBM) ended up 0.07% higher to close at $192.49 while trading in the range of $192.00 – $195.95. Its return on assets (ROA) is 15.70% while return on investment (ROI) is 26.40%. International Business Machines Corp. (NYSE:IBM) monthly performance is 5.61%.
Apple Inc. (NASDAQ:AAPL) on Friday will officially launch the iPhone in Cambodia through its authorized reseller, iOne, giving customers—long used to gray market iPhones—access to Apple’s warranty. Apple Inc. (NASDAQ:AAPL) in last trading activity ended up at $93.09 with day range of $92.57 – $95.28. Company weekly performance is -2.05% while its quarterly performance stands at 26.26 %. Apple Inc. (NASDAQ:AAPL) is -4.13% away from its 52 week high.
Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) was upgraded byZacks from a “neutral” rating to an “outperform” rating in a report released on Tuesday. The firm currently has a $16.90 target price on the stock. Zacks‘s target price suggests a potential upside of 1.99% from the stock’s previous close. Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) belongs to Financial sector with market capitalization of 2.38B. In last trading activity company’s stock closed at $ 16.41 while opening price was $ 16.55.
On July 14, Levi Korsinsky, LLP is investigating MWI Veterinary Supply, Inc. (NASDAQ:MWIV) in connection with possible claims of breaches of fiduciary duty by certain members of the board of directors. On Thursday shares of MWI Veterinary Supply, Inc. (NASDAQ:MWIV) opened at $138.53 and closed at $136.50. This year Company’s Earnings per Share (EPS) growth is 17.00% and next year’s estimated EPS growth is 15.22%. Analysts mean target price for MWI Veterinary Supply, Inc. (NASDAQ:MWIV) is $167.80.
On July 14, One such stock that you may want to consider dropping is Gigamon Inc. (NYSE:GIMO) which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in GIMO. On last trading day Gigamon Inc (NYSE:GIMO) ended up -1.31% lower to close at $12.04 while trading in the range of $12.01 – $12.23. Its return on assets (ROA) is -13.90% while return on investment (ROI) is -7.70%. Gigamon Inc (NYSE:GIMO) monthly performance is -34.99%.
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