Technology Sector Top Gainers: Ciena (NYSE:CIEN), Dot Hill Systems (NASDAQ:HILL), Itron (NASDAQ:ITRI), Qualstar (NASDAQ:QBAK)
Stocks of Ciena Corporation (NYSE:CIEN) [Trend Analysis] climbed +7.34% to close at $25.00 with the total traded volume of 8.96 million shares with the average volume of 3.11 million. The firm along with Ericsson declared that they signed a worldwide contract that comprises packet-optical distribution, converged IP/optical joint development as well as distribution and an SDN collaboration framework. Its shares were trading within the range of $24.34 – $25.28, while its opening price was $24.34. As took noticed on the firm sales growth (year/est), it is calculated 18.10% in Current Qtr. and for next quarter was forecasted 10.80%, according to Factsheet.
Why (NYSE:CIEN) Rallied in Active Trading, Find here
Last session trading was noticeable, Dot Hill Systems Corp. (NASDAQ:HILL) [Trend Analysis], stocks rose 6.21% with market capitalization of $312.70 billion, as outstanding shares was 1.59 million. A leading provider of SAN storage solutions reported that it has signed into an allowed reseller contract with DataSpan, a value added reseller that provides infrastructure, data protection products and services to Fortune 1000, comprising customers in the Oil & Gas, Telecommunications, and Big Data industries. Recently in a pool of analysts, no analysts rates its stocks at “Hold,” no analysts rate it at “sell” and 2 rate it a “Buy.”
Why Like Investors Show Confidence on (NASDAQ:HILL)
Itron, Inc. (NASDAQ:ITRI) [Trend Analysis] reported the gain of +7.37% and closed at $36.12 with the total traded volume of 1.20 million shares. Baird lowered its price target on Itron following in line Q4 results and disappointing guidance. The firm maintains its Outperform rating citing its restructuring efforts, product developments and potential for an acquisition that could help its bottom line in the longer-term. While the noticeable thing is mean recommendation of this week that stands at 2.7, [(Strong Buy 1.0 - 5.0 (Sell)] as on contradiction to last week recommendation of 2.6, which denotes 0.1 variation in recommendations.
Why Intension Diverter List Finds (NASDAQ:ITRI)
Qualstar Corporation (NASDAQ:QBAK) [Trend Analysis] traded at $1.56 after rising 35.65% with around 1.17 million traded volume in most recent session. Its fifty-two week range was $0.91-$2.05. CEO and President of Qualstar, Steven N. Bronson stated that he is tremendously satisfied with the progress they made in less than 6 months. Fiscal Q2 bottom line was the best in over two years (since quarter ending September 30, 2011). They still have considerable work ahead of them but he is confident that they are on the right track.
How Stocks Detain Intensions (NASDAQ:QBAK)
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