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Information Technology Stocks Pre-Market Notes: Vringo, Cadence Design Systems, Adobe Systems, and Nuance Communications

Editor Note: For more information about this release, please scroll to bottom.

LONDON, March 14, 2014 /PRNewswire/ --

On Thursday, March 13, 2014, the NASDAQ Composite ended at 4,260.42, down 1.46%, the Dow Jones Industrial Average fell 1.41% to 16,108.89, and the S&P 500 closed at 1,846.34, down 1.17%. The losses were broad based as nine out of ten sectors ended the session in negative. The S&P 500 Information Technology Sector Index finished the day at 588.16, down 1.56%, while the same has gained 5.71% in the previous three months. Investor-Edge.com has initiated coverage on the following equities: Vringo Inc. (NASDAQ: VRNG), Cadence Design Systems Inc. (NASDAQ: CDNS), Adobe Systems Inc. (NASDAQ: ADBE), and Nuance Communications Inc. (NASDAQ: NUAN). Free research on these four companies can be accessed at:  

http://investor-edge.com/register

Vringo Inc.'s stock closed at $3.59 on Thursday, which is 2.71% lower than the previous day's closing price of $3.69. A total of 1.45 million shares were traded, which is below the three months average volumes of 3.27 million. The company's shares oscillated between $3.54 and $3.75 during the trading session. Vringo Inc.'s shares have rallied 18.87% in the previous three months and 21.28% on YTD basis. The stock is trading above its 200-day moving average. The company's 50-day moving average of $3.78 is above the 200-day moving average of $3.22. Furthermore, the stock is trading at the Relative Strength Index (RSI) of 37.79. Sign up and read the free notes on VRNG at:

http://www.Investor-Edge.com/03142014/VRNG/report.pdf

Shares in Cadence Design Systems Inc. witnessed trading of 2.34 million shares on Thursday, as compared with a three month average volume of 3.10 million shares. The stock ended the day at $15.38, down 0.90% and at an intraday trading range of $15.24 and $15.58 during the session. The stock traded at a PE ratio of 27.38. Shares in Cadence Design Systems Inc. have advanced 5.56% in the last one month, 13.51% in the previous three months and 9.70% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. The company's 50-day moving average of $14.61 is above the 200-day moving average of $14.17. Additionally, shares of the company are trading at the Relative Strength Index (RSI) of 62.49. The complimentary notes on CDNS can be downloaded as in PDF format at:

http://www.Investor-Edge.com/03142014/CDNS/report.pdf

On Thursday, Adobe Systems Inc.'s stock declined 1.44% finishing the session at $67.08. The stock recorded a trading volume of 2.87 million shares as compared to a three months average volume of 3.78 million shares. The company's shares fluctuated between $66.63 and $68.83 during the session. Adobe Systems Inc.'s shares have gained 0.06% in the last one month and 10.17% in the previous three months and 12.03% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. Adobe Systems Inc.'s 50-day moving average of $63.35 is above the 200-day moving average of $53.46. Moreover, shares of the company are trading at a PE ratio of 115.23 and at the Relative Strength Index (RSI) of 58.82. Register for free on Investor-Edge and access the latest research on ADBE at:

 http://www.Investor-Edge.com/03142014/ADBE/report.pdf

Shares in Nuance Communications Inc. recorded a trading volume of 3.99 million shares, as compared with a three month average volume of 4.85 million shares. The stock ended Thursday's session at $14.95, down 3.11% after vacillating between $14.92 and $15.50. Shares in Nuance Communications Inc. have gained 0.40% in the last one month, 5.06% in the previous three months, while the same has declined 1.64% on YTD basis. The company's shares are trading below its 50-day and 200-day moving averages. Nuance Communications Inc.'s 200-day moving average of $17.11 is above the 50-day moving average of $15.24. Furthermore, the stock is trading at the Relative Strength Index (RSI) of 53.90. The complete research on NUAN is available for free at:

http://www.Investor-Edge.com/03142014/NUAN/report.pdf

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EDITOR NOTES:

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  • This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  • Information in this release is fact checked and produced on a best efforts basis and reviewed by Nidhi Vatsal, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  • 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.
  • 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] Investor-edge.com.
  • For any urgent concerns or inquiries, please contact us at compliance [at] Investor-edge.com.
  • Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] Investor-edge.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-edge. An outsourced research services provider represented by Nidhi Vatsal, CFA, 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.

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