On Thursday, Shares of Cisco Systems, Inc. (NASDAQ:CSCO), lost -0.73% to $25.88.
In 20 years at Cisco Systems Inc., Rob Lloyd assisted sell technology for data pipes. Now he plans to assist make a different kind of pipe to transport people and products, according to WSJ.
The former Cisco president on Wednesday was named chief executive of Hyperloop Technologies Inc., a Los Angeles startup formed to try to realize a radical transportation concept projected by Tesla Motors Inc. CEO Elon Musk. The startup is developing special tubes, air compressors, electric motors and “HyperPods”–akin to train cars–for moving cargo or passengers at speeds of more than 700 miles an hour.
Musk’s Hyperloop vision was greeted with considerable skepticism from public officials and others when it was projected in a 2013 white paper. But Mr. Lloyd said he was convinced to take the job by the the technical talent at the startup and by the progress its engineers have made to date. WSJ Reports
“They are going to make it happen,” he said.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide. It provides switching products, counting fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.
Shares of Applied Materials, Inc. (NASDAQ:AMAT), declined -0.93% to $16.02, during its last trading session.
Applied Materials was downgraded by Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Wednesday, AnalystRatings.NET reports. They presently have a $17.94 price target on the manufacturing equipment provider’s stock.
Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. The company’s Silicon Systems Group segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.
Finally, Newmont Mining Corporation (NYSE:NEM), ended its last trade with 1.77% gain, and closed at $17.24.
In a note revealed to investors on Friday morning, investment analysts at FBR Capital began coverage on shares of Newmont Mining (NEM). The firm set a Market Perform rating with $16, giving -7.19% to target.
Out of 18 brokers covering Newmont Mining, 0 rate it a Buy, 0 indicate a Hold while 0 suggest a Sell. The highest target is $35 and the lowest is $17 according to Thomson/First Call. The 12-month mean target is $24.42, which means upside potential of 41.65% over the current price.
Newmont Mining Corporation operates in the mining industry. It primarily acquires, develops, explores for, and produces gold, copper, and silver deposits. The company’s operations and/or assets are located in the United States, Australia, Peru, Indonesia, Ghana, and New Zealand.
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