On Thursday, shares in California headquartered Finisar Corp. recorded a trading volume of 1.40 million shares. The stock ended the session 0.23% higher at $30.91. The Company's shares have surged 30.70% in the last one month, 71.15% in the previous three months, and 112.59% on an YTD basis. The stock is trading 31.12% above its 50-day moving average and 72.75% above its 200-day moving average. Moreover, shares of Finisar, which provides optical subsystems and components for data communication and telecommunication applications in the US, Malaysia, China, and internationally, have a Relative Strength Index (RSI) of 79.11.
On September 19th, 2016, Finisar introduced a new family of 100 Gb/s optical modules extending communication reaches in modern enterprise and hyperscale data center environments. Based on the QSFP28 form factor, the comprehensive portfolio includes an eSR4 transceiver designed for 200 meter reaches, an eCWDM4 transceiver for 10km reaches, and an eLR4) transceiver for 20km reaches. A recent report by the Dell'Oro Group estimated that the Cloud Market for Ethernet Switching is expected to reach $8 billion globally by 2020.
On September 19th, 2016, research firm Needham reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $32 a share to $36 a share. Visit us today and access our complete research report on FNSR at:
Palo Alto Networks
California headquartered Palo Alto Networks Inc.'s stock closed the day 1.08% lower at $159.60 and with a total trading volume of 1.34 million shares. The Company's shares have advanced 8.33% in the past month and 26.73% over the previous three months. The stock is trading 12.50% above its 50-day moving average and 11.79% above its 200-day moving average. Additionally, shares of Palo Alto Networks, which provides security platform solutions to enterprises, service providers, and government entities worldwide, have an RSI of 70.14.
On September 13th, 2016, research firm Wunderlich resumed its 'Buy' rating on the Company's stock, issuing a target price of $190 per share.
On October 04th, 2016, the company announced that customers implementing its Traps™ advanced endpoint protection offering will meet specific cybersecurity requirements outlined by both the Health Insurance Portability and Accountability Act and the Payment Card Industry Data Security Standard. Independent analysis completed by Coalfire Systems, concludes that organizations in the financial and healthcare sectors can replace legacy antivirus endpoint products with Traps to help prevent cyber breaches while remaining compliant with federal law and industry standards. The complimentary report on PANW can be downloaded at:
Shares in Santa Clara, California headquartered Gigamon Inc. recorded a trading volume of 612,488 shares, and ended yesterday's trading session 0.35% lower at $51.63. The stock has advanced 11.66% in the past month, 29.95% in the previous three months, and 94.32% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 8.15% and 49.34%, respectively. Furthermore, shares of Gigamon, which designs, develops, and sells products and services that provide customers with visibility and control of network traffic for enterprises and services providers in the US, rest of Americas, Europe, the Middle East, Africa, and the Asia/Pacific, have an RSI of 50.95.
On September 14th, 2016, Gigamon announced the launch of its Sell Smart Incentive Program in the US and Canada, an innovative offering that rewards Gigamon Value Added Resellers for selling qualifying security solutions built on the GigaSECURE ® Security Delivery Platform.
On October 05th, 2016, research firm Raymond James downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. Register for free on Stock-Callers.com and access the latest research report on GIMO at:
Super Micro Computer
San Jose, California headquartered Super Micro Computer Inc.'s stock finished Thursday's session 0.86% lower at $22.95 with a total trading volume of 230,043 shares. The Company's shares have advanced 4.60% in the last one month. The stock is trading above its 50-day moving average by 4.72%. Additionally, shares of Super Micro Computer, which together with its subsidiaries, develops and provides high performance server solutions based on modular and open architecture, have an RSI of 55.75.
On September 23rd, 2016, research firm Maxim Group reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $30 a share to $34 a share. Get free access to your research report on SMCI at:
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