The Coca-Cola Company (NYSE:KO): A Goldman Sachs analyst lowered her rating on The Coca-Cola Co. to “Neutral” from “Buy,” due to factors including slowing growth and rising pressure from competitors like PepsiCo Inc. at home and abroad. Shares of The Coca-Cola Company are trading 0.37% lower today.
Fusion-IO, Inc. (NYSE:FIO): For fiscal year 2012, the company had a revenue of US$359.3 million, versus revenue of $197.2 million during fiscal year 2011, an increase of 82 percent. Net loss for fiscal year 2012 totaled $5.6 million, or US$0.06 per diluted share, versus net income of $4.6 million, or $0.06 per diluted share, the previous year. In the latest trading session, Fusion-IO shares soared 27.78 percent higher, rising $5.84 to $26.86 per share. Abnormal trading volume of Fusion-IO reached 17.80 million shares, which is 8 times heavier than usual day trading. Shares of Fusion-IO, Inc. are trading 3.50% lower today.
Sears Holdings Corporation (NASDAQ:SHLD) prepares to spin off its Hometown and Outlet stores as well as a few hardware stores into a separate publicly traded company. Shares of Sears Holdings Corporation are trading 3.47% higher today.
SYSCO Corporation (NYSE:SYY) CEO Bill DeLaney stated: “Market conditions remained challenging throughout the year due to increasing product costs and an uneven economic recovery. Nevertheless, we successfully supported our customers and grew our share of market. We are making meaningful progress on our business transformation initiatives and believe the benefits will both improve our financial performance over time and further enhance our leadership position in the industry.” Shares of SYSCO Corporation are trading 3.61% higher today.
Ubiquiti Networks Inc (NASDAQ:UBNT) shares plunged on Friday, with a 42 percent low at midday. Ubiquiti was a $35 stock only months earlier but now trades for lower than $9, after UBS AG (NYSE:USA) (NYSE:UBS), Deutsche Bank AG (NYSE:USA) (NYSE:DB), Wedbush Securities, Capstone, and Pacific Crest Securities all reduced the stock rating. Shares of Ubiquiti Networks Inc are trading 0.23% lower today.
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