Stock Market Movers: Facebook Inc (NASDAQ:FB), Alcatel Lucent (NYSE:ALU), Nokia Corporation (ADR) (NYSE:NOK), ERIC, Cisco Systems, Inc. (NASDAQ:CSCO)

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By Lisa Bradley on July 12, 2014 Technology & Software

Based on reports the antitrust officials at European Union have begun to ask Facebook Inc (NASDAQ:FB)’s rival firms about what they think of the social network’s plans of acquiring WhatsApp messaging service for a whopping $19billion. This review is possibly because the EU wants to assure its ability to keep the social media market at a competitive edge. Stock of Facebook Inc (NASDAQ:FB) began at $63.41, traded up throughout the session to attain $65.12, and finally at the end of the day settled at $64.97. Weekly stock performance stood at -4.54%.

Alcatel Lucent SA (ADR) (NYSE:ALU) won first role in Vodafone Group (VOD)’s Project Spring investment program with a deal to provide metro cells transmitters incorporated with Wi-Fi and Long Term Evolution (:LTE). On last trade day Alcatel Lucent SA (ADR) (NYSE:ALU) traded with a volume of 4.44million shares in contrast to 8.43million average volume share price. Shares began at $3.62, and achieved highest value at $3.62, rose 1.40% higher to close at $3.62.

Nokia Networks, which is a subsidiary of Finland based telecommunications equipment company Nokia Corporation (ADR) (NYSE:NOK), signed a patent license agreement with Wi-LAN in accordance to which Nokia Networks receives licenses to a broad portfolio of wireless patents related to WCDMA, CDMA, GSM, 4G LTE technologies and HSPA . Under a separate patent agreement, Wi-LAN will acquire from Nokia Networks a portfolio of patents. The financial terms and conditions of the agreement, however, are confidential. On the last trading session Nokia Corporation (ADR) (NYSE:NOK) closed at a price of $7.54. The company’s stock institutional ownership was recorded at 11.60%. NOK has outstanding shares of 3.70 billion in share capital among them floated shares in market arrive at 3.74.

Ericsson (ADR) (NASDAQ:ERIC), announced on July 1 that are in discussion with Verizon Communications Inc and AT&T Inc. (T) about deals to manage their mobile infrastructures. Manager services chief, Claude Geha, stated in an interview today that “We are in discussions”. Stocks of Ericsson (ADR) (NASDAQ:ERIC) began at $11.71 on the last trading day, attained a maximum value of $11.72 and finally when the trade day ended, closed at a price of $11.68. Stocks floated in a day range value of $11.65 – $11.72. Company’s overall market capitalization arrived at $37.77, whereas the company traded with a volume of 2.03million shares, lower than its average volume share price of 3.99million.

In a research report issued Tuesday morning, Cantor Fitzgerald upgraded the objective price of Cisco Systems (NASDAQ:CSCO) to a value of $29.00. Stock of Cisco Systems, Inc. (NASDAQ:CSCO) gained 1.48& on July 9, 2014 to settle at $25.44. The Stock value over the fifty two week period remained $20.22 – $26.49. The company’s overall market capitalization arrived at $130.15 billion, while it traded with a total volume of 35.61 million shares on last trade day. The company has a total of 5.12 billion shares outstanding in its share capital.