Stock Updates on Telecommunication Services Industry -- Research on Vonage Holdings, Oi S.A., SBA Communications, and RingCentral

LONDON, July 10, 2014 /PRNewswire/ --

The trading session on Wednesday, July 09, 2014 ended on a higher note as the Dow Jones Industrial Average finished at 16,985.61, up 0.47% and the NASDAQ Composite closed at 4,419.03, up 0.63%. The S&P 500 finished the day 0.46% higher at 1,972.83. The gains were broad based as nine out of ten sectors finished on a positive note. The S&P 500 Telecommunication Services Sector Index finished the day at 158.86, up 0.27%, and the index has gained 0.20% in the previous one month. Investor-Edge has initiated coverage on the following equities: Vonage Holdings Corp. (NYSE: VG), Oi S.A. (NYSE: OIBR), SBA Communications Corp. (NASDAQ: SBAC) and RingCentral Inc. (NYSE: RNG). Free technical research on VG, OIBR, SBAC and RNG can be downloaded upon signing up at:

http://www.investor-edge.com/4707-register

Shares in Vonage Holdings Corp. declined 3.21% on Wednesday, closing the session at $3.62. A total of 1.25 million shares were traded, which was near its three months average volume of 1.69 million shares. The stock moved between $3.57 and $3.76 during the session. Shares in Vonage Holdings Corp. have gained 1.12% in the last one month and 8.71% from the beginning of 2014. However, the company's shares have declined 5.24% in the previous three trading sessions. The company's stock is trading below its 50-day and 200-day moving averages. The stock's 50-day moving average of $3.69 is below its 200-day moving average of $3.77. Further, Vonage Holdings Corp.'s stock traded at a PE ratio of 40.22 and has a Relative Strength Index (RSI) of 53.53. Sign up today to read free research on VG at:

http://www.investor-edge.com/4707-VG-10Jul2014.pdf

Oi S.A.'s stock fell by 1.49% on Wednesday, closing the day at $0.73. The stock recorded a trading volume of 24.72 million shares, which was above its three months average volume of 17.21 million shares. The company's stock oscillated between $0.70 and $0.73 during the session. Shares in Oi S.A. have lost 3.12% in the previous three trading sessions and 23.74% in the last one month. Additionally, the company's shares are down 54.15% since the start of this year. Oi S.A.'s shares are trading below their 50-day and 200-day moving averages of $0.90 and $1.45, respectively. Moreover, the company's stock has an RSI of 30.45. Sign up today to read free research on OIBR at:

http://www.investor-edge.com/4707-OIBR-10Jul2014.pdf

On Wednesday, shares in SBA Communications Corp. recorded a trading volume of 1.09 million shares, above its three months average volume of 1.08 million shares. The stock hit a new 52-week high of $103.63, before finishing the day at $103.44, which was 2.80% higher its previous day's closing of $100.62, and registered an intraday range of $100.63 and $103.63. Shares of the company traded at a PE ratio of 3695.61. Shares in SBA Communications Corp. have advanced 1.68% in the previous three trading sessions and 3.18% in the last one month. Moreover, the company's stock has advanced 15.14% on YTD basis. Shares in SBA Communications Corp. are trading above their 50-day and 200-day moving averages of $98.80 and $91.28, respectively. Furthermore, the company's stock has an RSI of 54.70. Sign up today to read free research on SBAC at:

http://www.investor-edge.com/4707-SBAC-10Jul2014.pdf

RingCentral Inc.'s stock fluctuated between $14.42 and $14.99 before ending Wednesday's session 2.21% higher at $14.83. The company's stock reported a trading volume of 0.46 million shares, which was below its three months average volume of 0.59 million shares. RingCentral Inc.'s stock has advanced 16.68% in the last one month, while the stock has lost 4.14% in the previous three trading sessions and 19.27% on YTD basis. Shares in RingCentral Inc. are trading above their 50-day moving average of $13.78. Additionally, the company's shares have an RSI of 51.77. Sign up today to read free research on RNG at:

http://www.investor-edge.com/4707-RNG-10Jul2014.pdf


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