Technology is currently the greatest dividend payer of the 10 segments that make up the S&P 500 and has a yield of 1.5 percent.
Of course, the growth potential that technology stocks offer also comes with big price swings. New technologies are constantly making older ones obsolete, leading to more volatility.
Apple, which has the greatest weighting in the Nasdaq, paced increases in February. Avago Technologies Ltd. climbed 24 percent in the month as the semiconductor organization consented to buy Emulex Corp. Salesforce.com surged 23 percent as it raised its income estimate.
Tech companies are more beneficial, and they’re paying dividends. Experts are passing judgment on them in view of the amount of money they produce as opposed to what number of eyeballs they draw in on the Internet.
Insights about those technology sector stocks that surged during Friday’s trade in U.S. stock exchange, are depicted underneath:
Autodesk, Inc. (NASDAQ:ADSK)’s shares picked up 5.29%, and closed at $64.24, hitting new 52-week high of $65.00, during the last trading session, soon after the news release that Autodesk, Inc. (ADSK) stated financial results for the fourth quarter and full fiscal year ended January 31, 2015. The strong raise in billings and subscriptions and record cash flow from operating activities reflect continued progress on the company’s ongoing business model transition.
Fourth Quarter Fiscal 2015:
- Total billings raised 13 percent, contrast to the fourth quarter last year as stated, and 20 percent on a constant currency basis.
- Deferred proceed raised 28 percent to a record $1.16 billion, contrast to $901 million in the fourth quarter last year.
- Total subscriptions, counting maintenance, desktop (rental), and cloud subscriptions, raised by about 100,000 from the third quarter of fiscal 2015, counting about 17,000 subscriptions related to the recent attainment of Shotgun. This is the first quarter that Shotgun subscriptions have been comprised of in the subscription count.
- Proceed was $665 million, an raise of 13 percent contrast to the fourth quarter last year as stated, and 15 percent on a constant currency basis. Proceed contribution from the recent attainment of Delcam was about $20 million.
- GAAP operating margin was 2 percent, contrast to 9 percent in the fourth quarter last year.
- Non-GAAP operating margin was 13 percent, contrast to 20 percent in the fourth quarter last year. A reconciliation of GAAP to non-GAAP results is offered in the accompanying tables.
- GAAP diluted earnings per share were $0.05, contrast to $0.23 in the fourth quarter last year.
- Non-GAAP diluted earnings per share were $0.25, contrast to $0.40 in the fourth quarter last year.
- Cash flow from operating activities was a record $257 million, contrast to $184 million in the fourth quarter last year.
Autodesk assists people imagine, design and create a better world. Everyone-from design professionals, engineers and architects to digital artists, students and hobbyists-uses Autodesk software to unlock their creativity and solve important challenges.
Ruckus Wireless, Inc. (NYSE:RKUS), raised 5.32%, and closed at $12.66, as a provider of Wi-Fi solutions, formerly declared recently that Seamus Hennessy, chief financial officer, will be presenting at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco, CA on Wednesday, March 4, 2015.
Headquartered in Sunnyvale, CA, Ruckus Wireless, Inc. (RKUS) is a global supplier of advanced wireless systems for the rapidly expanding mobile Internet infrastructure market. The company offers a wide range of indoor and outdoor “Smart Wi-Fi” products to mobile carriers, broadband service providers, and corporate enterprises, and has over 48,000 end-customers worldwide. Ruckus technology addresses Wi-Fi capacity and coverage challenges caused by the ever-increasing amount of traffic on wireless networks due to accelerated adoption of mobile devices such as smartphones and tablets.
Infoblox Inc (NYSE:BLOX), enhanced 9.51%, and closed at $23.25, hitting new 52-week high of $25.00, soon after the news release that the network control company, stated its financial results for its second fiscal quarter ended January 31, 2015. Total net proceed for the second quarter of fiscal 2015 was a record $74.3 million, an raise of 22.0% on a year-over-year basis.
On a GAAP basis, the Company stated a net loss of $7.0 million, or $0.13 net loss per fully diluted share, for the second quarter of fiscal 2015, contrast with a net loss of $4.4 million, or $0.08 net loss per fully diluted share, for the second quarter of fiscal 2014.
The Company stated non-GAAP net revenue of $5.3 million, or $0.09 diluted net revenue per share on a non-GAAP weighted-average share basis, for the second quarter of fiscal 2015, contrast with non-GAAP net revenue of $6.6 million, or $0.11 diluted net revenue per share on a non-GAAP weighted-average share basis, for the second quarter of fiscal 2014. The GAAP to non-GAAP reconciling items for the second quarters of fiscal years 2015 and 2014 can be found in the “Reconciliation of GAAP to Non-GAAP Financial Measures” attached to this press release.
Infoblox Inc (NYSE:BLOX), delivers network control solutions, the fundamental technology that connects end users, devices, and networks. These solutions enable more than 7,900 enterprises and service providers to transform, secure, and scale complex networks.
ServiceSource International, Inc. (NASDAQ:SREV), enhanced 6.90%, and closed at $3.72, soon after the news release that the global leader in recurring proceed administration, declared financial results for the fourth quarter and full year ended December 31, 2014.
GAAP proceed was $74.7 million in the fourth quarter, representing a 3.3% decrease from the $77.2 million delivered in same the period in the preceding year. Non-GAAP proceed, which excludes the influence of the reduction of deferred proceed in connection with our attainment of Scout Analytics, was $74.9 million, reflecting a 2.9% decrease from the same period in the preceding year.
For the fourth quarter of fiscal year 2014, adjusted EBITDA was $4.4 million, contrast with $8.6 million for the same period last year. GAAP net loss in the quarter was $13.5 million, or $0.16 per share, which comprises an intangible assets impairment charge of $4.1 million, contrast with GAAP net loss of $2.0 million, or $0.02 per share, for the same period last year. Non-GAAP net revenue in the quarter was $0.5 million contrast with $3.2 million for the same period last year. Non-GAAP EPS was $0.01 revenue per basic and diluted share, contrast with $0.04 per diluted share for the same period last year.
For the full year 2014, GAAP proceed was $272.2 million, flat contrast with $272.5 million for fiscal year 2013. Adjusted EBITDA was negative $19.2 million, contrast with adjusted EBITDA of $17.7 million for fiscal year 2013. GAAP net loss for the year was $95.2 million, or $1.15 per share, contrast with a loss of $22.9 million, or $0.29 per share for 2013. Non-GAAP net loss for the year was $18.7 million, contrast with non-GAAP net revenue of $5.3 million in 2013. Non-GAAP net loss for the year was $0.23 per diluted share, contrast with non-GAAP net revenue of $0.06 per diluted share for 2013.
ServiceSource (SREV) provides the world’s leading B2B companies with expert managed services, cloud software and best-practice processes proven to raise customer success, drive proceed growth and decrease churn from existing customers.
