Tech Sector in Focus: Applied Materials (NASDAQ:AMAT), Microsoft Corporation (NASDAQ:MSFT), Canadian Solar Inc. (NASDAQ:CSIQ), SunEdison (NYSE:SUNE), Cisco Systems (NASDAQ:CSCO)


On 13 August, Applied Materials, Inc. (NASDAQ:AMAT) reported gross margin of 43.9 percent, operating margin of 20.8 percent, and net income of $410 million or $0.33 per diluted share. The company recorded GAAP gross margin of 40.9 percent, operating margin of 15.9 percent, and net income of $329 million or $0.27 per diluted share. The GAAP results included the effect of cost reduction actions in the solar business consisting of $34 million of inventory charges and $17 million of restructuring and asset impairment charges. Applied Materials, Inc. (NASDAQ:AMAT) shares decreased -0.54% in last trading session and ended the day at $16.44. AMAT Gross Margin is 42.10% and its has a return on assets of 9.60%. Applied Materials, Inc. (NASDAQ:AMAT) quarterly performance is -16.94%.

Microsoft Corporation (NASDAQ:MSFT) recently said that over 14 million devices are running its latest operating system in the initial 24 hours of Windows 10 launch. Microsoft Corporation (NASDAQ:MSFT) ended the last trading day at $46.61. Company weekly volatility is calculated as 1.54% and price to cash ratio as 3.87. Microsoft Corporation (NASDAQ:MSFT) showed a weekly performance of 0.38%.

Canadian Solar Inc. (NASDAQ:CSIQ) reported second-quarter earnings of 31 cents per share, comfortably beating the Zacks Consensus Estimate of 13 cents by 138.5%. Quarterly earnings however decreased considerably from 95 cents per share in the year-ago quarter. On 19 August, Canadian Solar Inc. (NASDAQ:CSIQ) shares decreased -18.19% and was closed at $20.20. CSIQ EPS growth in last 5 year was 46.90%. Canadian Solar Inc. (NASDAQ:CSIQ) year to date (YTD) performance is -16.49%.

On 13 August, SunEdison Inc. (NYSE:SUNE) and energy producer and transporter, Dominion have formed a joint venture on the 320 MW(ac) Four Brothers solar PV project in Utah. Under the terms, Dominion will invest around US$500 million, and SunEdison, $150 million. SunEdison, Inc. (NYSE:SUNE) shares decreased -7.10% in last trading session and ended the day at $13.47. SUNE Gross Margin is 13.80% and its has a return on assets of -8.70%. SunEdison, Inc. (NYSE:SUNE) quarterly performance is -53.95%.

On 12 August, Cisco Systems, Inc. (NASDAQ:CSCO) reported Sales increased 3.9 percent to $12.8 billion in the quarter ended July 25, with profit before certain costs of 59 cents a share, Cisco said Wednesday in a statement. Analysts projected sales of $12.7 billion and profit of 56 cents, according to the average of estimates compiled by Bloomberg. Cisco Systems, Inc. (NASDAQ:CSCO) caters to the Technology space. It has a net profit margin of 18.30% and weekly performance is -0.36%. On the last day of trading company shares ended up $27.80. Cisco Systems, Inc. (NASDAQ:CSCO) distance from 50-day simple moving average (SMA50) is -1.11%.


Leave a Reply

Your email address will not be published. Required fields are marked *