On Monday, Tech stocks have a strong start, the boost comes from a billion-dollar purchase from Cisco Systems Inc. and Intel Corp.’s declaration that its CEO will soon retire taking the day’s highlight.
Cisco Systems, Inc. (NASDAQ:CSCO) surged 1.73% to close at $18.30 after the networking-equipment maker announced that it would pay $1.2B for Meraki, a provider of cloud-networking technology.
Shares of Intel Corporation (NASDAQ:INTC) inched up by 0.30% to close at $20.25 following the world’s biggest semiconductor firm declared that CEO Paul Otellini will leave in May 2013. Intel didn’t appoints a successor for Otellini, who has been with the firm for almost four decades and CEO since early 2005.
Intel Corporation (NASDAQ:INTC) stock hit highest price at $20.45, beginning with a price of $19.99 and reported increased 0.30% to the closed at $20.25 with day range of $19.73-$20.45. The total market capitalization remained $100.76 billion; total volume held in the session was 69.43 million shares surprisingly higher than its average volume of 51.96 million shares.
To check the Stocks ups and downs, INTC last week stock price volatility remained 2.72% and month was at 2.09%. INTC generated revenue of 53.75 billion in the following twelve months income of $11.90 billion. The Company showed a positive 22.13% in the net profit margin and in addition to in its operating margin which remained 29.63%. Company’s annual sales growth for the past five year was 8.82%.
The INTC past twelve months price to sales ratio was 1.87 and price to cash ratio remained 9.63. As far as if notice on other major contributors of similar sectors have sale ratio and price to cash ratio remained Advanced Micro Devices, Inc. (NYSE:AMD)’s P/S 0.23% P/C 1.05%, Texas Instruments Incorporated (NASDAQ:TXN)’s P/S 2.44% P/C 8.85%, Atmel Corporation (NASDAQ:ATML)’s P/S 1.41% P/C 7.18%, ON Semiconductor Corp. (NASDAQ:ONNN)’s P/S 0.89% P/C 4.13%.