Shares of Yahoo! Inc (NASDAQ:YHOO) gained 2.88% to $37.82 on Friday. The company offered net profit margin of -92.80% while its gross profit margin was 56.10%. ROE was recorded as -15.00%. The share price is trading in a range of 36.84 – 37.88 (Price in Dollars). The stock exchanged hands with 14.65M shares contrast to its average daily volume of 13.56M shares. The company employs 10400 people, over the last 12 months has generated revenue of $4.83B and has a net income of $-4479.50M. On May 27, According to Zacks Equity Research, The takeover of Yahoo! Inc (NASDAQ:YHOO) intensified with the U.S. telecom behemoth AT&T Inc. T making a bid for the company. Yahoo has statedly received more than 10 initial bids ranging from around US$4 billion to $8 billion.
Among the notable bidders are Verizon Communications Inc. VZ and private equity firm TPG Capital LP. Before AT&T came into the picture, Verizon was considered as best suited to merge Yahoo into its online platform. However, the entry of AT&T may change the entire landscape.
Internet-based information service provider giant Yahoo is presently struggling with its core businesses. Its mail service, online sports, financial and general news sections and its vital online advertising technology, which includes the video advertising platform, BrightRoll have been on a depreciate. In Feb 2016, Yahoo revealed that it was considering “planned alternatives” for its core businesses, counting an outright sale or a spin-off.
Importantly, Yahoo boasts a noteworthy user base that trails only Google of Alphabet Inc. GOOGL and Facebook Inc. FB. At present, Yahoo has more than 1 billion users for its e-mail, finance, sports and video sites.
In Oct 2015, Verizon also attained Millennial Media, a leading company that sells mobile ads across numerous websites and applications. Its advertising platform is designed to monetize applications for publishers and developers through the use of data-driven ad targeting. Zacks Equity Research Report
Corning Incorporated (NYSE:GLW) shares surged about 1.89% to $20.51 at Friday in New York trading. Shares of company were moving above of 50 days simple moving average with 3.68% while 200 days simple moving average with 12.75%. In the liquidity ratio analysis; debt to equity ratio was 0.28. The company has the institutional ownership of 76.80 percent while the Beta factor was 1.46. Corning Incorporated, as of current trade, has shown weekly upbeat performance of 5.84 percent which was maintained at 9.31 percent in 1-month period. On May 25, Corning Incorporated (GLW) declared that its EDGE8(TM) solution received “Data Center Cabling Product of the Year” honors at the 2016 Datacentre Solutions Awards in London.
Corning`s EDGE8 solution is the industry`s first modular, tip-to-tip optical cabling system to feature an eight-fiber (Base-8) cabling design that maximizes per-rack-unit density for better network scalability and improved link performance.
“Extensive negotiations with all of the major transceiver, switch, server, and storage vendors led us to realize that a Base-8 solution would provide a very high return on investment for 40 to 400G applications that are transceiver independent without costly and disruptive upgrades,” said Tony Robinson, Enterprise Vertical Marketing manager EMEA, Corning Optical Communications. “A successful global adoption and noteworthy industry awards within EDGE8 solution`s first year validate our commitment to innovate highly efficient, forward-looking infrastructures with favorable total costs of ownership for our customers.”
Corning Incorporated (Corning) is engaged in the manufacture of specialty glass and ceramics. The Company operates in five segments: Display Technologies, which manufactures glass substrates; Optical Communications, which is engaged in providing optical solutions; Environmental Technologies, which manufactures ceramic substrates and filter products; Specialty Materials, which manufactures products that provide over 150 material formulations for glass, glass ceramics and fluoride crystals, and Life Sciences segment, which is a developer, manufacturer and supplier of scientific laboratory products.