A new phenomenon that is causing Apple Inc.’s (NASDAQ:AAPL) rapid growth rate to slow is additional consumers are attracted towards buying the least expensive iPhones and iPads. On Tuesday, Apple Inc. disclosed that both sales and profit posted growth of just more than 20 percent, cause for celebration at most companies, but not enough by Apple standards. Apple’s growth was the worst in over 2 years, and failed to come in line with analyst expectations.
Cisco Systems, Inc. (NASDAQ:CSCO) dropped -5.91% and closed at $15.12 with the total traded volume of 101.81 million shares more than the average volume of 36.80 million. CSCO has earnings per share of $1.35 and its price to earnings ratio ended at 11.17. CSCO has current ratio of 3.57.
Cisco Systems, Inc. (NASDAQ:CSCO) has received the green light from EU regulatory clearance for its $5 billion takeover of NDS, as per reported by Reuters. NDS is 51 percent possessed by Permira, with the remaining portion possessed by News Corp (NASDAQ:NWSA).
Microsoft Corporation (NASDAQ:MSFT) declined -0.44% with the closing price of $29.15. Its fifty two week range was $23.79-$32.95. The total market capitalization remained $244.31 billion.
MSFT is ahead of its 52 week low with 25.09% and its last month price volatility remained 2.03%. Its beta coefficient was 1.01 with a target price of $35.81. In its share capital MSFT has 8.40 billion outstanding shares while 7.58 billion shares have been floated in market. Company’s current year earnings per share fell with -25.91% while the five year EPS growth rate was +7.01%.
Microsoft Corp.’s (NASDAQ:MSFT) Trustworthy Computing Group on Wednesday launched the Enhanced Mitigation Experience Toolkit (EMET) 3.5 Technology Preview, which comprises of latest Return Oriented Programming (ROP) defenses encouraged by BlueHat Prize competition finalist Ivan Fratric.
In last trading session, Sprint Nextel Corporation (NYSE:S) fell -3.36% and closed at $3.45. Its shares were trading within the range of $3.40-$3.63 while its opening price was $3.62.
Sprint Nextel has earnings per share of -$1.11 with the net profit margin of -9.72% and operating margin of -1.19%.
Sprint (NYSE:S) is predicted to announce enhanced subscriber users on its “Sprint platform” (CDMA, WiMAX and LTE) but would possibly announce inferior subscriber amount for the “Nextel platform” on its IDEN network, which the firm is in the process of decommissioning. For several years Sprint has been operating to induce iDEN subscribers to continue Sprint and migrate to its latest push-to-talk solution on its CDMA network.