Cisco systems stocks piece declined during yesterday’s trading session, and recorded its larget daily loss by percentage in nine years, following the release of the company’s disappointing results.
Cisco systems quarterly revenue fell 9% during the quarter ending June 30, while earning per share (EPS) jumped 2.25$ during the same period.
The American technology company is working to reduce the volume of operating expenses by about 9%, in light of the problems associated with the Coronavirus.
Cisco systems revenue from technology infrastructure and platforms for data centers fell 16% to $ 6.63 billion in the second quarter, compared to forecasts of $ 6.48 …
Amazon shares declined during trading session yesterday in light of pressures on the technology sector with mounting concerns about renewed trade disputes between the United States and China.
This comes after US President “Donald Trump” signed an executive order banning any dealings by his administration or his country’s companies with “WeChat” and “TikTok” apps within 45 days.
The Trump administration has increased its pressure on Chinese technology companies, such as Huawei, TikTok, and WeChat, due to accusations of espionage, at times, breaching and stealing intellectual property rights at other times.
And “Amazon” revealed last week that it achieved record profits and revenues during the second quarter, supported by the “Corona” crisis and the associated restrictions on closure and isolation that pushed consumers towards shopping online. …
The company revealed in its earnings results published on Sunday, that the net profit of the Saudi Arabian Oil Company for the second quarter of the fiscal year 2020 fell by 73.4% to $ 6.6 billion. Saudi Aramco’s net income in the first half of the fiscal year decreased by 50.5% to $ 23.2 billion in the six-month period ended June 30.
The company’s capital expenditures for the second quarter and first half of the fiscal year 2020 amounted to $ 6.2 billion and $ 13.6 …
The American company “Uber Technologies” today announced that it recorded quarterly losses and a decrease in revenues during the second annual quarter due to the “Corona” crisis and its harmful impact on several sectors.
“Uber” losses amounted to $ 1.78 billion, or $ 1.02 per share, in the second quarter, compared to losses of about $ 4.72 per share during the same period last year, while analysts expected to record losses of about 81 cents per share.
The US company’s revenue fell 29% to $ 2.24 billion from $ 3.17 billion in revenue in the same period in 2019, and analysts had forecast revenue of $ 2.1 …
Johnson & Johnson shares rose during trading session on Wednesday after the announcement of a deal between the pharmaceutical company and the US federal government.
The company revealed an agreement to sell 100 million doses of its vaccine, which is still in the process of testing, for a billion dollars to the United States, as part of the latter’s efforts to control the “Corona” virus crisis.
In terms of trading, Johnson & Johnson rose 0.8% to close the session Wednesday at 148.4 dollars, and recorded the highest price at 149.3 dollars, while the lowest price was at 147.8 dollars.
“Moderna” shares declined during Wednesday’s trading, despite achieving strong revenue during the second quarter, supported by the experiences of its promising vaccine to prevent corona infection.
“Moderna” reported quarterly revenue of $ 66.4 million in the second quarter, compared to expectations that indicated $ 27.4 million in revenue and after revenue in the same period in 2019 at $ 13.1 million.
The American Drug and Biotechnology Company reported a quarterly loss of $ 116.7 million, or 31 cents a share, in the second quarter, compared to a loss of $ 134.9 …
Shares of “Apple” rose significantly since Monday’s trading, achieving the highest record closing ever, which pushed the market value to a historical level approaching a trillion-dollar barrier.
Last Thursday, Apple announced strong earnings and revenues during the quarter ending June 30.
Apple is preparing to launch an inexpensive version of its iPhone, the iPhone SE, but newer iPhone releases awaiting its fans in September of each year may delay the announcement for weeks.
And Apple made a decision to close a number of its stores in the United States due to the high number of infections with the Corona virus and warnings about the continuation of the crisis. …
Share of Microsoft rose strongly during Monday’s trading, following confirmation of news of negotiations between the American software company and the Chinese “Beat Dance”, owner of the popular video application “TikTok”
Microsoft has announced that it is in advanced negotiations to acquire Tik-Tok assets and businesses in the United States.
This comes amid intense pressure from the US administration to end the presence of Chinese-language Tik Tok in the United States due to privacy and espionage concerns.
The administration of US President Donald Trump gave the green light to Microsoft negotiations until mid-September, or else Tik Tok would be banned entirely in the US market. …
Shares of Eastman Kodak jumped more than 300 percent on Wednesday, amid a strong buying surge from retail traders across the Robinhood Markets platform, a day after the US government said the company would receive a $ 765 million loan to produce ingredients for pharmaceuticals.
More than 78,500 users of the popular Robinhood trading application bought Kodak shares on Wednesday, according to the Rubentrack dot net website, which uses Robin Hood data.
Kodak shares, known for their cameras and photographic equipment, closed at $ 33.20, while at the close two days ago it recorded only $ 2.62.
US stocks keeps their gains on Wednesday after the Federal Reserve reiterated its pledge to use all tools available to it to support the economy, which it said had its prospects “will largely depend on the path of the virus.” …
Gold prices advanced significantly during Friday trading, trying to touch the level 2000 dollars before retreating. In the end, this market has reached a major area, and it is reasonable for traders to collect profits, especially when considering that it was a Friday and many of them do not prefer to carry risks to the weekend. With that in mind, I think it is only a matter of time before buyers return, but we desperately need to see some kind of significant downturn so that we can find the value. …