Technology Sector Equities Under Review -- Micron Technology, Symantec, Check Point Software Technologies, and Rambus

Jul 27, 2016, 07:30 ET from Chelmsford Park SA

NEW YORK, July 27, 2016 /PRNewswire/ --

The rapid technological advancements have changed the way many people live, resulting in increased need and demand for technology. Tech companies are constantly evolving their business models, transforming, innovating, and exploring new avenues in order to stay ahead of the game and tap emerging markets. Steady growth is expected for the sector this year despite anticipated challenges such as stiff competition and economic uncertainties. Here are this morning's Tech stocks in review on Micron Technology Inc. (NASDAQ: MU), Symantec Corp. (NASDAQ: SYMC), Check Point Software Technologies Ltd (NASDAQ: CHKP), and Rambus Inc. (NASDAQ: RMBS). Learn more about these stocks by accessing their free notes at:

Micron Technology 

Boise, Idaho headquartered Micron Technology Inc.'s stock jumped 5.39% and finished Tuesday's trading session at $14.67. A total volume of 38.84 million shares was traded, which was above their three months average volume of 30.21 million shares. In the last month and the previous three months, the stock has advanced 11.05% and 27.45%, respectively. Additionally, the Company's shares have gained 3.60% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 18.81% and 14.89%, respectively. Moreover, shares of Micron Technology, which provides semiconductor systems worldwide, have a Relative Strength Index (RSI) of 66.41.

On July 01st, 2016, research firm Stifel reiterated its 'Buy' rating with a decrease of the target price to $15 a share from $16 a share for the Company's stock.

On July 07th, 2016, Micron Technology announced its newest embedded SLC NAND Flash optimized for the next generation of Internet of Things (IoT) and automotive applications. Available with differing interfaces to accommodate design,  Micron's second generation Serial NAND and fifth generation parallel SLC NAND, offers the industry's best-in-class reliability and read and program performance, ease of design and advanced security features. Gartner projects that the IoT endpoint hardware and services market will rise to a $3.5 trillion industry by 2020. Sign up and read the free notes on MU at:


On Tuesday, shares in Mountain View, California headquartered Symantec Corp. recorded a trading volume of 7.73 million shares, and ended the session 0.10% higher at $20.37. The stock has gained 13.41% in the previous three months and 21.93% on an YTD basis. The Company's shares are trading 6.90% and 18.61% above their 50-day and 200-day moving averages, respectively. Furthermore, shares of Symantec, which together with its subsidiaries, provides cyber security solutions worldwide, have an RSI of 54.81.

On July 12th, 2016, Symantec announced that Michael Fey will join Symantec as President and Chief Operating Officer upon closing of the previously announced acquisition of Blue Coat, Inc. He will report to Greg Clark, Symantec CEO-designate.

On July 12th, 2016, research firm Standpoint Research downgraded the Company's stock rating from 'Buy' to 'Hold'. The complimentary notes on SYMC can be accessed at:

Check Point Software Technologies 

Shares in Tel Aviv, Israel headquartered Check Point Software Technologies Ltd closed the day at $80.53, down 3.72%. The stock recorded a trading volume of 4.57 million shares, which was above its three months average volume of 1.45 million shares. The Company's shares have gained 3.02% in the last one month. Shares of the company, which offers software and combined hardware products and services for IT security worldwide, are trading 2.22% below their 200-day moving average. Additionally, Check Point Software Technologies' shares have an RSI of 44.92.

On July 26th, 2016, Check Point® Software Technologies announced its financial results for Q2 ended June 30th, 2016. The company generated revenue of $423 million, representing a 7% increase on y-o-y basis. The company also reported GAAP earning per share of $0.95, 8% rise on y-o-y basis. Register for free on and access the latest notes on CHKP at:


At the closing bell yesterday, shares in Sunnyvale, California headquartered Rambus Inc. ended 2.33% higher at $14.04. A total volume of 742,259 shares was traded, which was above their three months average volume of 603,070 shares. The stock has advanced 19.29% in the last one month, 15.65% in the previous three months, and 21.14% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 15.65% and 16.19%, respectively. Furthermore, shares of Rambus, which manufactures and sells semiconductor and IP products, spanning memory, and interfaces to security, smart sensors, and lighting industries in South Korea and internationally, have an RSI of 78.32.

On July 14th, 2016, Rambus announced that its Cryptography Research Division and The Boeing Company, the world's largest aerospace company and the leading manufacturer of commercial jetliners and military aircraft combined, have signed a license agreement for the inclusion of advanced differential power analysis countermeasures in Boeing products. Get free access to your notes on RMBS at:


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