4 Tech Stock Stories to Kick Off the New Trading Week

Amazon.com Inc. (NASDAQ:AMZN): Closing price $285.57

Many Amazon.com users in the United States and Canada saw the company’s website go down for around 15 minutes Monday. It was not certain what caused the unusual disruption and Amazon did not answer requests for comment. Earlier on Monday, users from New York and Toronto all the way to San Francisco saw only error messages when trying to access the shopping website. This came less than a week after the website of The New York Times went down for approximately two hours.

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Nokia Corp. (NYSE:NOK): Closing price $4.13

According to The Verge, Nokia plans a big-screen Windows Phone for release later in 2013. Sources knowledgeable with Nokia’s plans have told The Verge that the firm is currently testing a 6-inch device with the latest version of Windows Phone. Codenamed “Bandit,” the handset features a 1080-pixel display and a Qualcomm Snapdragon quad-core processor. The reporting site was told that the “Bandit will ship with a rear camera that is at a minimum 20-megapixels and a slight hump at the rear of the device (similar to the Lumia 925) to accommodate the camera.”

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Facebook Inc. (NASDAQ:FB): Closing price $37.81

Facebook shares closed up 1.97 percent on the day Monday, after analyst Ken Sena at Evercore Partners reiterated an Overweight and upgraded his price target from $34 to $45, remarking that the recent ad changes are only the beginning. Sena noted that many of ad changes only began towards the middle-to-end of the second quarter and have thus not yet seen a full quarter’s impact, which is of course a good indication for forward estimates. Evercore raised their third-quarter revenue estimates by 6 percent to $1.94 billion, driven by an 8-percent jump in mobile ad revenue to $836 million compared to the Street’s $756 million.

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Ceragon Networks Ltd. (NASDAQ:CRNT): Closing price $3.86

On Monday, the wireless backhaul specialist announced that it has received orders for the new Nebraska Regional Interoperability Network. The network is managed by Communication Services Inc., and includes roughly 200 links of Ceragon’s FirstNet-ready FibeAir solutions, supplying critically-needed connectivity and enhanced capacity for First Responders, particularly in the vast rural areas of Nebraska, which is the 9th least-densely populated state of the Union.

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