Tech Stocks Broker Alerts – Baidu Inc (BIDU), Lifelock Inc (LOCK)
Shares of Baidu Inc (ADR) (NASDAQ:BIDU) ended Thursday session in red amid volatile trading. The shares closed down -0.80 points or -0.46% at $174.61 with 1.70 million shares getting traded. Post opening the session at $173.30, the shares hit an intraday low of $171.89 and an intraday high of $175.19 and the price vacillated in this range throughout the day. The company has a market cap of $59.96 billion and the numbers of outstanding shares have been calculated to be 27.17 million shares.
Baidu Inc (ADR) (BIDU) launched Melody, an AI-powered conversational bot that helps doctors gather information and respond to patients about their medical conditions.
Baidu’s Melody is designed to save time in online discussions between doctors and patients, and provide relevant, contextual information to doctors to assist with recommendations and treatment options.
Melody incorporates advanced deep learning and natural language processing (NLP) technologies developed by Baidu. It integrates with Baidu Doctor, an app that Baidu launched in China in 2015. The Baidu Doctor app allows patients to ask doctors direct questions, book appointments online and search for healthcare-related information.
Andrew Ng, chief scientist, Baidu, said: “Melody is designed to help both doctors and patients. By focusing on the medical assistant space, we’ve built a conversational bot that can give highly-customized and situation-appropriate responses to a patient’s query.”
Shares of Lifelock Inc (NYSE:LOCK) ended Thursday session in red amid volatile trading. The shares closed down -0.04 points or -0.23% at $17.09 with 798,934.00 shares getting traded. Post opening the session at $17.00, the shares hit an intraday low of $16.89 and an intraday high of $17.25 and the price vacillated in this range throughout the day. The company has a market cap of $1.60 billion and the numbers of outstanding shares have been calculated to be 92.59 million shares.
Lifelock Inc (LOCK) announced several executive appointments to add depth, focus the company’s market opportunities and help drive the firm’s overall growth strategy.
Scott Carter, CEO of the LifeLock’s ID Analytics subsidiary, will take on the additional role of Executive Vice President of Enterprise for LifeLock. In this role, he will be responsible for the full range of services the company provides to enterprises to reduce fraud and to enable enterprise growth. Carter will report to Hilary Schneider, LifeLock’s President and Chief Executive Officer.
Finn Faldi joins as Senior Vice President and Partner Revenue Officer. Faldi brings proven leadership in partnerships and operations from Yahoo, Oracle and AppThis. He will focus on growth in the Co-Marketing business, with an emphasis on the largest opportunities.
Terry Reams joins as General Manager of LifeLock’s Employee Benefits team. Reams brings significant experience in the benefits industry, having served as Executive Vice President of Employee Benefits at HUB International, a top ten voluntary benefits broker, and as Senior Vice President and Employee Benefits Executive at Bank of America.