Alibaba Group Holding (NYSE:BABA) Is Looking To Grow Its B2B Footprint in Middle East- FireEye (NASDAQ:FEYE)

Alibaba Group Holding Limited (NYSE:BABA) [Trend Analysis] luring active investment momentum, shares a loss -0.20% to $88.67. Chinese e-commerce giant, Alibaba (BABA) is looking to grow its business-to-business (B2B) footprint in the Middle East, according to a senior official. The company’s B2B business mainly focuses on SMEs, enabling them to sell and buy on the Alibaba platform. “There is huge opportunity here in the Middle East because this region has traditionally been a trading hub, linking the West and East,” said Michael Mang, head of Business development and Marketing for APAC and MENA at Alibaba.com.

On the other hand, Jack Ma’s quest to grow Alibaba (BABA) into a one-stop-shop for all kinds of business and consumer needs continued Thursday as the company declared a pair of partnerships aimed at boosting two of its key initiatives: content delivery and cloud storage. “Alibaba is expanding beyond its core e-commerce marketplace business into both media and cloud hosting, following the game plan that has generated great success for Amazon,” said Gil Luria, director of research at Wedbush Securities.

“It makes sense for Alibaba to work with its largest investor Softbank on a cloud JV in Japan, considering Softbank’s presence in Japan.” The total volume of 11.29 Million shares held in the session was surprisingly higher than its average volume of 14405.23 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 188.80%, and looking further price to next year’s EPS is 25.08%. While take a short look on price to sales ratio, that was 11.95 and price to earnings ratio of 47.31 attracting passive investors.

Shares of FireEye, Inc. (NASDAQ:FEYE) [Trend Analysis] runs in leading trade, it moving up 0.23% to traded at $13.21. The firm has price volatility of 2.90% for a week and 3.36% for a month. FireEye, Inc. (NASDAQ:FEYE) and NATO Communications and Information (NCI) Agency declared an Industry Partnership Contract (IPA) for cyber security information sharing, which is another progressive step forward in strengthening NATO networks and systems and FireEye iSIGHT Intelligence.

“If we are going to move faster than the cyber threats we face, then it is absolutely imperative that we exchange timely and actionable threat information with industry,” said Maj. Gen. (ret) Koen Gijsbers, General Manager of the NCI Agency. “Our existing IPAs have already shown impressive results that are making a real difference to NCI Agency and our industry partners. FireEye’s depth of expertise from responding to many of the largest cyber breaches in the world will be very valuable to the IPA framework, and we look forward to a productive partnership.”

Narrow down four to firm performance, its weekly performance was -4.77% and monthly performance was -6.66%. The stock price of FEYE is moving down from its 20 days moving average with -0.20% and isolated positively from 50 days moving average with 1.77%.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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