NetSuite Inc. (N) announced Friday morning that it plans to ramp up hiring in the coming months to address accelerated market demand for its cloud business software applications. The company is actively recruiting to fill more than 150 open positions across nearly all functional areas.
NetSuite Inc. posted modest gains around mid-morning Friday and broke out sharply in the early portion of the afternoon. The stock closed higher by 2.46 at $22.36 on the highest volume of the year. NetSuite surged past the upper end of a 2-week range and set a new high for the year.
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