This Article contains reviews for three High Profile Software Stocks, namely, QUALCOMM Incorporated, Alcatel-Lucent & Tableau Software. There was mixed fortune for all the three stocks, as the segment on the whole remains volatile. Let’s take a closer look.
A former president of Qualcomm Incorporated (NASDAQ QCOM)’s global business operations pleaded guilty on Monday to insider trading in shares of the mobile phone chipmaker and a company it bought in 2011, as well as to a related money laundering charge. Jing Wang, 51, entered his plea before U.S. District Judge William Hayes in San Diego, according to the U.S. Department of Justice.
On last trading day QUALCOMM Incorporated (NASDAQ:QCOM) share price ended up at $79.67. Company net profit margin stands at 26.90% whereas its return on equity (ROE) is 18.60%. QUALCOMM Incorporated (NASDAQ:QCOM) is -1.98% away from its 52 week high.
Software Stocks: Alcatel-Lucent & Tableau Software
On July 17, Alcatel-Lucent’s (NYSE:ALU) Bell Labs has opened a new ‘antenna’ office in Cambridge, UK, led by Bo Olofsson. From this base Bo will head global research into real-time delivery of video to all types of connected devices, such as smartphones, games consoles, tablets, Smart TVs, and more across Bell Labs. This is the second Bell Labs antenna office and follows the opening of the Israel Bell Labs cloud research facility in May. A third location will be announced later this year.
Stock analysts at BMO Capital Markets started coverage on shares of Tableau Software Inc (NYSE:DATA) in a report issued on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock. Tableau Software, Inc (NYSE DATA) traded 757669 shares and its share price surged 2.08% to close at $60.93. Company has 0.80% insider ownership. Tableau Software, Inc. (NYSE:DATA) quarterly performance is -4.21% while its year to date (YTD) performance is -11.61%.
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The three stocks, QUALCOMM Incorporated, Alcatel-Lucent & Tableau Software, have all been in the news in the past week, although for different reasons altogether. Qualcomm may find the coming weeks hard as they deal with the negitive news. The other two remain optimistic, with Alcatel-Lucent remaining a great option for the investors.
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