4 Tech Stock Stories For a Tuesday Download

Microsoft Corporation (NASDAQ:MSFT): Current price $34.81

On Tuesday, UBS maintained its Buy on Microsoft shares and hiked its price target to from $33 to $40. The analyst Brent Thill wrote that in the face of a strong 2013 performance, he believes that the stock will continue to “work,” pointing out five drivers that can move shares higher. among which include a potential for greater earnings visibility, increased investor appreciation for its cloud momentum, and others.

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MSFT

Amazon.com (NASDAQ:AMZN): Current price $269.51

Amazon Web Services has earned the FedRAMP accreditation which certifies that it has attained a number of security standards. The certification covers AWS’s  GovCloud, among Amazon’s other United States regions, should facilitate state, local and government agencies placing workloads on Amazon’s public cloud infrastructure without the need for excess steps. The appellation FedRAMP stands for the Federal Risk and Authorization Management Program, and “is a U.S. government-wide standardized approach to security assessment, authorization and monitoring,” according to Vice President Adam Selipsky of AWS, who explained that if a service receives certification by FedRAMP for use by one agency, it will be easier for other government organizations to adopt it as well.

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AMZN

IEC Electronics Corp. (NYSE:IEC): Current price $3.56

IEC has announced that it received a notice on Monday from the New York Stock Exchange that its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 29 with the U.S. Securities and Exchange Commission does not satisfy a condition for its continued listing on the exchange, and also constitutes a material violation of its listing agreement with the exchange. The NYSE is thus authorized to suspend and remove IEC’s securities from the exchange unless prompt corrective action is taken, including the submission of a plan by June 3, explaining how it intends to regain compliance with the listing standards by August 15. IEC says that it intends to submit such a plan within the time established.

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IEC

Zynga (NASDAQ:ZNGA): Current price $3.46

Piper Jaffray notes that it remains cautious on Zynga’s recovery, but it has more optimism concerning the near-term, subsequent to its channel checks that indicated stability in the firm’s core business and traction gained with mobile launches. Piper thus raised its price target for the shares to $3.50 from $2.75, and maintains a Neutral.

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ZNGA

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