During Tuesday’s current trade, Shares of Facebook, Inc. (NASDAQ:FB), gained 1.47%, and is now trading at $84.22, after analysts at Cleveland Research initiated coverage on the social media giant with a “buy” rating this morning.
The firm set a price target of $100, and said Facebook has noteworthy advantages in targeting capabilities for digital ads and engagement levels.
Cleveland Research analysts added that the company has superior technology for creating and tracking advertisements, together with the best mobile application, and a strong return on investment.
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.
During morning trade, Shares of Regions Financial Corporation (NYSE:RF), climbed 1.62%, and is now trading at $9.78.
Today, Regions Financial Corporation, declared earnings for the first quarter of 2015. The company stated net income accessible to common shareholders of $218 million and earnings per diluted share of $0.16.
First quarter 2015 results contrast to first quarter 2014:
- Ending loans totaled $78 billion, an raise of $2.6 billion or 3 percent as production raised 11 percent.
- Business lending ending balances raised 4 percent as production raised 8 percent.
- Consumer lending ending balances raised 2 percent as production raised 30 percent.
- Ending deposit balances totaled $97 billion, an raise of $4 billion or 4 percent as low-cost deposits raised 6 percent.
- Net interest income was relatively stable at $815 million despite the influence on asset yields resulting from a continued low interest rate environment; however, net interest margin declined 8 basis points.
- Non-interest income raised 3 percent driven by growth in wealth administration, capital markets and credit card revenues, but were partially offset by economic and regulatory headwinds that reduced total service charges. Revenue was also influenceed from a product discontinuation, which reduced income by $9 million.
- Non-interest expenses raised in part due to branch optimization and debt administration expenses in the first quarter of 2015, in addition to gains on the sale of troubled debt restructured loans (TDRs) recorded in the preceding year. Not taking into account these items, adjusted non-interest expenses(1) improved 1 percent, and the adjusted efficiency ratio(1) improved 100 basis points.
- Credit quality improved as net charge-offs declined 34 percent, representing 0.28 percent of average loans, and non-performing loans (not taking into account loans held for sale) declined 25 percent.
Regions Financial Corporation, with $122 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth administration, mortgage, and insurance products and services.
Shares of Alcatel-Lucent (NYSE:ALU), during its Tuesday’s current trading session gained 4.20%, and is now trading at $4.03.
Today, Alcatel-Lucent, has launched Rapport™, a software-based, open platform that gives large enterprises and service providers a new, and much more flexible way to deliver communications and partnership services.
With Rapport, the communications network becomes a platform for innovation, enabling the creation of new ‘contextual communications’, where fundamental services such as voice, chat, video conferencing and sharing become functions accessible to any application, website or connected object. These services can then be accessed by application developers using open application programming interfaces (APIs) and simple software development kits (SDKs).
Rapport goes beyond simple virtualization to fully embrace the cloud with a single software platform that can be deployed on any commercial, off-the-shelf hardware, dramatically driving down the cost and complexity of deploying and managing communications services.
Rapport is based on a fully re-architected version of Alcatel-Lucent’s IP Multimedia Subsystem (IMS) software, the foundation for the company’s award-winning Voice over LTE (VoLTE) solution. Distinct configurations have been developed to address the unique requirements of large enterprises and service providers respectively, and were designed based on years of experience addressing these challenges in live networks.
Key Facts:
- Rapport simplifies software lifecycle administration and reduces costs with a single cloud communication platform that assists eliminate communication silos.
- Rapport adapts user experiences to the constantly changing needs of customers.
- Rapport transforms communications into an asset that can be built into any application, web site and connected object.
- Rapport is based on re-architected IMS software with fully decomposed Virtual Network Functions, that can be delivered on any commercial off the shelf (COTS) hardware, and works with any NFV platform.
- Rapport enables new services to be more rapidly introduced, through access to communication features via open published APIs and SDKs.
Alcatel-Lucent is the leading IP networking, ultra-broadband access and cloud technology specialist. We are dedicated to making global communications more innovative, sustainable and accessible for people, businesses and governments worldwide.
Finally, Advanced Micro Devices, Inc. (NASDAQ:AMD), declined -4.42% Tuesday.
Today, Schubert Jonckheer & Kolbe LLP recently launched an investigation into potential derivative claims on behalf of shareholders of Advanced Micro Devices, related to the company’s statements regarding its Llano microarchitecture and manufacturing yield problems.
The investigation concerns whether the company’s officers and directors breached their fiduciary duties by making misleading statements about AMD’s Llano microarchitecture between April 4, 2011 and October 18, 2012. The Llano microarchitecture is an accelerated processing unit, which contains a series of 64-bit microprocessors designed to act as a central processing unit (“CPU”) and graphics accelerator (“GPU”) on a single chip. AMD administration touted the Llano as an unprecedented APU that would produce high gross margins.
Due to problems with the Llano production process, however, the new microarchitecture missed its slated launch date in 2012, and AMD wrote down $100 million of Llano inventory as unsalable. The company may have also overestimated demand for the Llano APU, making allegedly misleading statements that there was “higher than anticipated” interest in the chips. During this period, AMD’s stock price dropped $6.17—nearly 74% of it value.
AMD’s officers and directors made statements about the Llano that may have exposed the company to noteworthy civil liability. The company presently faces a class action lawsuit alleging that the company knew about the Llano yield problems and concealed these facts from the public. On March 31, 2015, U.S. District Judge Yvonne Gonzalez Rogers denied AMD’s motion to dismiss the class action, which may expose the company to millions of dollars in damages, in addition to investigatory and litigation costs.
If you presently own stock in Advanced Micro Devices, Inc. and wish to obtain additional information about our investigation and your legal rights, please contact Dustin Schubert by email at [email protected], by telephone at 415-788-4220, or fill out the form on our website at http://classactionlawyers.com/AMD.
Schubert Jonckheer & Kolbe has extensive experience in prosecuting securities claims and has successfully represented investors throughout the nation in shareholder lawsuits.
AMD (NASDAQ: AMD) designs and integrates technology that powers millions of intelligent devices, counting personal computers, tablets, game consoles and cloud servers that define the new era of surround computing. AMD solutions enable people everywhere to realize the full potential of their favorite devices and applications to push the boundaries of what is possible.
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