Technical Roundup on Internet Software & Services Stocks -- SINA, VirnetX, Renren, and Interxion
NEW YORK, August 24, 2016 /PRNewswire/ --
Internet Software and Services companies develop and market Internet software, and provide Internet services like online databases, interactive services, web address registration, database construction, and Internet design. Stocks to evaluate today on Stock-Callers.com are: SINA Corp. (NASDAQ: SINA), VirnetX Holding Corp. (NYSE MKT: VHC), Renren Inc. (NYSE: RENN), and Interxion Holding N.V. (NYSE: INXN). Sign up today and download for free the research reports for the stocks covered today at:
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SINA Corp.
Shanghai, the People's Republic of China headquartered SINA Corp.'s shares recorded a trading volume of 996,520 shares on Tuesday, which are above its three months average volume of 865,540 shares. The stock finished the trading session 0.08% higher at $70.75. The Company's shares have surged 28.47% in the last one month, 47.64% over the previous three months, and 43.22% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 26.31% and 41.78%, respectively. 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 76.49.
On August 05th, 2016, research firm Citigroup initiated a 'Buy' rating on the Company's stock.
On August 8th, 2016, SINA reported net revenues of $244.0 million for Q2 2016 compared to $213.6 million for the same period last year. Net income attributable to SINA for Q2 2016 was $43.3 million compared to $11.7 million for the same period last year. Diluted net income per share attributable to SINA for Q2 2016 was $0.59 compared to $0.19 for the same period last year. SINA complete research report is just a click away at:
http://stock-callers.com/registration/?symbol=SINA
VirnetX Holding
On Tuesday, Zephyr Cove, Nevada-based VirnetX Holding Corp.'s stock recorded a trading volume of 265,294 shares and ended the session at 4.21% higher at $2.72. The Company's shares have gained 5.84% on an YTD basis. The stock is trading 27.85% below its 50-day moving average. Moreover, shares of VirnetX Holding, which develops software and technology solutions for securing real-time communications over the Internet in the US, have an RSI of 37.53.
On August 1st, 2016, VirnetX Holding announced today that on July 29th, 2016, the US District Court for the Eastern District of Texas, Tyler Division, issued a new order in the company's pending litigation, Case No. 6:10-cv-417 ("Apple I") and, Case No. 6:12-cv-855 ("Apple II"), against Apple Inc., vacating its previous order consolidating the two cases and ordering the parties to retry them as separate cases. According to the order, Apple I is now scheduled for jury selection on September 26, 2016, unless the parties agree otherwise on an alternative date, and Apple II will now be retried after Apple I. The issue of willfulness in each case has been bifurcated and will be tried separately after each trial. The complimentary report on VHC can be downloaded at:
http://stock-callers.com/registration/?symbol=VHC
Renren
Beijing, the People's Republic of China headquartered Renren Inc.'s stock ended the day 12.43% higher at $2.08. A total volume of 2.00 million shares was traded, which was above their three months average volume of 730,050 shares. The Company's shares have gained 20.23% in the last month. The stock is trading 15.54% above its 50-day moving average. Additionally, shares of Renren, which operates a social networking Internet platform in the People's Republic of China, have an RSI of 65.68.
On August 16th, 2016, Renren announced that total net revenues for Q2 2016 were US$14.4 million, representing a 38.5% increase from the corresponding period in 2015. Advertising revenues were US$0.8 million for Q2 2016, a 78.7% decrease from the corresponding period of 2015. Net loss attributable to the company was US$46.1 million compared to a net loss of US$70.3 million in the corresponding period in 2015. Sign up for your complimentary report on RENN at:
http://stock-callers.com/registration/?symbol=RENN
Interxion Holding
Shares in Amsterdam, the Netherlands headquartered Interxion Holding N.V. recorded a trading volume of 216,765 shares and ended the session 0.05% higher at $37.09. The stock has gained 4.77% over the previous three months and 23.02% since the start of this year. The Company's shares are trading above their 200-day moving average by 10.95%. Furthermore, shares of Interxion Holding, which provides carrier and cloud neutral colocation data center services in Europe, have an RSI of 48.13.
On August 18th, 2016, Interxion Holding announced that Zenlayer, a global network and service provider of SDN technology, has installed a Point of Presence in Interxion's data center campus in Madrid. With its expansion into Spain, Zenlayer broadens its global footprint and further improves user experience on its European network. Download the research report for free on INXN at:
http://stock-callers.com/registration/?symbol=INXN
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