Intel Corporation (NASDAQ:INTC) [Trend Analysis] moved down reacts as active mover, shares a decrease -0.44% to traded at $36.28 and the percentage gap among open changing to regular change was -0.93%. Intel Corp. (INTC) and TPG revealed a definitive contract under which the two parties will establish a newly formed, together-owned, independent cybersecurity firm.
The new firm will be called McAfee following transaction close. TPG will own 51 percent of McAfee and Intel will own 49 percent in a transaction valuing the business at about $4.2 billion. TPG is making a $1.1 billion equity investment to help drive growth and enhance focus as a standalone business. Chris Young will be designated CEO of the new firm upon closing of the transaction. The firm’s current ratio calculated as 1.70 for the most recent quarter. The firm past twelve months price to sales ratio was 3.04 and price to cash ratio remained 9.74. As far as the returns are concern, the return on equity was recorded as 16.80% and return on investment was 13.60% while its return on asset stayed at 9.70%. The firm has total debt to equity ratio measured as 0.47.
Marvell Technology Group Ltd. (NASDAQ:MRVL) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -0.04% to $12.55. Marvell Technology Group Ltd. (MRVL) swung to a profit in the recent quarter, though income slid over predictable, and the firm provided a mixed outlook for the current period.
The Silicon Valley chip maker anticipates third-quarter earnings of 8 cents to 13 cents a share, below analyst anticipates for 14 cents, according to Thomson Reuters. Income is projected to come in flat to down 4%, better than analyst anticipates for down 5%. The share price of MRVL attracts active investors, as stock price of week volatility recorded 3.60%. The stock is going forward to its 52-week low with 71.52% and lagging behind from its 52-week high price with -3.94%.