Sirius-Apple Spectrum Resolved and 4 Movers Seeing Action Today
Oracle Corporation (NASDAQ:ORCL) saw a decline, proving many predictions to be correct, due to IBM results along with economic issues in Europe and elsewhere also have harmed its rivals. It is currently trading at volume higher than average, and the stock saw a 2.01 percent drop yesterday. Its previous 52-week high was $33.81, moved up -0.95 percent over the same period, trading at a volume of 28.32 million. Shares have seen a 29 percent rise over the following 6 months. As of now, the stock is trading -1.53 percent below its SMA 50 and 6.79 percent above its SMA 200.
Align Technology, Inc. (NASDAQ:ALGN) price target was reduced by Cantor Fitzgerald from $37.00 to $32.00. The firm gives a Hold rating on the stock.
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Sirius XM (NASDAQ:SIRI): AT&T Inc. (NYSE:T) has had a spectrum intervening with the spectrum of Sirius XM Radio Inc, and The Federal Communications Commission has blocked AT&T Inc. from using the spectrum for fifteen years as a means to increase its network. Yesterday, the FCC accepted a proposal by AT&T and Sirius XM Radio, claiming that a guard will be placed between the interfering spectrums.
Research in Motion (NASDAQ:RIMM): According to a new study by Strategy Analytics, over 1 billion people now use smartphones daily, which is over 1 in 7 of everyone on earth. This began when Nokia introduced smartphones, reports Bloomberg. Everything became heated with Apple’s (NASDAQ:AAPL) iPhone, Research In Motion’s BlackBerry and the phones using Google’s (NASDAQ:GOOG) Android system, like Samsung’s Galaxy.
Fortinet, Inc. (NASDAQ:FTNT) shares saw a decline of $4.66 or 18.79 percent at $20.14 during Wednesday’s session. The company’s net income dropped 4 percent for Q3 with the growth in expenses. Net income saw a decline of $0.7 million or a cent at $17.2 million or 10 cents per share for the quarter versus last year. However, revenue saw a 17 percent increase by $19.9 million at $136.3 million versus last year.
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