EMC and JDS Uniphase Shares Fall After Software Company Informatica Lowers Earnings Due to Poor European Outlook
Five Star Equities Provides Stock Research on EMC and JDS Uniphase
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 07/09/12 -- Both the Dow Jones and S&P 500 fell roughly 1 percent Friday after the Labor Department's report showed job growth in the U.S. fell short of analysts' expectations. Additionally shares of major tech companies in the S&P 500 fell sharply after software company, Informatica, lowered its second quarter earnings due to a poor European outlook. Five Star Equities examines the outlook for companies in the Technology Sector and provides equity research on EMC Corporation (NYSE: EMC) and JDS Uniphase Corporation (NASDAQ: JDSU).
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"I am disappointed that we fell well short of our own expectations in the second quarter of 2012," Informatica's Chief Executive Sohaib Abbasi said in a statement. "Clearly, we did not adapt as rapidly as we should have to the changing macroeconomic environment, especially in Europe." The company's poor European outlook and subsequent drop in share price triggered a domino effect amongst other tech companies who are seen as vulnerable to an economic slowdown in Europe.
Technology was the worst performing sector out of the 10 in the S&P 500 Index as Autodesk, Citrix Systems, EMC, F5 Networks, JDS Uniphase, Red Hat, Salesforce.com and Teradata all saw shares fall 5 percent or more.
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EMC is a global leader in enabling businesses and service providers to transform their operations and deliver information technology as a service (ITaaS). Fundamental to this transformation is cloud computing. The company in May reported it acquired performance management software expert Watch4Net Solutions Inc. in an all-cash transaction.
JDSU is the worldwide leading provider of broadband test and measurement solutions and optical products for communications, commercial and consumer markets. For the fourth quarter of fiscal 2012, ending June 30, 2012, the company expects non-GAAP net revenue to be in the range of $415 to $435 million.
Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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Datum: 09.07.2012 - 12:20 Uhr
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