Electronic Arts CRASH 5% and 4 More Stocks SLAMMING into 52-Week Lows
Acme Packet’s (NASDAQ:APKT) Net-Net Session Director session border controllers, or SBCs, have been deployed by Maaii, Limited, a top integrated communications application service supplier based in Hong Kong, to support its worldwide over-the-top, or OTT, communications service. This solution, which is flexible and scalable, provides high-performance Session Initiation Protocol security and interoperability functions for high-definition voice and instant messaging mobile applications on both iOS and Android devices, as it sets the foundation for future applications, such as interactive video and other rich media communications services. APKT shares closed down at $20.33, or 4.i percent Thursday, having traded in a range of $20.21 to $75.17 in the last 52 weeks.
Electronic Arts Inc. (NASDAQ:EA) Chief Opertaing Officer Peter Moore says that the video game industry is currently experiencing an “unbelievably difficult transformation” and added that the conventional wisdom of “when the new consoles come out, everything is going to be fine again,” no longer pertains, according to an interview published Wednesday by Kotaku. EA shares have traded between $12.20 and $26.13 in a 52-week range, but closed down 5.21 percent on the day at $12.
Flir Systems (NASDAQ:FLIR): Senator John McCain (R – AZ) says that he is open to the increasing of revenue as part of a deficit reduction agreement, reports Defense News; he has been a vociferous advocate of rescinding the sequester that would cause defense spending to be significantly decreased beginning in 2013. Flir shares closed down 2.84 percent Thursday at $19.48, having traded between $19.77 and $34.74 in the last 52 weeks.
Hess Corp. (NYSE:HES) has reached agreements with Petronas in the development of the North Malay Basin, which is located offshore the Peninsula of Malaya. Terms setting up the North Malay Basin Integrated Gas Development Project, include amendments to the current Production Sharing Contract for Block PM302, which Hess operates. The amendments increase the contract area to include nine new discovered fields in the North Malay Basin for natural gas production. Hess shares have traded in a range between $41.85 and $77.12 in the last 52 weks, but closed down 7.33 percent on the day at $40.97.
Juniper Networks (NYSE:JNPR) shares fell below their 52-week low to close at $15.88 (down 5.08 percent), after RBF lowered its price target from $24 to $14. The analyst is dubious regarding the firm’s company’s product transitions, and its ability to compete with Cisco’s (NASDAQ:CSCO) latest solutions. Cisco recruited several Juniper executives in 2011, and has been taking market share in the core router and Ethernet switch markets. The shares have been trading in a range of $15.95 to $33.11.
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