Communications Equipment Equities Ahead of Market -- Aruba Networks, Extreme Networks, Finisar, Brocade Communications Systems, and Riverbed Technology
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LONDON, August 5, 2014 /PRNewswire/ --
On Monday, August 4, 2014, the NASDAQ Composite ended at 4,383.89, up 0.72%, the Dow Jones Industrial Average finished the day 0.46% higher at 16,569.28, and the S&P 500 closed at 1,938.99, up 0.72%. The gains were broad based as nine out of ten sectors ended the session in positive. The S&P 500 Information Technology Sector Index ended the day at 642.99, up 0.67%, with the index also advancing 7.86% in the previous three months. Investor-Edge has initiated coverage on the following equities: Aruba Networks Inc. (NASDAQ: ARUN), Extreme Networks Inc. (NASDAQ: EXTR), Finisar Corporation (NASDAQ: FNSR), Brocade Communications Systems Inc. (NASDAQ: BRCD), and Riverbed Technology Inc. (NASDAQ: RVBD). Free research on these five companies can be accessed at:
http://investor-edge.com/register
Aruba Networks Inc.'s stock declined 1.07%, to close the day at $17.49. The stock recorded a trading volume of 0.92 million shares, much below its three months average volume of 2.04 million shares. The stock oscillated between $17.40 and $17.94 during the session. Over the last three trading sessions and since the beginning of this year, Aruba Networks Inc.'s shares have declined 4.53% and 2.29%, respectively. However, the stock has advanced 0.06% in the last one month. The company's stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $18.79 is above its 50-day moving average of $17.67. Additionally, Aruba Networks Inc. has a Relative Strength Index (RSI) of 49.10. Sign up and read the free notes on ARUN at:
http://www.Investor-Edge.com/ARUN-05Aug2014
On Monday, shares in Extreme Networks Inc. recorded a trading volume of 1.22 million shares, lower than its three months average volume of 2.14 million shares. The stock ended the day at $4.64, which was 1.09% above its previous day's closing of $4.59, and registered an intraday range of $4.56 and $4.67. Although Extreme Networks Inc.'s shares have advanced 4.98% in the last one month, it has lost 3.33% in the previous three trading sessions, and 33.52% on YTD basis. The company's stock is trading above its 50-day moving average of $4.32. Furthermore, shares of Extreme Networks Inc. have an RSI of 50.24. The complimentary notes on EXTR can be downloaded as in PDF format at:
http://www.Investor-Edge.com/EXTR-05Aug2014
Finisar Corp.'s stock edged 0.05% lower, to close Monday's session at $19.45, after oscillating between $19.17 and $19.56. The stock recorded a trading volume of 1.26 million shares, below its three months average volume of 2.62 million shares. Over the last three trading sessions and previous one month, Finisar Corp.'s shares have declined 2.70% and 6.04%, respectively. Also, from the beginning of 2014, the stock has lost 18.69%. The company's stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $23.21 is above its 50-day moving average of $21.31. Further, Finisar Corp.'s stock traded at a PE ratio of 18.32 and has an RSI of 37.75. Register for free on Investor-Edge and access the latest research on FNSR at:
http://www.Investor-Edge.com/FNSR-05Aug2014
On Monday, shares in Brocade Communications Systems Inc. fluctuated between $9.05 and $9.24 before ending the session 1.54% higher at $9.21. The stock reported a trading volume of 3.45 million shares, much below its three months average volume of 6.14 million shares. Shares of the company traded at a PE ratio of 15.36. Brocade Communications Systems Inc.'s shares have declined 3.26% in the previous three trading sessions and 3.46% in the last one month. However, the stock has gained 3.89% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $9.20 and $9.13, respectively. Moreover, shares of Brocade Communications Systems Inc. have an RSI of 43.54. The complete research on BRCD is available for free at:
http://www.Investor-Edge.com/BRCD-05Aug2014
Riverbed Technology Inc.'s stock finished Monday's session 2.13% higher at $18.20. A total of 2.92 million shares were traded, which was above its three months average volume of 1.25 million shares. The stock moved between $17.91 and $18.26 during the session. Over the last three trading sessions and the previous three months, Riverbed Technology Inc.'s shares have fallen by 0.76% and 6.38%, respectively. However, from the beginning of 2014, the stock has gained 0.66%. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $19.61 is greater than its 200-day moving average of $18.88. Riverbed Technology Inc.'s stock traded at a PE ratio of 94.32 and has an RSI of 31.85. Free in depth research on RVBD is available at:
http://www.Investor-Edge.com/RVBD-05Aug2014
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