In this Article, let us take a look at three very promising Stock Market scripts in the field of Software: NQ Mobile, FireEye Inc, Adobe Systems. Let’s take a close look at what might be in store for the three given stocks.
NQ Mobile (NQ) recently responded to a Muddy Waters’ research report dated Jul 7, 2014. The company cited a report from an independent investigation to defend itself against the allegations of Muddy waters.
Shares of NQ Mobile were up 6.8% (28 cents) following the investigation. This investigation was conducted by a Special Committee comprising four of its independent directors along with two renowned firms, Shearman & Sterling LLP and Deloitte & Touche Financial Advisory Services Limited. The aim of the investigation was to determine whether NQ Mobile had resorted to any unfair means or not.
Software Stocks: FireEye Inc & Adobe Systems
FireEye, Inc. (NASDAQ FEYE), the leader in stopping advanced cyber-attacks, announced it will release financial results for the second quarter of 2014 on Tuesday, August 5, 2014 after the close of the U.S. markets. FireEye will host a conference call the same day at 5:00 p.m. ET (2:00 p.m. PT) to discuss the results. On Thursday shares of FireEye Inc. (NASDAQ FEYE) opened at $32.76 and closed at $33.27. This Year Company’s Earnings per Share (EPS) growth is 18.90% and next year’s estimated EPS growth is -1.79.
Adobe Systems Incorporated (NASDAQ ADBE) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
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Software Stocks Financial News
The three stocksbeen in the news in the past week. All of them have positive things to look forward to in the coming future. Whether the stocks can respond to the given news remains to be seen.
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