TMCnet News

Technology Sector Equities Under Review -- Micron Technology, Symantec, Check Point Software Technologies, and Rambus
[July 27, 2016]

Technology Sector Equities Under Review -- Micron Technology, Symantec, Check Point Software Technologies, and Rambus


NEW YORK, July 27, 2016 /PRNewswire/ --

The rapid technological advancements have changed the way many people live, resulting in increased need and demand for technology. Tech companies are constantly evolving their business models, transforming, innovating, and exploring new avenues in order to stay ahead of the game and tap emerging markets. Steady growth is expected for the sector this year despite anticipated challenges such as stiff competition and economic uncertainties. Here are this morning's Tech stocks in review on Stock-Callers.com: Micron Technology Inc. (NASDAQ: MU), Symantec Corp. (NASDAQ: SYMC), Check Point Software Technologies Ltd (NASDAQ: CHKP), and Rambus Inc. (NASDAQ: RMBS). Learn more about these stocks by accessing their free notes at:

http://stock-callers.com/registration

Micron Technology 

Boise, Idaho headquartered Micron Technology Inc.'s stock jumped 5.39% and finished Tuesday's trading session at $14.67. A total volume of 38.84 million shares was traded, which was above their three months average volume of 30.21 million shares. In the last month and the previous three months, the stock has advanced 11.05% and 27.45%, respectively. Additionally, the Company's shares have gained 3.60% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 18.81% and 14.89%, respectively. Moreover, shares of Micron Technology, which provides semiconductor systems worldwide, have a Relative Strength Index (RSI) of 66.41.

On July 01st, 2016, research firm Stifel reiterated its 'Buy' rating with a decrease of the target price to $15 a share from $16 a share for the Company's stock.

On July 07th, 2016, Micron Technology announced its newest embedded SLC NAND Flash optimized for the next generation of Internet of Things (IoT) and automotive applications. Available with differing interfaces to accommodate design,  Micron's second generation Serial NAND and fifth generation parallel SLC NAND, offers the industry's best-in-class reliability and read and program performance, ease of design and advanced security features. Gartner projects that the IoT endpoint hardware and services market will rise to a $3.5 trillion industry by 2020. Sign up and read the free notes on MU at:

http://stock-callers.com/registration/?symbol=MU


Symantec 

On Tuesday, shares in Mountain View, California headquartered Symantec Corp. recorded a trading volume of 7.73 million shares, and ended the session 0.10% higher at $20.37. The stock has gained 13.41% in the previous three months and 21.93% on an YTD basis. The Company's shares are trading 6.90% and 18.61% above their 50-day and 200-day moving averages, respectively. Furthermore, shares of Symantec, which together with its subsidiaries, provides cyber security solutions worldwide, have an RSI of 54.81.

On July 12th, 2016, Symantec announced that Michael Fey will join Symantec as President and Chief Operating Officer upon closing of the previously announced acquisition of Blue Coat, Inc. He will report to Greg Clark, Symantec CEO-designate.

On July 12th, 2016, research firm Standpoint Research downgraded the Company's stock rating from 'Buy' to 'Hold'. The complimentary notes on SYM can be accessed at:




http://stock-callers.com/registration/?symbol=SYMC


Check Point Software Technologies 


Shares in Tel Aviv, Israel headquartered Check Point Software Technologies Ltd closed the day at $80.53, down 3.72%. The stock recorded a trading volume of 4.57 million shares, which was above its three months average volume of 1.45 million shares. The Company's shares have gained 3.02% in the last one month. Shares of the company, which offers software and combined hardware products and services for IT security worldwide, are trading 2.22% below their 200-day moving average. Additionally, Check Point Software Technologies' shares have an RSI of 44.92.

On July 26th, 2016, Check Point® Software Technologies announced its financial results for Q2 ended June 30th, 2016. The company generated revenue of $423 million, representing a 7% increase on y-o-y basis. The company also reported GAAP earning per share of $0.95, 8% rise on y-o-y basis. Register for free on Stock-Callers.com and access the latest notes on CHKP at:

http://stock-callers.com/registration/?symbol=CHKP


Rambus 

At the closing bell yesterday, shares in Sunnyvale, California headquartered Rambus Inc. ended 2.33% higher at $14.04. A total volume of 742,259 shares was traded, which was above their three months average volume of 603,070 shares. The stock has advanced 19.29% in the last one month, 15.65% in the previous three months, and 21.14% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 15.65% and 16.19%, respectively. Furthermore, shares of Rambus, which manufactures and sells semiconductor and IP products, spanning memory, and interfaces to security, smart sensors, and lighting industries in South Korea and internationally, have an RSI of 78.32.

On July 14th, 2016, Rambus announced that its Cryptography Research Division and The Boeing Company, the world's largest aerospace company and the leading manufacturer of commercial jetliners and military aircraft combined, have signed a license agreement for the inclusion of advanced differential power analysis countermeasures in Boeing products. Get free access to your notes on RMBS at:

http://stock-callers.com/registration/?symbol=RMBS

--

Stock Callers: 

Stock Callers (SC) 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. SC 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. 

SC 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 SC. SC 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 

SC, 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. SC, 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, SC, 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 SC 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

http://stock-callers.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:  +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


SOURCE Chelmsford Park SA


[ Back To TMCnet.com's Homepage ]