Cisco Systems, Inc. (NASDAQ:CSCO) And Vringo, Inc. (NYSE:VRNG) Drive Tech Stocks Rally – (SOHU, NOK, ZNGA)


Companies in the technology sector, which features companies such as Apple Inc. (NASDAQ:AAPL) and Facebook Inc (NASDAQ:FB), started the week on a positive note Monday with wide rally across the sector, including networking-equipment giant Cisco Systems, Inc. (NASDAQ:CSCO) and mobile phone software provider Vringo, Inc. (NYSE:VRNG). Shares of Cisco gained over 2%, after analysts at Deutsche Bank and Oppenheimer said they predict strong earnings and outlook when Cisco releases its quarterly earnings reports August 15.

Sohu.com Inc. (NASDAQ:SOHU)

Shares of Sohu.com Inc. (NASDAQ:SOHU) moved up after it reported second quarter adjusted net income of $0.42 Monday morning, which beat the consensus estimate of $0.39. Third quarter non-GAAP EPS is projected to be between $0.50 and $0.55, compared to the consensus estimate of $0.60.

During mid day trading, Sohu.com Inc. (NASDAQ:SOHU) reported the gain of 15.76% to $40.17 and its total traded volume was 1.93 million shares. SOHU has earnings per share of $3.14 and its price to earnings ratio ended at 11.52. Sohu.com Inc. (Sohu) is a Chinese online media, search, gaming, community and mobile service group.

Nokia Corporation (ADR) (NYSE:NOK)

Nokia Corporation (ADR) (NYSE:NOK) surged +3.16% to $2.44 in mid day trading with the overall volume was 16.99 million shares. Its fifty two week range was $1.63-$7.38. The total market capitalization remained $9.16 billion.

NOK is ahead its 52 week low with 50% and its last month price volatility remained 8.18%. Its beta coefficient was 1.57 with a target price of $2.40. In its share capital NOK has 3.83 billion outstanding shares while 3.79 billion shares have been floated in market. Company’s current year earnings per share grew with 16.29% while the five year EPS growth rate was +12.65%.

Zynga Inc (NASDAQ:ZNGA)

Duirng mid day trading, Zynga Inc (NASDAQ:ZNGA) soared +4.04% to $2.83 and its total trading volume is 7.78 million shares. Zynga Inc. (Zynga), is a provider of social game services with 240 million average monthly active users over 175 countries.

ZNGA has outstanding shares of 759.63 million with the total market capitalization of 2.15 billion and its beta value stands at 2.13 times. Stock price 52 weeks high was $15.91 and 52 weeks low price was $2.66.


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