What's Happening With These Application Software Stocks? -- Commvault Systems, Cadence Design Systems, BroadSoft, and Xunlei

NEW YORK, Dec. 4, 2017 /PRNewswire/ -- In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on CVLT, CDNS, BSFT, and XNET which is a click away at www.wallstequities.com/registration. The Software industry has transformed the way organizations, businesses, and even people coordinate and work. Its impact on the global economy and across various industries can be gauged by the increase in innovations, technical progress, enhanced productivity, and the workforce. For today, WallStEquities.com tracks the most recent performance of the following Application Software stocks: Commvault Systems Inc. (NASDAQ: CVLT), Cadence Design Systems Inc. (NASDAQ: CDNS), BroadSoft Inc. (NASDAQ: BSFT), and Xunlei Ltd (NASDAQ: XNET). See what Wall St. Equities' research desk has to say about these stocks, join our members and enjoy of your free research reports at:

www.wallstequities.com/registration

Commvault Systems

New Jersey headquartered Commvault Systems Inc.'s shares finished Friday's session 0.19% higher at $54.00. A total volume of 363,360 shares was traded. The stock has gained 4.65% in the last month and 5.06% on an YTD basis. The Company's shares are trading below their 200-day moving average by 3.38%. Moreover, shares of Commvault Systems have a Relative Strength Index (RSI) of 42.45.  

On November 07^th, 2017 at Commvault GO 2017, Commvault Systems launched Commvault Endpoint Data Protection as a Service to simplify and streamline the backup and recovery of corporate data stored on laptops, desktops, and other devices in one flexible, easy-to-use software as a service offering. Fully managed by the Company in the cloud with 24/7 customer support, Commvault Endpoint Data Protection as a Service eliminates the need for in-house infrastructure installation and reduces application management resources.

On November 15^th, 2017, research firm Wells Fargo initiated an 'Outperform' rating on the Company's stock, with a target price of $64 per share. Looking for insightful coverage on CVLT sign up for free at:

www.wallstequities.com/registration/?symbol=CVLT

Cadence Design Systems

Shares in California headquartered Cadence Design Systems Inc. ended the day 0.43% lower at $43.72 with a total trading volume of 1.76 million shares. The stock has advanced 1.65% in the last month, 13.00% in the previous three months, and 73.35% since the start of this year. The Company's shares are trading 3.10% and 20.83% above their 50-day and 200-day moving averages, respectively. Moreover, shares of the Company have an RSI of 49.37.  

On November 28^th, 2017, Cadence Design Systems announced that James Haddad, Corporate Vice President Finance, will participate in a fireside chat at the Barclays Global Technology, Media and Telecommunications Conference on December 07^th, 2017 at 2:00 p.m. PST at The Palace Hotel in San Francisco. Today's complimentary research report on CDNS is accessible at:

www.wallstequities.com/registration/?symbol=CDNS

BroadSoft

Maryland headquartered BroadSoft Inc.'s stock declined 0.36%, closing the session at $54.80. A total volume of 1.72 million shares was traded, which was above their three months average volume of 1.15 million shares. The Company's shares have gained 10.15% in the previous three months and 32.85% on an YTD basis. The stock is trading 2.03% above its 50-day moving average and 21.72% above its 200-day moving average. Additionally, shares of BroadSoft have an RSI of 56.57.

On November 06^th, 2017, BroadSoft announced its financial results for the three and nine months ended September 30^th, 2017. For Q3 2017, total revenue rose to $91.5 million, net loss was $(2.7) million, and net income on a non-GAAP basis was $12.4 million. For the first nine months of 2017, total revenue rose to $259.9 million, net loss was $(16.2) million, and net income on a non-GAAP basis was $27.0 million.

On November 15^th, 2017, research firm Raymond James downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. Register now for your free research document on BSFT at:

www.wallstequities.com/registration/?symbol=BSFT

Xunlei

On Friday, shares in China headquartered Xunlei Ltd finished the 13.04% higher at $15.43. A total volume of 20.64 million shares was traded, which was above their three months average volume of 5.42 million shares. The stock has surged 28.48% in the last month, 258.84% over the previous three months, and 299.74% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 66.30% and 201.80%, respectively. Moreover, shares of Xunleihave an RSI of 53.21.  

On November 16^th, 2017, Xunlei announced its unaudited financial results for the quarter ended September 30^th, 2017. Total revenues for Q3 2017 were US$47.3 million, online advertising revenues were US$5.7 million, and other Internet value-added services revenues were US$20.8 million. Cost of revenues for the quarter was US$28.8 million, gross profit was US$18.3 million, operating loss was US$30.4 million, and net loss from continuing operations was US$25.6 million. Click on the link below and see our free report XNET at:

www.wallstequities.com/registration/?symbol=XNET

Wall St. Equities:

Wall St. Equities (WSE) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. WSE has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

WSE has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by WSE. WSE is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

NO WARRANTY

WSE, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. WSE, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, WSE, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither WSE nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

https://wallstequities.com/legal-disclaimer/

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company, we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: [email protected]
Phone number: +21-32-044-483
Office Address: 1 Scotts Road #24-10, Shaw Center Singapore 228
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Wall St. Equities

Related Links

http://www.wallstequities.com