The Summary Quoteboard displays snapshot quote data.
#Emc stock chart trial
If you require comprehensive real-time bids/asks/quotes, we offer a no-risk trial to one of our real-time products. As a result, the real-time prices displayed may have minor discrepancies when comparing the information with other sites offering real-time data, or with brokerage firms. Note: The Cboe BZX Exchange currently accounts for approximately 11-12% of all U.S. Realtime prices are available during market hours (9:30 AM to 4:00 PM EST). If the symbol has pre-market or post-market trades, that information will also be reflected along with the last (closing) price from the symbol's exchange. Volume will always reflect consolidated markets. During market hours, the realtime Cboe BZX price displays and new trade updates are updated on the page (as indicated by a "flash"). Realtime prices are provided by Cboe BZX Exchange on individual U.S. EMC shares are weak right now, and they may remain that way for a bit longer, but the long and short is that EMC's latest drop in the share price may be a longer-term gift for when the dust settles in the days ahead.The Quote Overview page gives you a snapshot view for a specific symbol. The latest drop down to $23.40 or so is also where some prior support came in during the middle of summer. Note that this caused technical damage to the stock chart, as the 200-day moving average was violated ($24.50 current 200-day MA). EMC shares lost about 4.75% on Tuesday after the earnings report, and the stock was down more than 2.5% more to $23.40 in early morning trading on Wednesday.ĪLSO READ: Ten Brands That Will Disappear in 2014 Prior to any downgrades and price target cuts from outside analysts, EMC's consensus price target from analysts was about $30, and that is just under $30 now. This is just more proof that the world of data storage growth is nearly endless. It showed that some 90% of Big Data is simply unstructured. In short, company IT budget cutbacks may be seen temporarily, even if unrelated industries face sudden business loss as a domino effect.ĮMC's 2012 annual report pointed out that the 2.8 zettabytes globally would be somewhere around 40 zettabytes by the year 2020.
While this was just under the expectations, it is still sales growth of almost 7% over 2012.ĮMC depends a lot on sales to local and federal governments, but it also sells through many technology players that also overlap in sales with government and other key business entities, because those clients deal with government entities or are subject to sudden slowing trends in times of uncertainty. Consolidated revenues now are expected to be about $23.25 billion for 2013. federal spending and a back-end-loaded quarter. The theme to consider is that the results were blamed on a decline in U.S.
This should easily help the EMC stock price more than it hurts it.ĪLSO READ: The Most Educated Countries in the World
#Emc stock chart full
The $3.5 billion cited represents close to 150 million shares at the current price level, and that would be about nine full trading days of volume on average.
#Emc stock chart driver
It could be a handy driver of share price support ahead. EMC forecast that it would repurchase around $3.5 billion of its own common stock in 2013 and the first half of 2014.ĪLSO READ: The Most Dangerous States in America EMC also ended the third quarter with $17.5 billion in cash and investments. Third-quarter consolidated revenue was up 5% to $5.5 billion, and comparable earnings came in at $0.40 per share. What has been seen in the stock price in the past two days simply may be an overreaction to what should have been anticipated, but we also have to point out that the weakness may persist as technical damage was done to EMC's stock chart.ĪLSO READ: The Least Tax-Friendly States for Business This looks like another situation when the efficient market hypothesis failed to come into play.
It should have been no surprise that a government shutdown would have an impact on orders for the storage giant. ( EMC) was hit a little harder than we expected with its company earnings report for the third quarter and for its guidance.
0 kommentar(er)
