Facebook Faces Delays With Home App and 2 More Heavily Traded Stocks to Follow
Facebook (NASDAQ:FB): Current price $25.13
Facebook is enduring setbacks with its new Android-based application, Home, as media report that carriers in Europe are postponing the release of HTC First, which is the first phone created specifically for the application. On Thursday, the company acknowledged that it has encouraged its European carriers, Orange and EE, to “hold off” on debuting the phone on the Continent. In addition, it will “limit supporting new devices,” said a statement provided by a Facebook spokeswoman, which read in part: “We’ve listened to feedback from users on their experience using Home. While many people love it, we’ve heard a lot of great feedback about how to make Home substantially better. As a result we’re focusing the next few months on adding customization features that address the feedback we received.”
Symantec Corporation (NASDAQ:SYMC): Current price $23.07
Symantec shares have been reiterated by TheStreet Ratings as a Buy with a ratings score of B. An accompanying statement said that the firm’s strengths may be seen in a number of areas, such as its revenue growth, reasonable valuation levels, solid stock price performance, expanding profit margins, and largely solid financial position with reasonable debt levels by most metrics. A report associated with the rating said in part that “SYMC’s revenue growth has slightly outpaced the industry average of 1.5 percent. Since the same quarter one year prior, revenues slightly increased by 4 percent. This growth in revenue does not appear to have trickled down to the company’s bottom line, displayed by a decline in earnings per share.”
NetApp (NASDAQ:NTAP): Current price $36.92
Thursday at Citrix Synergy, NetApp announced new integrated solutions between its flagship NetApp clustered Data ONTAP software, and Citrix technologies for desktop and application virtualization, mobile collaboration, and cloud services. Mobile work styles, driven by the cloud, have changed the nature of business and are igniting an architectural revolution in information tech. Since data must always be available to be delivered to end users at very quickly while minimizing business disruption, NetApp and Citrix have worked jointly on new technologies that permit nondisruptive operations, and increase storage efficiency throughout a Citrix environment.
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