In the last trading session, August 12, 2014, the tech stocks showed a mixed performance during the early morning session. Twitter Inc (NYSE:TWTR) flew high whereas Rackspace Hosting, Inc (NYSE:RAX) tumbled down after the company posted average numbers for its recent quarter.

The stocks of Twitter Inc (NYSE:TWTR) increase by 2 percent and reached to $44.08 after the company announced that around 11 percent of its 271 million MAUs (Monthly Active Users), during its second quarter of the year 2014, used and accessed Twitter via third party applications. The company had earlier reported the figures to be around 14 percent of its MAUs.

Twitter Inc (NYSE:TWTR) further said that around 8.5 percent of its all time active users accessed Twitter through third parties interventions. The company said that without the interventions, those 8.5 percent users would have generated additional benefits for the company. According to the company, around 23 million users sent out Twitter information without having to use the website or coming into contact with its advertisements.

The shares of the company, on August 12, started at a price of $44.38 and closed at a price of $43.81. The intraday range for the company’s stocks was recorded to be from $43.61 to $44.72. As far as the market capitalization of Twitter Inc (NYSE:TWTR) is concerned, the numbers are recorded to be around $25.82 billion.  The company has a beta of 0.65 and a target price of $54.5 on its stocks. As far as the EPS (earnings per share) of the company is concerned, the numbers are recorded to be around -$2.02. Its 52 week low is $29.51 and 52 week high is $74.73.
Moreover, Apple Inc (NASDAQ:AAPL) gained mild increases. The stocks of the company started at a price of $96.04 and closed at a price of $95.97, after hitting the highest figures of $96.88. The company has a market capitalization of $574.66 billion with a dividend yield of 1.96 percent.

On the flip side, the stocks of Facebook Inc (NASDAQ:FB) decreased by 0.83 percent.

Coming to the stocks of Rackspace Hosting, Inc. (NYSE:RAX), the shares decreased by 7 percent and came down to $29.09. On August 11, 2014, the cloud services provider reported its second quarter’s financial reports that were nothing but flat; the figures were the same as that of last year’s numbers despite an increase in the sales of the company.

Rackspace Hosting, Inc. (NYSE:RAX), in the last trading session, opened its stocks at a price of $31.50 and closed at a price of $29.50. The company’s intraday range was recorded to be around $28.80 to $31.50. The company has a market capitalization of 4.19 billion with a price to earnings ratio of 50.1. As far as the EPS (earnings per share) of the company’s stocks is concerned, the figures are reported to be around $0.61.

The tech composite of Nasdaq increased by 7 points and reached to a total of 4,394 points. Moreover, the index of Philadelphia Semiconductor was off 0.5 percent.

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