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Los Angelas, CA -- (SBWIRE) -- 10/24/2012 -- Microsoft Corporation (NASDAQ:MSFT) announced that it has signed a definitive agreement with StorSimple Inc., a leader in Cloud-integrated Storage solutions. Under the terms of the agreement, Microsoft will acquire StorSimple, which will enhance Microsoft's Cloud OS vision and help customers more efficiently embrace hybrid cloud computing. Terms of the deal were not disclosed. According to insider trading report, Microsoft insiders have sold a total of US$592.24 million in shares in the last three months, which ranged in price from US$28.99 to US$30.83 each. Shares of Microsoft extended its downtrend and fell another US$0.64 (or -2.23%) with over 83.37 million traded hands, compared to its average volume of 48.10 million shares. MSFT crossed below the 50-day moving average in the last trading session. Microsoft's market capitalization after the recent close was US$235.66 billion.
Can MSFT Recover Its Previous Top Position? Find Out Here
Corning (NYSE: GLW) announced its earnings results on Wednesday. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.02. The company’s quarterly revenue was down 1.8% on a year-over-year basis. A number of analysts have recently weighed in on GLW shares. Analysts at Cross Research reiterated a “buy” rating on shares of Corning in a research note to investors on Monday. They now have a $15.00 price target on the stock. On the ratings front, analysts at Barclays Capital reiterated an “overweight” rating on shares of Corning in a research note to investors on Friday, October 12th. They now have a $14.00 price target on the stock. Finally, analysts at Piper Jaffray reiterated an “overweight” rating on shares of Corning in a research note to investors on Tuesday, October 9th. They now have a $17.00 price target on the stock. Shares of Corning (NYSE:GLW) traded down 9.17% during midday trading on Wednesday, hitting $12.18. Corning (GLW) has a 52 week low of $10.62 and a 52 week high of $15.75. The company has a market cap of $18.136 billion and a P/E ratio of 9.36.
How Should Investors React To GLW Now? Find Out Here
Shares of Cisco Systems (NASDAQ: CSCO) in a research report released on Monday morning. Wunderlich currently has a $24.00 price target on the stock. A number of other firms also recently commented on CSCO. Analysts at Cantor Fitzgerald downgraded shares of Cisco Systems from a buy rating to a hold rating in a research note to investors on Wednesday, October 17th. They now have a $19.50 price target on the stock, down previously from $20.50. They noted that the move was a valuation call. Separately, analysts at Buckingham Research initiated coverage on shares of Cisco Systems in a research note to investors on Monday, October 8th. They set a buy rating and a $24.00 price target on the stock. Finally, analysts at Credit Suisse reiterated an outperform rating on shares of Cisco Systems in a research note to investors on Wednesday, October 3rd. They now have a $25.00 price target on the stock. Cisco Systems traded up 0.79% on Monday, hitting $18.1828. Cisco Systems have a 52-week low of $14.96 and a 52-week high of $21.30. The company has a market cap of $96.188 billion and a price-to-earnings ratio of 12.11.
Can CSCO Recover Its Previous Top Position? Find Out Here
Advanced Micro Devices, Inc. (NYSE:AMD), the chip designer, has released its new pile-driver desktop processors. They are condemned Vishera. Advanced Micro Devices, Inc. (AMD) displayed Vishera last month at IDF where The INQUIRER managed to snap a picture of the overclocked chip running at 5GHz. The Company has taken initiatives to its eight-core Vishera chip. The company is expected to leapfrog its flop Bulldozer Zambezi chip. Advanced Micro Devices, Inc. (NYSE:AMD)’s new processors continue the trend of socket AM3+, revealing that it is a downgrade for the users who used Zambezi processors.
How Should Investors React To AMD Now? Find Out Here
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