Tech Five: Salesforce to report earnings
Cloud computing firm Salesforce.com reports third quarter earnings after the markets close Wednesday, while another big semiconductor deal is complete.
Let's look at tech stocks to watch Wednesday:
Salesforce. According to analysts, the company is forecast to report $1.7 billion with earnings of 19 cents a share. Last quarter, Salesforce reported revenue of $1.63 billion, up 24% year over year. Shares rose steadily year to date, up from $59.24 to start the year to $77.24 at Tuesday's close.
Google. The tech giant is relaunching its social network Google+ to focus more on user interests. The service struggled to attract users, sitting behind the giant shadow of Facebook. Google+ will tie into the company's Communities and Collections features launched earlier this year.
Fairchild Semiconductor. Fellow firm ON Semiconductor confirmed it will acquire the company for $2.4 billion. The deal is expected to close late in the second quarter of 2016. Shares of Fairchild surged nearly 9% in morning trading.
Groupon. The daily deals service is reportedly closing up shop in four more countries. According to TechCrunch, Groupon will cease operations in Sweden, Denmark, Norway and Finland.
Yahoo. The media giant is being added to an inquiry in New York over daily fantasy sports sites like DraftKings and FanDuel, reports The New York Times.
Follow Brett Molina on Twitter: @brettmolina23.