NEW YORK, March 16, 2017 /PRNewswire/ --
Stock-Callers.com has initiated reports coverage on four Networking and Communication Devices stocks, namely, Cisco Systems Inc. (NASDAQ: CSCO), Juniper Networks Inc. (NYSE: JNPR), Zayo Group Holdings Inc. (NYSE: ZAYO), and Finisar Corp. (NASDAQ: FNSR). These companies belong to the Technology sector which is expected to continue to outperform the market in the coming months. As per research firm Charles Schwab, the sector's fundamentals look good, and both the monetary and fiscal environments are believed to be net positives for the group. Learn more about these stocks by accessing their free research reports at:
San Jose, California headquartered Cisco Systems Inc.'s shares climbed 0.35%, finishing Wednesday's trading session at $34.24. A total volume of 14.96 million shares was traded. In the last month and the previous three months, the stock has advanced 7.10% and 14.46%, respectively. Additionally, the Company's shares have gained 14.28% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 7.13% and 12.62%, respectively. Moreover, shares of Cisco Systems, which designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide, have a Relative Strength Index (RSI) of 71.74.
On February 16th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $35 a share to $37 a share.
On March 14th, 2017, Cisco announced that Navisite, LLC, a part of Spectrum Enterprise, has deployed Cisco® Application Centric Infrastructure (Cisco ACI™) as a core technology platform of its software defined data center reference architecture. Cisco ACI will provide the Software Defined Network foundation to automate Navisite data centers worldwide and speed time-to-market for its clients. Free research report on CSCO is available at:
On Wednesday, shares in Sunnyvale, California headquartered Juniper Networks Inc. recorded a trading volume of 2.89 million shares, and ended the session 0.57% higher at $28.30. The stock has gained 1.68% in the last one month, 1.39% over the previous three months, and 0.50% on an YTD basis. The Company's shares are trading 1.78% above their 50-day moving average and 13.04% above their 200-day moving average. Furthermore, shares of Juniper Networks, which designs, develops, and sells network products and services worldwide, have an RSI of 56.66.
On March 07th, 2017, Juniper Networks announced a new organizational structure to support its innovation transformation strategy. To increase alignment between strategy and execution, Juniper has created a new position of Strategy and Product Line Management, Senior Vice President, and has appointed Kevin Hutchins to this role. Additionally, Juniper's engineering organization will now report into chief Development Officer, Andy Athreya. Both of these positions will report to Chief Executive Officer, Rami Rahim. The complimentary research report on JNPR can be downloaded at:
Shares in Boulder, Colorado headquartered Zayo Group Holdings Inc. closed at $32.26, rising 0.62% from the last trading session. The stock recorded a trading volume of 3.41 million shares, which was above its three months average volume of 2.75 million shares. The Company's shares have gained 3.76% in the last one month. The stock is trading 2.11% and 5.42% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Zayo, which through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the US, Canada, and Europe, have an RSI of 56.31.
On March 08th, 2017, Zayo announced that a major wireless carrier has selected Zayo for a small cell solution to densify its network in Napa Valley, California. The solution will consist of 23 new route miles of network that will connect more than 50 new small cell sites. Visit us today and access our complete research report on ZAYO at:
Sunnyvale, California headquartered Finisar Corp.'s stock ended 3.46% higher at $26.58. A total volume of 8.73 million shares was traded, which was above their three months average volume of 3.53 million shares. The Company's shares are trading above their 200-day moving average by 0.41%. Furthermore, shares of Finisar, which provides optical subsystems and components for data communication and telecommunication applications in the US, Malaysia, China, and internationally, have an RSI of 31.99.
On March 09th, 2017, Finisar reported revenues of $380.6 million for Q3 FY17, an increase of 2.9% from $369.9 million in Q2 FY17. The Company's GAAP gross margin was 35.9% for Q3 FY17 compared to 36.1% in Q2 FY17. For Q3 FY17, Finisar's GAAP earnings per fully diluted share were $0.40 compared to $0.43 in Q2 FY17. The Company's cash, cash equivalents, and short-term investments increased $588.0 million to approximately $1.2 billion at the end of Q3 FY17.
Yesterday, research firm Jefferies upgraded the Company's stock rating from 'Hold' to 'Buy'. Get free access to your research report on FNSR at:
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