Turbulence in China Could Impact Tech Stocks like Qualcomm
China’s economy is going through a slowdown. China’s (FXI) stock market crashed in July. There was also market turbulence in August.
Intel’s (INTC) stock rose by ~9% over the last week. So, are investors expecting strong earnings for Intel? The company will announce its earnings on October 13.
Increased adoption of cloud services has impacted IBM’s service and consulting operating segment, GBS.
IBM’s Global Business Services will acquire Meteorix, a consulting and implementation services provider for companies looking to deploy Workday software.
Being a leader in the hybrid cloud space, IBM needs to continue to enhance and strengthen its hybrid cloud portfolio.
Owing to Cleversafe’s leadership in the object storage space, IBM will have one of the most comprehensive cloud storage portfolios in the sector.
With the social, mobile, analytics, and cloud revolution, there has been an exponential structured and unstructured data growth, referred to as “big data.”
On October 5, 2015, data storage player Cleversafe became the latest addition to IBM’s acquisition portfolio.
VASCO Data Security is thus trading at a discount of 44.17% with respect to its median target and looks to be an attractive buy at current levels.
VASCO Data Security (VDSI), a provider of strong authentication, e-signature, and identity management, accounced it will acquire the private firm Silanis Technology. Silanis is expected to generate $16 million in revenue for the year ending 2015.
Fortinet (FTNT) has risen 78.48% in the trailing twelve months (TTM) and 4.07% over the last month. The share price of the firm has seen a rise of 2.86% in the trailing five-day period.
On October 1, 2015, Capgemini, a leading provider of consulting, technology, and outsourcing services, announced its partnership with Fortinet (FTNT), a provider of cybersecurity solutions.
From September 29 to October 6, 2015, the technology sector remained at a high. HACK closed at $25.97, falling 1.18% on Tuesday, October 6, 2015, although it rose 3.10% for the week.
Netflix announced that it has partnered with Virgin America airlines to offer in-flight streaming service. It will be free to Virgin America passengers until March 2, 2016.
Content licensing costs for Netflix are “fixed” in nature, and an increase in these costs could directly impact Netflix’s operating results in the long term.
Many factors could affect Netflix’s fiscal performance in the International streaming segment, including significant costs for content acquisition.
Netflix is facing increasing competition, not only from pay-TV providers with their own over-the-top, or OTT, services but also from pure-play OTT service providers.
FireEye generated returns of 13.74% over the trailing twelve months and -12.61% in the trailing one month. The share price of the firm increased by 1.17%.
F5 Networks generated returns of 0.64% over the trailing 12 months and 3.45% over the trailing one month. The share price of the firm increased by 7.77%.
FireEye, a cybersecurity provider, and F5 Networks have announced a joint venture aimed at protecting businesses from the growing threat of cybercrime.