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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Dell, Zynga, Cypress: Tech Winners & Losers (Update)

Stocks in this article: DELLZNGACYRMTRRAXCHKP

This story has been updated with closing prices and information on Rackspace and Check Point Software.

NEW YORK ( TheStreet) - Dell (DELL) climbed 2.55% to $12.27 per share after the PC maker announced a quarterly dividend of 8 cents per share, which is a yield of about 2.7 percent , after market close on Tuesday.

The dividend will begin in the third quarter of the current fiscal year, which ends on Nov. 2, 2012.

Zynga (ZNGA) popped 1.31% to $5.05 after analysts at Evercore Partners, J.P. Morgan and Lazard Capital offered a positive review of the company on Wednesday.

J.P. Morgan trimmed Zynga's price target to $11 from $14. Evercore Partners upgraded the company from a sell to an equal-weight rating. Evercore's Ken Sena noted that the investment bank advisory firm continues "to have fundamental concerns with the business's long-term growth sustainability; however, on its current valuation, plus its new game releases, we view the risk-reward as more balanced."

Tuesday was grim for the producer of popular games such as FarmVille and CityVille when shares hit all-time lows.

Cypress Semiconductor (CY) was a market loser on Wednesday, falling 2.88% to $12.80 per share. On Tuesday, Cypress Semiconductor unveiled a proposal to acquire Ramtron (RMTR), a small rival, for $2.48 per share in cash - a 37% premium to Ramtron's closing stock price on Monday.

Cypress Semiconductor's offer to acquire Ramtron was rejected last year, though, according to a Associated Press report, the offering price remains essentially the same ..

Ramtron's share price dipped 0.41% to $2.41 on Tuesday.

Rackspace (RAX) tumbled 4.22% to $41.33 on Wednesday.

The company COO Mark Roenigk sold 9,000 shares worth $404,494 on June 8th according to a report on MMD Newswire released today.

TheStreet Ratings rates Rackspace as a buy because of its "robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins."

The stock has lost 10% since opening on Monday.

Check Point (CHKP) dropped 3.41% to $51.81.

--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.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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