Home / Features / Alibaba Group Holding (NYSE:BABA) Aims To Open Four New Cloud Data Facilities Outside China- General Dynamics (NYSE:GD)

Alibaba Group Holding (NYSE:BABA) Aims To Open Four New Cloud Data Facilities Outside China- General Dynamics (NYSE:GD)

Shares of Alibaba Group Holding Limited (NYSE:BABA) [Trend Analysis] swings enthusiastically in regular trading session, it raise of 0.02% to close at $93.41. Alibaba (BABA) Cloud aims to open four new data facilities outside China, the cloud unit of Alibaba Holdings Ltd stated on Monday, as it seeks to grab global market share from leading players Amazon.com Inc and Microsoft. The data facilities in Dubai, Germany, Japan and Australia will extend the reach of China’s leading cloud computing service provider to every major continent, and marks the recent step in the unit’s $1 billion infrastructure investment drive.

Also known as Aliyun, the unit has flourished domestically thanks to Beijing’s strategic emphasis on building homegrown cloud technology, while foreign firms have grappled with stringent licensing restrictions in the country. However, it accounts for a much smaller slice of the global market for cloud computing, defined as the storage of data on remote networks rather than local servers, which is predictable to reach $135 billion by 2020, according to research firm Canalys. Moving forward to saw long-term intention, the experts calculate Return on Investment of 7.20%. The stock is going forward its fifty-two week low with 57.65% and lagging behind from its 52-week high price with -14.98%. BABA last month stock price volatility remained 2.70%.

General Dynamics Corporation (NYSE:GD) [Trend Analysis] retains strong position in active trade, as shares scoring 1.09% to $168.43 in a active trade session, while looking at the shares volume, about 1.52 Million shares have changed hands in this session. General Dynamics (GD) reported that Dirk Lesko has been elected a vice president of the corporation and designated as president of General Dynamics Bath Iron Works. Lesko was appointedvice president and general manager for Bath Iron Works in August 2015. Lesko joined Bath Iron Works in 1990 and has held leadership positions in multiple departments.

Kevin Graney has been elected a vice president of the corporation and designated as president of General Dynamics NASSCO. Graney was designated vice president and general manager of NASSCO in November 2013. He joined NASSCO in 2006 from General Dynamics Electric Boat. The firm stated the appointments are effective January 1, 2017, following the retirement of Frederick Harris. The firm has institutional ownership of 87.50%, while insider ownership included 0.60%. GD attains analyst recommendation of 1.70 with week’s performance of -1.03%. Investors looking additional ahead will note that the Price to next year’s EPS is 3.28%.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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