|By PR Newswire||
|March 14, 2014 08:00 AM EDT||
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:
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:
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:
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:
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:
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The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
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