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Tech Stocks Highlights! Groupon Inc (GRPN), Nutanix Inc (NTNX)

Shares of Groupon Inc (NASDAQ:GRPN) increased 2.24% and closed at $5.01 after opening 4.94 with the overall traded volume of 4.21 million shares. The company’s Market capitalization reached to $2.94 billion, $572.78 million outstanding shares. Its low price was $4.93 and highest price was $5.02. The Distance from 50 day Simple moving average was -6.70% and Distance from 200 day Simple moving average 23.44%.The EPS is -0.28.

Groupon Inc (GRPN) launched #BuyDealsGiveMeals, a food-focused campaign that encourages people to experience one its tens of thousands of local restaurant deals and give back to their community. Starting now and running through Oct. 28, Groupon will donate one meal to Feeding America for every restaurant offer purchased, with the goal of reaching more than 500,000 meals donated.

“Whether it’s paella or pizza, our customers have the unique opportunity to experience the best restaurants in their area and help fight hunger with every purchase,” said Dan Roarty, senior vice president of restaurants, Groupon. “And with the holidays just around the corner, this is a great way to help feed the 1 in 8 Americans who struggle with food insecurity.”

“We’re excited to once again team up with Groupon to continue our fight to end hunger in America,” said Nancy Curby, interim senior vice president of development, Feeding America. “The act of sharing a meal with friends and family can now have a big impact on the lives of families facing hunger.”

Shares of Nutanix Inc (NASDAQ:NTNX) decreased -4.47% and closed at $33.15 after opening 34.00 with the overall traded volume of 2.54 million shares. The company’s Market capitalization reached to $4.35 billion, $14.87 million outstanding shares. Its low price was $33.00 and highest price was $34.80. The Distance from 50 day Simple moving average was -9.08% and Distance from 200 day Simple moving average was -9.08%. The EPS is -1.24.

Nutanix Inc (NTNX) announced that Gartner, Inc. has positioned Nutanix as a leader in the 2016 Gartner Magic Quadrant for Integrated Systems for the second consecutive year. Nutanix believes its continued placement in the Leaders Quadrant is strong validation of its vision to deliver a true enterprise cloud platform which can support the increasing demands of modern businesses.

In order to drive value from their IT infrastructure, enterprises require approaches that collapse the resource silos created by legacy infrastructure and eliminate datacenter complexity. By natively integrating compute, virtualization and storage into a resilient, software-defined solution, the Nutanix enterprise cloud platform gives enterprises the agility, pay-as-you-grow consumption and operational simplicity of the public cloud without compromising the predictability, security and control of on-premises infrastructure. This approach frees enterprises from the constraints of legacy infrastructure and allows them to deliver value back to their business through continuous innovation. And according to Gartner, “twenty percent of mission-critical applications currently deployed on three-tier IT infrastructure will transition to HCISs by 2020.”

 

 

 

About Anthony Davis

Anthony Davis has been a contributor on technology for us since from day one. Anthony Davis has provided his services independently. His educational background in technology has given him a broad base of writing columns on technology.

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