This Day On The Street
Continue to site
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

Cisco, Facebook, Apple: Tech Winners & Losers

NEW YORK ( TheStreet) -- Cisco (CSCO) shares jumped 5.99% to $17.86 after the networking giant posted better-than-expected first quarter results.

Cisco reported non-GAAP earnings of 48 cents a share on revenue of $11.88 billion. A year ago, Cisco earned 43 cents a share on revenue of $11.27 billion.

Analysts surveyed by Thomson Reuters called for earnings of 46 cents a share on revenue of $11.77 billion.


Shares of Facebook (FB - Get Report) soared 9.42% to $21.73 as the lockup period for company insiders expired, unleashing some 800 million shares available for trade.

This is the second lock-up expiration that Facebook has dealt with since going public in mid-May. The first lock-up was up in August, releasing some 270 million shares.

Facebook also announced a social jobs app in conjunction with the Department of Labor, described as "a new tool that will make it easier for people on Facebook to find and share employment opportunities."


Apple (AAPL - Get Report) shares are slightly lower, off 0.06% to $542.57 as one of its key component suppliers, Samsung, has denied rumors of a 20% price hike.

A Samsung official commented to a South Korean newspaper that rumors of a 20% price hike on application processors (AP) are untrue. The anonymous official said prices are set at the start of the year, and changes to the pricing structure are not easy to do.

Interested in more on Apple? See TheStreet Ratings' report card for this stock.

-- Written by Chris Ciaccia in New York

>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
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $129.66 3.60%
FB $78.99 0.00%
GOOG $537.90 0.00%
TSLA $226.03 0.00%
YHOO $42.51 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs