The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) is up today and has added E2open, Inc. on the NASDAQ Global Market trading list. E2open, is a provider of cloud-based, on-demand software solutions to be used for collaborative execution across global trading networks, has been given the ticker symbol EOPN.
Depressing financial results from tech bellwether Apple Inc. (NASDAQ:AAPL) on one hand and strong earnings reports from the Boeing Company (NYSE:BA) and Caterpillar Inc. (NYSE:CAT) on the other were keeping the markets confused about an exact and consistent direction. Despite a negative finish as Apple’s unusual results miss weighed down on the tech-laden index, the NASDAQ Composite (INDEXNASDAQ:.IXIC) is gaining today.
Facebook Inc (NASDAQ:FB) is down today before its earnings release after the close of business today. Zynga Inc (NASDAQ:ZNGA) has already reported profit and sales that fell short of Wall Street expectations.
Akamai Technologies, Inc. (NASDAQ:AKAM)
Akamai Technologies, Inc. a company that helps businesses deliver data more quickly over the Internet had its largest gain in six years after it reported strong growth in its sales and profits.
Shares Akamai Technologies, Inc. (NASDAQ:AKAM) surged +21.02% to $34.19 with the total traded volume of 7.69 million shares beating the average volume of 2.64 million.
[article_detail_ad_1]Akamai anticipated revenue in the third quarter of $332 million to $342 million, beating the average estimate of $331.2 million. Earnings will be 40 cents to 42 cents a share, compared with the 38 cents analysts had predicted.
Akamai said yesterday in a statement that Profit was 43 cents a share in the second quarter. According to data compiled by Bloomberg, analysts had projected 37 cents on average. Sales surged to $331.3 million, topping the $326.2 million predicted.
Sirius XM Radio Inc (NASDAQ:SIRI)
Shares of Sirius XM Radio Inc (NASDAQ:SIRI) moved up following the news that Sirius XM Radio it will offer subscribers countrywide all-embracing every day reporting of the London 2012 Olympic Games, bestowing Sirius channel 93 and XM channel 209 to Olympic programming from July 27 through August 12.
Sirius XM Radio Inc (NASDAQ:SIRI) jumped +0.96% to $2.10 with the total traded volume of 29.69 million shares. It has outstanding shares of 3.80 billion with the market capitalization of 7.98 billion. Its price to earnings ratio ended at 29.85 and its earnings per share are $0.07.
PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ)
In Mid day trading, PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) jumped +0.99% to $63.15 and its total volume was 25.74 million shares. Its fifty two week range was $49.45-$68.39. The total market capitalization remained $32.24 billion.
QQQ is ahead its 52 week low with 27.64% and its last month price volatility remained 1.44%. Its beta coefficient was 1.09. In its share capital QQQ has 515.55 million outstanding shares while all have been floated in market.