Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact firstname.lastname@example.org.
Editor Note: For more information about this release, please scroll to bottom.
LONDON, July 9, 2014 /PRNewswire/ --
On Tuesday, July 08, 2014, the NASDAQ Composite ended at 4,391.46, down 1.35%, the Dow Jones Industrial Average finished the day 0.69% lower at 16,906.62, and the S&P 500 closed at 1,963.71, down 0.70%. The losses were broad based as nine out of ten sectors ended the session in negative. The S&P 500 Information Technology Sector Index ended the day at 636.23, down 0.99%, while the index has advanced 8.26% in the previous three months. Investor-Edge has initiated coverage on the following equities: Emulex Corp. (NYSE: ELX), Sonus Networks Inc. (NASDAQ: SONS), Infinera Corp. (NASDAQ: INFN) and Ruckus Wireless Inc. (NYSE: RKUS). Free technical research on ELX, SONS, INFN and RKUS can be downloaded upon signing up at:
Emulex Corp.'s stock declined 4.51%, to close the day at $5.50. The stock recorded a trading volume of 1.06 million shares, below its three months average volume of 1.71 million shares. The stock oscillated between $5.50 and $5.76 during the session. Emulex Corp.'s shares have fallen by 6.62% in the previous three trading sessions, 0.90% in the last one month and 23.18% on YTD basis. The stock is trading above its 50-day moving average of $5.46, while the 50-day moving average is below Emulex Corp.'s 200-day moving average of $6.93. Additionally, the stock traded at a PE ratio of 57.01 and has a Relative Strength Index (RSI) of 56.68. Sign up today to read free research on ELX at:
On Tuesday, shares in Sonus Networks Inc. recorded a trading volume of 5.32 million shares, higher than its three months average volume of 2.78 million shares. The stock ended the day at $3.80, which was 5.47% below its previous day's closing of $4.02, and registered an intraday range of $3.78 and $4.01. Over the last one month and the previous three months, Sonus Networks Inc.'s shares have gained 2.98% and 16.56%, respectively. Additionally, from the beginning of 2014, the company's stock has gained an upside of 20.63%. The company's stock is trading above its 50-day and 200-day moving averages of $3.48 and $3.28, respectively. Furthermore, shares of the company have an RSI of 71.58. Sign up today to read free research on SONS at:
Infinera Corp.'s stock finished the Tuesday's session 5.08% lower at $8.79. A total of 2.83 million shares were traded, which was above its three months average volume of 1.58 million shares. The stock moved between $8.78 and $9.25 during the session. Although Infinera Corp.'s shares have gained 3.90% in the previous three months, it has declined 3.83% in the last one month and 10.12% on YTD basis. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $9.29 is greater than its 50-day moving average of $9.01. Infinera Corp.'s stock has an RSI of 50.95. Sign up today to read free research on INFN at:
On Tuesday, shares in Ruckus Wireless Inc. traded between $10.75 and $11.37 before ending the session 3.07% lower at $11.05. Ruckus Wireless Inc.'s stock reported a trading volume of 2.05 million shares, above its three months average volume of 1.51 million shares. Shares of the company traded at a PE ratio of 517.69. Over the last one month and over the past three months, Ruckus Wireless Inc.'s shares have gained 1.47% and 1.38%, respectively. However, the stock has lost 22.18% since the start of this year. The stock is trading above its 50-day moving average of $10.64. Moreover, shares of the company have an RSI of 51.46. Sign up today to read free research on RKUS at:
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is 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 by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does 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.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
©2012 PR Newswire. All Rights Reserved.