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

Tech Winners & Losers: Google

Tech stocks were on another bumpy ride on Thursday, starting off strong in the morning before flattening out and then climbing slightly by mid-afternoon.

The Nasdaq was up 8 points -- or .38% -- to 2107 in recent trading.

Google (GOOG) got a bump on Thursday after comScore showed the Internet giant increasing its market share in search space. Google made up 63% of searches in U.S. in August, up from 56.5% a year ago and 61.9% sequentially, according to Lehman Brothers analyst Doug Anmuth in his latest research report.

Yahoo's (YHOO - Get Report) market share in August accounted for 19.6% of U.S. searches while Microsoft's (MSFT - Get Report) MSN totaled 8.3%.

Google's shares were up 1.9% to $422.19 in recent trading.

Akamai (AKAM - Get Report) slipped 6.1% to $15.97 after Goldman Sachs lowered its price target to $21.50 from $25 based on multiple contractions in the content delivery network space, as well as concerns over competition.

Shares of Adtran (ADTN) climbed 4.9% to $20.79 after Robert W. Baird raised its rating to outperform from neutral. The firm says the stock is now at an attractive entry point, helped by new product cycles in its optical networking as well as a positive impact from next-generation access products.

Tibco Software (TIBX - Get Report) slipped 3% to $6.85 after Standard & Poor's cut its rating to sell from hold and lowered its price target to $6.50 from $8. The firm cited Tibco's exposure to financial services and telecom companies as cause for concern.

Nortel's (NT) shares also fell on Thursday by 1.9% to $2.73 after JPMorgan cut the company's estimates for next year to a 77-cent a share loss from an 18-cent a share profit. The firm also sees revenue growth and margins weakening.

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
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
DTN $77.38 0.17%
TIBX $24.03 0.00%
AKAM $74.78 1.80%
GOOG $536.17 0.15%
MSFT $43.00 0.22%

Markets

DOW 18,050.88 +15.95 0.09%
S&P 500 2,107.69 +7.29 0.35%
NASDAQ 5,021.1010 +26.4990 0.53%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs