FTK runs, CSCO does brisk business, MMYT tagged on taxes

Flotek Industries Inc. (NYSE: FTK) galloped ahead 9.7 percent to $2.94. Volume was 1,511,761 shares, or triple its daily average in volume. Houston-based FTK manufactures and markets innovative specialty chemicals, downhole drilling and production equipment, and manages automated bulk material handling, loading and blending facilities.

Cisco Systems Inc. (NasdaqGS: CSCO) engaged in share volume of 79,993,770 in mid-afternoon trading Monday, climbing over its daily average of 67,017,800. CSCO stock skidded, though, by 0.62 percent in price to $20.02. The San Jose-based software giant announced Monday it will host a live Cisco TV broadcast and Q-and-A session to discuss what organizations need to consider as they transition to IPv6, a version of the Internet Protocol that is designed to succeed the current IPv4 protocol.

MakeMyTrip Limited (NasdaqGM: MMYT) got bruised in mid-afternoon trading Monday, losing 23.25 percent in price to $29.28. MYMT volume was 2,008,990 shares, or four times its daily average. The Indian travel company reported weak quarterly results and said it received a demand of service tax from regulators. For the second quarter, MakeMyTrip reported an adjusted profit of two cents a share in line with analysts view, according to Thomson Reuters I/B/E/S. Excluding service costs, revenue totalled $12.9 million, below estimates of $13.7 million.

Tags: CSCO, FTK, MMYT, nasdaq, NYSE, Technology Stocks

This entry was posted on Monday, November 15th, 2010 at 2:58 pm by Glenn and is filed under Industrial Stocks, Technology Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.