4 Tech Stock Stories to Spark Investment Chatter
International Business Machines Corporation (NYSE:IBM): Current price $204.39
On Tuesday, IBM announced new software and cloud-based services through which to assist business leaders like chief marketing officers and chief human resource officers promote their organization’s transformation with the adoption of social business tech. The new offerings will help business leaders integrate IBM’s social networking and analytics technologies into their business processes to empower the 21st Century workforce and transform client experiences.
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Cisco Systems (NASDAQ:CSCO): Current price $20.61
The security software maker Rapid7 says that glitches in widely used networking tech expose millions of personal computers, printers and storage drives to attack by hackers over the regular Internet. The devices include products from makers such as D-Link, Belkin, Cisco Systems’ Linksys division and Netgear (NASDAQ:NTGR), according to Reuters.
Pandora Media (NYSE:P): Current price $11.48
Pandora shares were downgraded at Wedbush from Outperform to Neutral, but at the same time, its price target was raised from $10 to $11.50 on valuation. The analyst commented that, “While we have concerns about valuation, competition, and royalty rates, we are raising our 12- month price target to $11.50 from $10 to reflect high expectations for the fourth quarter, an improving advertising landscape for Pandora, and continued Internet and mobile growth.”
Yahoo! (NASDAQ:YHOO): Current price $20.06
In Yahoo’s first financial outlook since Chief Executive Mayer took over in July, the firm described a plan to ignite a “chain reaction of growth” by revamping a dozen of its online services so as to increase the amount of time users spent on its websites. Additionally, the report cited strength in its search advertising division and progress made in improving its internal operations.
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