Internet Information Providers Stocks Technical Report -- Alphabet, Match, YY Inc., and VeriSign
Aug 25, 2016, 08:10 ET
NEW YORK, August 25, 2016 /PRNewswire/ --
Ahead of today's session, Stock-Callers.com has issued research reports on four Internet Information Providers, namely, Alphabet Inc. (NASDAQ: GOOG), Match Group Inc. (NASDAQ: MTCH), YY Inc. (NASDAQ: YY), and VeriSign Inc. (NASDAQ: VRSN). These companies specialize in the creation of content disseminated online as well as supply information from a variety of sources. Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
http://stock-callers.com/registration
Alphabet
Mountain View, California headquartered Alphabet Inc.'s stock finished Wednesday's session 0.32% lower at $769.64 with a total trading volume of 1.07 million shares. The Company's shares have advanced 4.23% in the past month, 6.12% in the previous three months, and 1.42% on an YTD basis. The stock is trading 4.66% above its 50-day moving average and 5.55% above its 200-day moving average. Additionally, shares of Alphabet, which through its subsidiaries, provides online advertising services in the US, the UK, and rest of the world, have a Relative Strength Index (RSI) of 62.35.
On July 29th, 2016, research firm Needham reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $825 a share to $900 a share.
On August 24th, 2016, Bloomberg reported that Project Loon, Google's high-profile effort to put broadband-emitting balloons into the stratosphere over remote parts of the world, is getting a new leader with practical industry experience. As per the article, X, the research division of Google parent company Alphabet said that it hired Tom Moore, co-founder of satellite-based broadband service provider, WildBlue Communications Inc. He starts as a vice president at X and general manager of Project Loon in mid-September. Visit us today and access our complete research report on GOOG at:
http://stock-callers.com/registration/?symbol=GOOG
Match Group
On Wednesday, shares in Dallas, Texas headquartered Match Group Inc. recorded a trading volume of 591,707 shares. The stock ended the session 0.82% lower at $15.67. The Company's shares have advanced 9.96% in the previous three months and 15.65% since the start of this year. The stock is trading 0.72% above its 50-day moving average and 18.35% above its 200-day moving average. Moreover, shares of Match Group, which provides dating products, have an RSI of 50.90.
On July 26th, 2016, Match Group reported that its Q2 2016 operating income increased 82% to $74 million, and adjusted EBITDA increased 58% to $100 million, in each case compared to the prior year quarter. The company's total revenue was $301 million representing 21% growth over the prior year quarter, led by 23% revenue growth at Dating.
On July 28th, 2016, research firm JP Morgan upgraded the Company's stock rating from 'Neutral' to 'Overweight', issuing a target price of $19 per share. The complimentary report on MTCH can be downloaded at:
http://stock-callers.com/registration/?symbol=MTCH
YY Inc.
Shares in Guangzhou, the People's Republic of China headquartered YY Inc. closed the day 7.50% lower at $47.02. The stock recorded a trading volume of 2.24 million shares, which was higher than its three months average volume of 1.22 million shares. The Company's shares have gained 16.50% in the last month and 8.57% over the previous three months. The stock is trading 18.22% above its 50-day moving average. Additionally, shares of YY, which through its subsidiaries, operates an online social platform in the People's Republic of China, have an RSI of 58.12.
On August 17th, 2016, YY reported that net revenues increased by 45.9% to RMB1,980.8 million (US$298.0 million) in Q2 2016 from RMB1,357.2 million in the corresponding period of 2015. Net income attributable to YY increased by 18.1% to RMB343.3 million (US$51.7 million) in the reported quarter from RMB290.7 million in the corresponding period of 2015. Register for free on Stock-Callers.com and access the latest research report on YY at:
http://stock-callers.com/registration/?symbol=YY
VeriSign
At the close, shares in Reston, Virginia headquartered VeriSign Inc. ended at $74.43, which was a decline of 1.26%. The stock recorded a trading volume of 1.23 million shares, which was above its three months average volume of 861,060 shares. The Company's shares are trading below their 50-day moving average by 10.69%. Furthermore, shares of VeriSign, which provides domain name registry services and Internet security worldwide, have an RSI of 28.39.
On August 15th, 2016, VeriSign announced that the upside trigger on its 3.25% junior subordinated convertible debentures due 2037 has been met for the six-month interest payment period from August 15th, 2016, to February 14th, 2017. As a result, contingent interest will be paid on the Notes for that six-month interest payment period. Contingent interest of approximately $7.7 million on the $1.25 billion outstanding principal amount of the Notes, or approximately $6.1750 per $1,000 principal amount of the Notes, will be paid on February 15th, 2017, to the holders of record as of February 1st, 2017. Get free access to your research report on VRSN at:
http://stock-callers.com/registration/?symbol=VRSN
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