This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Facebook, LinkedIn: Tech Winners & Losers (Update 1)

Updated from 12:49 p.m. EST to include information on Check Point and updated share prices.

NEW YORK ( TheStreet) -- Shares of LinkedIn (LNKD - Get Report) slid 5.40% to $102.98 on Monday, while Facebook (FB - Get Report) shares rose 1.39% to $32.17.

Facebook will reportedly launch a job postings feature later this summer that will directly compete with LinkedIn. Facebook's press representative said the company does not "comment on rumor and speculation."

In a report compiled for The Wall Street Journal, Morningstar said at least 160 US-based mutual funds and exchange-traded funds bought shares of Facebook in May.

Research In Motion (RIMM) dropped 5.31% to $7.67 as investors await the annual shareholder meeting tomorrow. RIM's stock has slumped nearly 75% in the past year and dropped 16.45% after the company announced its first-quarter earnings at the end of June.

Ubiquiti Networks (UBNT - Get Report) announced a major legal victory on Monday over Kozumi USA Corp and its owner Shao Wei Hsu, who Ubiquiti had charged with counterfeiting.

Shares of Ubiquiti rose 4.20% to $14.14.

Check Point (CHKP - Get Report) fell Monday after RBC Capital Markets analyst Robert Brez affirmed outperform with a $65 target price, citing difficult economic environment for software companies in general.

Most software companies "have a lower pipeline today than going into the quarter, reflecting some pull-forward of deals, which could lead to a tough start to the September quarter," Breza wrote.

"The deal environment for most software companies was characterized by smaller deal sizes and lower close rates," he added.

Check Point's stock closed down 4.89% to $44.96 on 4.5 million shares, nearly double its average daily volume.

--Written by Nathalie Pierrepont in New York.

>To submit a news tip, send an email to: tips@thestreet.com.

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
CHKP $83.49 0.00%
FB $78.97 0.00%
LNKD $267.20 0.00%
UBNT $31.64 0.00%
AAPL $128.46 0.00%

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs