Technical Roundup on Tech Stocks -- Finisar, CDW Corp., Ciber, and Extreme Networks

Aug 10, 2016, 09:00 ET from Chelmsford Park SA

NEW YORK, August 10, 2016 /PRNewswire/ -- has on its radar four Technology equities, which are Finisar Corp. (NASDAQ: FNSR), CDW Corp. (NASDAQ: CDW), Ciber Inc. (NYSE: CBR), and Extreme Networks Inc. (NASDAQ: EXTR). As per an article in NASDAQ, shares of tech companies in the S&P 500 rose about 0.2% just ahead of the closing bell on Tuesday, August 09, 2016. Sign up today and download for free the research reports for the stocks covered today at:


On Tuesday, shares in Sunnyvale, California headquartered Finisar Corp. ended the session 1.68% higher at $19.93. The stock recorded a trading volume of 963,672 shares. The Company's shares have advanced 9.15% in the last month, 25.03% over the previous three months, and 37.07% since the start of this year. The stock is trading 10.50% above its 50-day moving average and 29.78% above its 200-day moving average. Moreover, shares of Finisar, which provides optical subsystems and components for data communication and telecommunication applications in the US, Malaysia, China, and internationally, have a Relative Strength Index (RSI) of 65.31. FNSR complete research report is just a click away at:

CDW Corp. 

Lincolnshire, Illinois-based CDW Corp.'s stock climbed 1.91%, to close the day at $45.85. A total volume of 1.57 million shares was traded, which was above their three months average volume of 1.10 million shares. The Company's shares have advanced 12.08% in the last month, 10.55% in the previous three months, and 9.64% on an YTD basis. The stock is trading 9.57% above its 50-day moving average and 11.26% above its 200-day moving average. Additionally, shares of CDW Corp., which distributes information technology (IT) solutions in North America and the UK, have an RSI of 79.25.

On August 3rd, 2016, CDW Corp. reported that total net sales were $3,665 million for Q2 2016, compared to $3,314 million in Q2 2015, an increase of 10.6% The company's net income was $118 million in Q2 2016, compared to $108 million in Q2 2015, representing an increase of 8.6%. Non-GAAP net income, which excludes acquisition-related intangible asset amortization, expenses related to non-cash equity compensation, acquisition and integration expenses, and certain other items, was $156 million in Q2 2016 compared to $139 million in Q2 2015, representing an increase of 11.9%.The complimentary report on CDW can be downloaded at:


Shares in Greenwood Village, Colorado headquartered Ciber Inc. recorded a trading volume of 1.34 million shares at the close of the last trading session, which was above their three months average volume of 813,230 shares. The stock ended the day 13.59% higher at $1.17. The Company's shares are trading below their 50-day moving average by 19.76%. Furthermore, shares of Ciber, which operates as an independent software vendor or channel partner; and provides project management, application and technical consulting, and database administration for implementation projects and managed-services, have an RSI of 43.16.

On August 4th, 2016, Ciber reported that revenue was $165.9 million in Q2 2016, a 17% decline in constant currency and 16% drop in U.S. dollars, compared to Q2 2015. The company reported that GAAP net loss from continuing operations was $51.7 million in the reported quarter, or $0.64 per share. GAAP results include a non-cash impairment charge in Q2 2016 of $29.6 million. Sign up for your complimentary report on CBR at:

Extreme Networks  

San Jose, California headquartered Extreme Networks Inc.'s shares finished Tuesday's session 2.50% higher at $4.10. A total volume of 884,652 shares was traded, which was above their three months average volume of 548,420 shares. The stock has advanced 12.64% in the last one month, 18.50% over the previous three months, and 0.49% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 12.71% and 17.37%, respectively. Furthermore, shares of Extreme Networks, which provides software-driven networking solutions worldwide, have an RSI of 72.97.

On August 3rd, 2016, Extreme Networks reported that GAAP revenue was $139.6 million and non-GAAP revenue was $140.0 million in Q4 FY16. The company's GAAP net loss for Q4 FY16 was $2.3 million, or $0.02 per basic share, and non-GAAP net income was $10.2 million, or $0.10 per diluted share. For the full fiscal year 2016, Extreme Networks reported GAAP revenue of $528.4 million, compared to $552.9 million for fiscal 2015.  

On August 04th, 2016, research firm Needham reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $3.75 a share to $4.30 a share. Download the research report for free on EXTR at:


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