NEW YORK, August 16, 2017 /PRNewswire/ --
If you want a Stock Review on SHOR, SONS, CUDA, or HIVE then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. The Communication Equipment sector includes companies whose primary business involves the physical transmission of telecommunications and related network services, the production of telecommunications equipment, and the delivery of multimedia content through television and related telecommunications activities. This large and diverse sector contains vertically integrated businesses ranging from computer systems design and related services to wired telecommunications carriers. In today's pre-market research, DailyStockTracker.com presents for assessment: ShoreTel Inc. (NASDAQ: SHOR), Sonus Networks Inc. (NASDAQ: SONS), Barracuda Networks Inc. (NYSE: CUDA), and Aerohive Networks Inc. (NYSE: HIVE). Learn more about these stocks by signing up for their free reports on DailyStockTracker.com at:
On Tuesday, shares in Sunnyvale, California headquartered ShoreTel Inc. recorded a trading volume of 278,356 shares. The stock ended the session 0.67% higher at $7.50. The Company's shares have gained 29.31% in the last one month, 20.00% over the previous three months, and 4.90% on an YTD basis. The stock is trading 19.09% above its 50-day moving average and 14.20% above its 200-day moving average. Moreover, shares of ShoreTel, which provides business communication solutions for small and medium sized businesses, have a Relative Strength Index (RSI) of 81.26.
On July 31st, 2017, research firm Lake Street downgraded the Company's stock rating from 'Buy' to 'Hold', with a target price of $7.50 per share.
On August 02nd, 2017, ShoreTel announced financial results for Q4 FY17 and FY17, which ended on June 30th, 2017. For Q4 FY17, hosted revenues were $39.7 million; product revenues were $36.5 million; and support and services revenues were $19.6 million. For FY17, hosted revenues were $150.2 million; product revenues were $131.2 million; and support and services revenues were $76.3 million. The free research report on SHOR is available at:
Westford, Massachusetts headquartered Sonus Networks Inc.'s stock closed the day 1.16% lower at $6.83 with a total trading volume of 102,346 shares. The Company's shares have advanced 8.41% since the start of this year. The stock is trading 0.90% above its 200-day moving average. Additionally, shares of Sonus Networks, which provides networked solutions worldwide, have an RSI of 42.40.
On July 31st, 2017, Sonus Networks introduced a bundled solution, Sonus Advantage, which will help enterprises deploy unified communications (UC) more quickly, easily, and securely in their networks. Sonus Advantage addresses the growing need among enterprises to quickly adapt their network capabilities as they transition from legacy-based TDM communications to IP-based UC. The new solution from Sonus brings industry-leading security, policy, and interworking together, creating a best-of-breed platform for UC that is secure, smart, and simple.
On August 07th, 2017, research firm DA Davidson upgraded the Company's stock rating from 'Neutral' to 'Buy', with a target price of $8.50 per share. The complimentary report on SONS can be downloaded at:
Shares in Campbell, California headquartered Barracuda Networks Inc. recorded a trading volume of 1.56 million shares, which was higher than their three months average volume of 634,090 shares. The stock ended yesterday's trading session flat at $24.01. The Company's shares have advanced 3.76% in the past month, 4.39% in the previous three months, and 12.04% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.17% and 5.23%, respectively. Furthermore, shares of Barracuda Networks, which designs and delivers security and data protection solutions, have an RSI of 60.57. Visit us today and download our complete research report on CUDA for free at:
Milpitas, California headquartered Aerohive Networks Inc.'s stock finished Tuesday's session 2.02% higher at $3.54 with a total trading volume of 522,679 shares. The Company's shares are trading below their 50-day moving average by 24.30%. Shares of the Company, which together with its subsidiaries, designs and develops cloud networking and enterprise Wi-Fi solutions in Americas, Europe, Middle-East and Africa, and Asia/Pacific, have an RSI of 32.96.
On August 10th, 2017, Aerohive Networks announced that it is experiencing rapid adoption of its innovative and market-leading dual 5 GHz-based 802.11ac Wave 2 access points, accounting for 45% of its access point sales in Q2 of 2017. Dual 5 GHz delivers greater network efficiency and performance, as well as higher returns on investment. The Company is hosting a webinar on the advances and benefits of software-defined radios on August 17th, 2017. Get free access to your technical report on HIVE at:
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