Intel Corporation (NASDAQ:INTC) Capital Backed Nirvanix Appoints New CEO

Intel CorporationRecent media reports just revealed that Intel Corporation (NASDAQ:INTC) Capital backed Nirvanix announced a new chief executive officer Debra Chrapaty to head the storage startup firm. Most recently she served at Zynga Inc (NASDAQ:ZNGA) to help steer the company through fierce competition from Amazon.

Chrapaty also served at some of the most prestigious companies including Microsoft where she remained vice president and at E-Trade Technologies she was chief operating officer and president. Chrapaty did serve at Cisco Systems in 2011.

According to Chrapaty Nirvanix is well positioned with great growth opportunities. She built some of the largest cloud environments in the industry. Zynga Inc (NASDAQ:ZNGA) announced her departure on Monday. Joining Nirvanix signals that Chrapaty has appetite for running the startups although she served at some big tech giants.

In 2012 Chrapaty joined the board of directors of Nirvanix as executive chairwoman. At that time the company was recapitalized by Intel and Khosla Venturesfor nearly 25 million US dollars.

Coming to the stock performance in last Session Intel Corporation (NASDAQ:INTC) in last trading session end up at $21.15 by falling -0.84% with traded volume of 32.74 million shares which is down the average volume of 37.79 million shares.

The stock price saw week’s volatility of 1.37% and month’s volatility is 1.67%, while the stock price of the company is moving down from its 20 days moving average with -0.62% and isolated negatively from 50 days moving average with -0.16%.

Looking at Analytic Ratios; the price to sales ratio of INTC in past twelve months was calculated as 1.96 and price to cash ratio as 5.76. Company return on equity ratio is recorded as 22.66% and its return on assets is 14.16%.

INTC belongs to Technology sector. Yesterday Dow Jones U.S. Technology Index (STC) was at 751.26 with -0.33% change.

Coming to the stock performance in last Session ; Zynga Inc (NASDAQ:ZNGA) in last trading session end up at $3.41 by falling -0.29% with traded volume of 16.14 million shares which is down the average volume of 45.45 million shares.

The stock price saw week’s volatility of 3.75% and month’s volatility is 5.34%, while the stock price of the company is moving down from its 20 days moving average with -3.44% and isolated positively from 50 days moving average with 9.72%.

Looking at Analytic Ratios; the price to sales ratio of ZNGA in past twelve months was calculated as 2.09 and price to cash ratio as 2.08. Company return on equity ratio is recorded as -11.72% and its return on assets is -8.22%.

ZNGA belongs to Technology sector. Yesterday Dow Jones U.S. Technology Index (STC) was at 751.26 with -0.33% change.

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