4 Tech Stock Stories For a Wednesday Scan

Synacor (NASDAQ:SYNC): Closing price $3.07

Synacor reported Wednesday the continued momentum of Cloud ID Social Login, which is a crucial offering of its Cloud Identity Management platform. Midcontinent is among the first service providers to offer their subscribers Social Login as a method to simultaneously authenticate for TV Everywhere content when logging in on Facebook, Twitter or Google. Synacor is a supplier of next-gen startpages, TV Everywhere solutions and cloud-based Identity Management services across multiple devices for cable, satellite, telecom and consumer electronics companies.

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SYNC

Zynga (NASDAQ:ZNGA): Closing price $3.44

Bloomberg reports that Zynga was sued by a shareholder following its executives being permitted to sell stock early for over $200 million, while sales by lower level employees and outsiders were disallowed. The former Zynga product manager Wendy Lee contended that after a December 16, 2011, initial public offering, most all shareholders, including all officers and directors, were blocked from selling shares for 165 days. However, that “lockup” was waived the following March for some executives, who sold in excess of 40 million shares in a secondary offering, according to Lee in a Delaware Chancery Court complaint made public Monday in Wilmington.

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ZNGA

Vodafone Group (NASDAQ:VOD): Closing price $29.11

In order to bring 4-gigabyte services to Australia, Vodafone has announced that it will finally introduce its own LTE in June. The majority of the network will center around Sydney and Perth, and the citizens of Melbourne, Adelaide, Brisbane, Newcastle, Wollongong, and the Gold Coast can expect “some coverage” for the present. The firm has not reported what it will do about charging for the new services, but current Vodafone customers with LTE-capable handsets, can expect that the devices will be activated alongside the national launch.

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VOD

Baidu (NASDAQ: BIDU) shares moved up sharply on Wednesday subsequent to the 86Research analyst Ming Zhao upgrading the stock from Hold to Buy, noting that the negatives are already embedded and any incremental positive data should boosts the shares. Beyond that, Zhao sees an upside of between 30 and 35 percent, and downside of only 10 percent from this point, saying that even in a bear case scenario, Baidu can earn $6 per share in 2014.

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BIDU

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