Research Reports Coverage on Communication Equipment Stocks -- Ceragon Networks, A10 Networks, Barracuda Networks, and ShoreTel
NEW YORK, November 16, 2016 /PRNewswire/ --
This morning, Stock-Callers.com presents the following equities for review: Ceragon Networks Ltd (NASDAQ: CRNT), A10 Networks Inc. (NYSE: ATEN), Barracuda Networks Inc. (NYSE: CUDA), and ShoreTel Inc. (NASDAQ: SHOR). These companies belong to the Communication Equipment industry which is involved in the manufacture of wireless and telecommunications equipment such as phones, pagers, and routers. These stocks research reports can be downloaded now by simply registering for free at:
http://stock-callers.com/registration
Ceragon Networks
On Tuesday, Israel headquartered Ceragon Networks Ltd's stock recorded a trading volume of 369,613 shares, and ended the session 5.51% lower at $2.40. The Company's shares have gained 8.60% in the last one month, 3.00% in the previous three months, and 98.35% on an YTD basis. The stock is trading 33.12% above its 200-day moving average. Moreover, shares of Ceragon Networks, which provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice, data, and multimedia services worldwide, have a Relative Strength Index (RSI) of 49.06.
On November 14th, 2016, Ceragon reported Q3 2016 revenue of $79.1 million, down 7% from Q3 2015. For Q3 2016, the company's gross margin was 32.9%, compared to 31.9% in Q3 2015 and operating income was $5.8 million compared to $6.2 million in Q3 2015. Ceragon reported net income of $3.5 million, or $0.04 per diluted share, for Q3 2016. Net income for Q3 2015 was $1.4 million, or $0.02 per diluted share. Your complete research report on CRNT can be retrieved for free at:
http://stock-callers.com/registration/?symbol=CRNT
A10 Networks
California headquartered A10 Networks Inc.'s stock closed the day 1.13% lower at $7.91 and with a total trading volume of 440,113 shares. The Company's shares have advanced 20.58% since the start of this year. The stock is trading 6.64% above its 200-day moving average. Additionally, shares of A10 Networks, which provides software based application networking and network security solutions in the US, Japan, and internationally, have an RSI of 35.27.
On October 27th, 2016, A10 Networks reported that total revenue for Q3 2016 grew to $55.1 million, up 8% compared to $50.8 million in Q3 2015. On a GAAP basis, A10 Networks reported a net loss for Q3 2016 of $4.7 million, or $0.07 per share, compared to a net loss of $9.0 million, or $0.14 per share, in Q3 2015. Non-GAAP net income for Q3 2016 was $0.2 million, or $0.00 per share, compared to a non-GAAP net loss of $4.4 million, or $0.07 per share, in Q3 2015.
On October 31st, 2016, research firm DA Davidson upgraded the Company's stock rating from 'Neutral' to 'Buy', issuing a target price of $10.50 per share. ATEN free report is just a click away at:
http://stock-callers.com/registration/?symbol=ATEN
Barracuda Networks
Shares in Campbell, California headquartered Barracuda Networks Inc. recorded a trading volume of 422,671 shares, and ended yesterday's trading session 2.02% higher at $24.27. The stock has advanced 12.26% in the previous three months and 29.93% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 1.03% and 30.92%, respectively. Furthermore, shares of Barracuda Networks, which designs and delivers security and data protection solutions, have an RSI of 54.77.
On October 25th, 2016, Barracuda Networks announced a joint effort with RingCentral, Inc. to offer Barracuda Phone System resellers an expanded portfolio of cloud services and an easy path to transition their existing customers to a cloud-based telephony communications solution. In July, Barracuda announced the end of life for Barracuda Phone System as part of the company's efforts to focus resources on its core products and markets. With RingCentral offerings, resellers can expand their communications capabilities with voice, video, messaging, conferencing, fax, collaboration and integrations with other enterprise cloud solutions.
Yesterday, research firm Robert W. Baird initiated an 'Outperform' rating on the Company's stock, issuing a target price of $29 per share. Sign up for your complimentary research report on CUDA at:
http://stock-callers.com/registration/?symbol=CUDA
ShoreTel
Sunnyvale, California headquartered ShoreTel Inc.'s stock finished Tuesday's session 2.17% higher at $7.05. A total volume of 721,158 shares was traded, which was above their three months average volume of 552,350 shares. The Company's shares are trading below their 200-day moving average by 2.51%. Additionally, shares of ShoreTel, which provides business communication solutions for small and medium sized businesses, have an RSI of 49.91.
On November 15th, 2016, ShoreTel® announced that Retail Lockbox® Merchant Services (RLMS), a leading provider of electronic payment processing solutions headquartered in Seattle, is using the ShoreTel Summit platform to accept payments over the phone and meet end customer demands for convenient payment options. RLMS was unable to find a system that fully suited their needs and elected to use the ShoreTel Summit platform to create PCI-compliant, highly customized IVRs for their unique merchant clients. Register for free on Stock-Callers.com and download the latest research report on SHOR at:
http://stock-callers.com/registration/?symbol=SHOR
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