This Day On The Street
Continue to site
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

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

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 - Get Report) 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 - Get Report) 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 - Get Report) 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 - Get Report) dropped 3.41% to $51.81.

--Written by Nathalie Pierrepont in New York.

>To submit a news tip, send an email to:

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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DELL $0.00 0.00%
CHKP $82.17 -0.75%
CY $9.44 -1.50%
RAX $22.64 -1.80%
ZNGA $2.32 -2.11%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs