Research Reports Coverage on Application Software Stocks -- Cadence Design Systems, Red Hat, Intuit, and LifeLock

Sep 19, 2016, 07:45 ET from Chelmsford Park SA

NEW YORK, September 19, 2016 /PRNewswire/ --

Last Friday, September 16, 2016, the Dow Jones Industrial Average edged 0.49% lower, to finish at 18,123.80; the S&P 500 closed at 2,139.16, down 0.38%; and the NASDAQ Composite ended the trading session at 5,244.57, down 0.10%. focuses its attention on these Application Software equities: Cadence Design Systems Inc. (NASDAQ: CDNS), Red Hat Inc. (NYSE: RHT), Intuit Inc. (NASDAQ: INTU), and LifeLock Inc. (NYSE: LOCK).Learn more about these stocks by downloading their comprehensive and free reports at:

Cadence Design Systems  

San Jose, California headquartered Cadence Design Systems Inc.'s stock finished Friday's session 2.42% lower at $24.23 with a total volume of 4.87 million shares traded. Over the last one month and the previous three months, shares of Cadence Design Systems, which develops, sells, leases, and licenses electronic design automation software, emulation and prototyping hardware, verification intellectual property, and design intellectual property for semiconductor and electronics systems industries worldwide, have gained 14.67% in the past one year. The Company's shares are trading above its 200-day moving average by 5.18%. Cadence Design Systems' stock is trading at a PE ratio of 28.78 and has a Relative Strength Index (RSI) of 36.51. CDNS complete research report is just a click away and free at:

Red Hat  

Raleigh, North Carolina headquartered Red Hat Inc.'s stock edged 0.18% higher, to close the day at $73.80. The stock recorded a trading volume of 1.74 million shares, which was above its three months average volume of 1.59 million shares. Red Hat Inc.'s shares have advanced 0.86% in the last one month and 3.39% in the past one year. Shares of the Company, which provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, mobile, and storage technologies to various enterprises worldwide, are trading 0.14% above its 50-day moving average. Currently, the stock has a PE ratio of 64.45 and an RSI of 52.45. The complimentary report on RHT can be downloaded at:


On Friday, shares in Mountain View, California headquartered Intuit Inc. ended the session 0.69% lower at $109.00 with a total volume of 3.31 million shares traded. Intuit's shares have gained 3.73% in the past three months and 28.61% in the past one year. The stock is trading 5.75% above its 200-day moving average. Moreover, shares of the Company, which provides business and financial management solutions for small businesses, consumers, and accounting professionals primarily in the US and internationally, are trading at a PE ratio of 35.16 and have an RSI of 41.99.

On September 13th, 2016, research firm Morgan Stanley downgraded the Company's stock rating from 'Equal-Weight' to 'Underweight'. Sign up for your complimentary research report on INTU at:


On Friday, shares in Tempe, Arizona headquartered LifeLock Inc. recorded a trading volume of 1.04 million shares. The stock ended the day 0.25% lower at $16.09. LifeLock's stock has surged 4.28% in the past three months and 73.76% in the previous one year. The Company is trading above its 200-day moving average by 17.29%. Furthermore, shares of LifeLock, which provides identity theft protection services for consumers; and consumer risk management services for enterprises in the US, have an RSI of 44.37. Get free access to your research report on LOCK at:


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