NEW YORK, December 22, 2016 /PRNewswire/ --
Stock-Callers.com has initiated coverage on four Internet Software and Services equities, which are SINA Corp. (NASDAQ: SINA), Net Element Inc. (NASDAQ: NETE), VirnetX Holding Corp. (NYSE MKT: VHC), and Equinix Inc. (NASDAQ: EQIX). These stocks are part of the Technology sector, which remained slightly underwater on Wednesday, December 21st, 2016, with shares of Tech companies in the S&P 500 posting a 0.2% decline in the afternoon. Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
On Wednesday, shares in Shanghai, the People's Republic of China headquartered SINA Corp. recorded a trading volume of 906,951 shares. The stock ended at $64.22, declining 0.16% from the last trading session. The Company's shares have gained 30.00% on an YTD basis. The stock is trading above its 200-day moving average by 4.73%. Furthermore, shares of SINA, which through its subsidiaries, operates as an online media company in the People's Republic of China, have a Relative Strength Index (RSI) of 33.78.
On November 21st, 2016, SINA reported that net revenues increased 21% y-o-y to $274.9 million for Q3 2016. The Company's Q3 2016 advertising revenues grew 21% y-o-y to $233.6 million. The Company's income from operations increased 147% y-o-y to $36.3 million. Net income attributed to SINA was $146.5 million, or $1.90 diluted net income per share, during Q3 2016.
On December 12th, 2016, research firm CLSA initiated an 'Outperform' rating on the Company's stock. Visit us today and access our complete research report on SINA at:
North Miami Beach, Florida headquartered Net Element Inc.'s stock finished yesterday's session 1.76% lower at $0.79 with a total trading volume of 63,419 shares. The Company's shares are trading below their 50-day moving average by 19.54%. Shares of the Company, which operates as a technology provider with an integrated mobile and transactional services platform serving emerging market clients, have an RSI of 38.73.
On December 21st, 2016, Net Element announced its strategic partnership with E2Exchange Ltd, a scale-up-focused organization that supports entrepreneurs and facilitates entrepreneur-to-entrepreneur information exchange, equity-funding transactions, and recruitment. As part of this strategic partnership, members of E2Exchange will benefit from access to Net Element's global multi-channel payment services offering. It is contemplated that the Company will contribute content for the benefit of E2E members and will participate in relevant events. Additionally, Net Element CEO Oleg Firer has joined E2E's advisory board. The complimentary report on NETE can be downloaded at:
At the closing bell on Wednesday, shares in Zephyr Cove, Nevada-based VirnetX Holding Corp. saw a decline of 2.00%, ending the day at $2.45 with a total trading volume of 255,943 shares. The stock is trading 21.93% below its 50-day moving average. Shares of the Company, which develops software and technology solutions for securing real-time communications over the Internet in the US, have an RSI of 34.86. Register for free on Stock-Callers.com and access the latest research report on VHC at:
Redwood City, California headquartered Equinix Inc.'s stock ended the day 1.33% lower at $350.02 with a total trading volume of 594,591 shares. The Company's shares have gained 4.19% in the last month and 18.20% on an YTD basis. The stock is trading 0.77% above its 50-day moving average. Additionally, shares of Equinix, which provides data center services to protect and connect the information assets for the enterprises, financial services companies, and content and network providers primarily in the Americas, Europe, the Middle East, Africa, and the Asia/Pacific, have an RSI of 51.10.
On December 2nd, 2016, research firm Guggenheim initiated a 'Buy' rating on the Company's stock.
On December 6th, 2016, Equinix announced it has entered into a definitive agreement to purchase a portfolio of 24 data center sites and their operations from Verizon Communications Inc. for $3.6 billion in an all cash transaction. The 24 sites consist of 29 data center buildings across 15 metro areas. The addition of these strategic facilities and customers will further strengthen Equinix's global platform by: increasing interconnection in the US and Latin America; opening three new markets in Bogotá, Culpeper and Houston; and accelerating Equinix's penetration of the enterprise and strategic market sectors, including government and energy. Get free access to your research report on EQIX at:
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