Technology Sector Review: iPad Prevails at the Office, Where You Tweet Makes a Difference
First Solar, Inc. (NASDAQ:FSLR): Solar and wind companies are asking Congress to extend federal subsidies for their firms, but lawmakers don’t seem too enthusiastic about granting the requests, according to The New York Times.
The shares closed at $45.54, up $4.6, or 11.24%, on the day. Its market capitalization is $3.94 billion.
Apple Inc. (NASDAQ:AAPL) iPad accounted for 96% of all corporate-deployed tablets in Q4, according to Good Technology, and the iPhone accounted for 53% of all smartphones activated by the firm’s customers in that time frame, reported Boy Genius Report, citing a study published previously by the mobile vendor.
The shares closed at $447.28, up $2.65, or 0.6%, on the day. Its market capitalization is $417.03 billion.
Microsoft Corporation (NASDAQ:MSFT): Twitter Inc. says it’s now able to make content selectively available to users based on geography, and plans to use that to enter countries with “different ideas” about freedom of expression as a human right, reports the Wall Street Journal. Twitter said it would take measures to notify users if it withholds posts.
The shares closed at $29.23, down $0.27, or 0.92%, on the day. Its market capitalization is $245.26 billion.
Cisco Systems, Inc. (NASDAQ:CSCO): Juniper (NYSE:JNPR), which develops network infrastructure products, reported Q4 EPS of 28c, versus analysts’ consensus estimate of 28c. However, Juniper’s Q4 revenue came in slightly lower than expected, and the company provided Q1 adjusted EPS guidance of 11c-14c, versus the consensus estimate of 26c. The EPS guidance excludes several items, including share-based compensation expenses, acquisition related charges, restructuring charges, and impairment charges. Juniper also provided lower than expected Q1 revenue guidance. “The December quarter was an atypical and unexpectedly weak finish to the year, with reduced spending by some of our largest customers,” said Juniper CFO Robyn Denholm. “While long-term industry fundamentals remain strong, we expect the near-term environment to remain challenging,” Denhiolm added. The company added that its Q1 guidance reflects the potential effects of near-term macro economic uncertainty on customer demand. In mid-morning trading, Juniper slumped $2.00, or 8.94%, to $20.27. Meanwhile, Cisco (NASDAQ:CSCO), which competes with Juniper, declined 1.97% to $19.44.
The shares closed at $19.56, down $0.27, or 1.36%, on the day. Its market capitalization is $105.15 billion.
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