The stock market bounced back after an early fall on Friday with NASDAQ Composite Index (INDEXNASDAQ:.IXIC) leading key indexes along with an uptrend for Apple Inc. (NASDAQ:AAPL) and Facebook Inc (NASDAQ:FB). The U.S. International Trade Commission in Washington will disclose today whether iPhones and other Apple devices breach Motorola Mobility patents and, if that is true, whether it will place an order to ban them in the U.S.
During current trading session, Google Inc (NASDAQ:GOOG) added 0.18% to $678.02 with a trading volume of 310,083.00 shares after a step forward to security issues by hiring some specialists. GOOG has earnings per share of $33.73 and it has market capitalization of 221.80 billion.
Aruba Networks, Inc. (NASDAQ:ARUN) gapped up and gained sharply after the enterprise network solutions provider posted results for the fourth quarter that beats analysts’ estimates. The Sunnyvale, California-based company said adjusted profit for the quarter rose versus last year and came in ahead of estimates by a penny, mainly because of a 22 percent growth in revenues and stronger margins.
Revenues for the quarter rose to $139.2 million as compared to $113.8 million a year ago. Twenty two analysts had a mean estimates for the company to report revenues of $136.82 million for the quarter.
The stock experienced a gain of +17.76% to $19.92. Its trading volume, at last check, was 5.73 million shares as compared to the average volume of 3.33 million. Its stock price 52 weeks high was $25.55 and 52 weeks low price was $12.36.
Shares of Facebook Inc (NASDAQ:FB) moved up +0.23% to $19.49 with a trading capacity of 6.30million shares in current trading session after it doubled the speed of the iPhone and iPad versions of its app. The stock has earnings per share of $0.18 and its price to earnings ratio stands at 108.78. It has net profit margin of +13.29% and operating margin of +13.84%.
During current trading session, Savient Pharmaceuticals, Inc. (NASDAQ:SVNT) grew 9.17% to $1.19 with a trading volume of 3.28 million shares. SVNT has earnings per share of -$1.55 and it has market capitalization of 86.75 million.