Fidelity Investments Contrafund, the largest mutual fund investor in Yahoo! Inc. (NASDAQ:YHOO), cut its stake in the Internet media company by 41 percent during the first four months of 2014, according to the fund’s latest disclosure. Yahoo! Inc. (NASDAQ:YHOO) stock performance was 0.63% in last session and finished the day at $34.87. Traded volume was 9.18million shares in the last session and the average volume of the stock remained 22.35million shares. The beta of the stock remained 1.04. Yahoo! Inc. (NASDAQ:YHOO) insider ownership is 0.50%.
A group of tech firms led by Google Inc. that included Cisco Systems Inc. (NASDAQ:CSCO), Facebook Inc., and Oracle Corp. warned the Supreme Court that a ruling in Akamai’s favor would trigger more frivolous challenges of their intellectual property from so-called “patent trolls” — firms that make money by suing for patent infringement. Cisco Systems, Inc. (NASDAQ:CSCO) rose 0.65 percent to $24.78 Monday on volume of 20.39million shares. The intra-day range of the stock was $24.56 to $24.80. Cisco Systems, Inc. (NASDAQ:CSCO) has a market capitalization of $127.65billion.
UBS said Juniper Networks, Inc.(NYSE:JNPR) $175M litigation settlement with Palo Alto (PANW) is a positive as it allows the company to focus on its IOP and to deliver on profitability targets. Shares are Buy rated. Juniper Networks, Inc. (NYSE:JNPR)’s stock on 02 June, 2014 reported a increase of 0.16% to the closing price of $24.50. Its fifty two weeks range is $17.22 -$28.75. The total market capitalization recorded $11.61billion. The overall volume in the last trading session was 10.15million shares. In its share capital, JNPR has 473.76million outstanding shares.
Samsung Electronics Co. Ltd (SSNLF) is gearing up for the future with a move that would make the Korean electronics giant a first-mover in the augmented reality space. Sony Corporation (ADR) (NYSE:SNE) has already announced that it will launch a virtual reality gaming headset called Morpheus, which will work with the company’s PlayStation 4 console. On Monday, shares of Sony Corp (ADR) (NYSE:SNE) advanced 0.68% to close the day at $16.29. Company return on investment (ROI) is -1.90% and its monthly performance is recorded as -5.07%. Sony Corp (ADR) (NYSE:SNE) quarterly revenue growth is -5.35%.