Snapshot
Facebook, Inc. (NASDAQ:FB), of the Technology sector was at a price of $104.04 recently, marking a change of 0.09%. Facebook forecasts a earnings per share growth of 2.86% over the next year. Its return on investment is presently 8.30% and its debt to equity is presently 0.00. Facebook has a market cap of 294.22B and its gross margin is 83.10%.
Volume
Here are the statistics on Facebook, Inc. (NASDAQ:FB)’s 52-week performance presently. It has a 52 week low of 44.50%, a 52 week high of -5.97%, and a simple moving average of 7.19% over the last 50 days. Its volume is 49,140,600 with an average volume of 30.92M. Volume is the number of shares traded in either a stock, or an exchange during a set period of time. High activity stocks may mean that something is going on in the company, and are therefore watched more closely by investors. Volume is most simply put, the amount of shares that trade hands.
News Update:
Facebook, Inc. (NASDAQ:FB), wants to conduct testing of airborne wireless technology in Southern California next month, using experimental technology made by defense contractor Raytheon, according to a recent FCC filing.
The filing asks the Federal Communications Commission for special authority to test “applications for air to ground communications in the E-band.”
The filing was presented by FCL Tech, a partner that Facebook created for its Connectivity Lab initiatives, which involve using drones to offer internet access in underserved parts of the world.
Facebook plans to test an application “by operating one ground station and one airplane-mounted station. Each station will have one E-band radio and one discovery radio operating at 2.385 GHz,” the filing said.
The social-media company wants to test the technology in Camarillo, California, about 52 miles from Los Angeles, between December and March, according to the filing.
The company and Google are racing to develop drones and other technology to blanket the globe with internet access. Earlier this year, Google received approval from the FCC to test a communications system using an aircraft and fixed-ground locations in New Mexico, Oregon, and California.
Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications. The companys products comprise Facebook, Inc. (NASDAQ:FB), mobile app and Website that enable people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Messenger, a mobile-to-mobile messaging application available on Android, iOS, and Windows phone devices; Instagram, a mobile application that enable people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; and WhatsApp Messenger, a cross-platform mobile messaging application that allows people to exchange messages on iOS, Android, BlackBerry, Windows phone, and Nokia devices. As of December 31, 2014, it had 1.19 billion monthly active users and 890 million daily active users. Facebook, Inc. was founded in 2004 and is headquartered in Menlo Park, California.