Finisar Corporation : Technical Research on Riverbed Technology, Juniper Networks and Finisar
02/28/2013| 08:05am US/Eastern
Recommend:
LONDON, February 28, 2013 /PRNewswire/ --
Technology spending is expected to rebound in 2013 as global economy continues to show
signs of improvement. The U.S. economic data in recent weeks has indicated that the
recovery in the world's largest economy remains on track. Japan has implemented aggressive
monetary measures to kick start growth. Eurozone, however, remains a concern. Still
networking & communications devices makers such as Riverbed Technology Inc. (NASDAQ:
RVBD), Juniper Networks Inc. (NYSE: JNPR), and Finisar Corporation (NASDAQ: FNSR) can
expect a solid year ahead. On Wednesday, shares of all three technology companies rose
sharply, tracking gains in the broad market. The S&P 500 posted its second straight day of
gain, finishing 1.27% higher. The Technology sector rose 0.86% yesterday. StockCall has
posted free technical research reports on RVBD, JNPR and FNSR and these can be accessed by
signing up at
http://www.stockcall.com/analysis
Although Riverbed Technology's shares managed to finish higher in Wednesday's trading
session, the gains were modest. The stock closed 0.32% higher at $15.75 on volume of 3.02
million. For the week, Riverbed Technology Inc. shares have fallen more than 3%.
Year-to-date, the stock has fallen more than 20%, underperforming the broad market. The
company's shares had fallen sharply earlier this month after the company reported its
fourth quarter financial results. However, the MACD chart suggests that the bearish trend
may be coming to an end. Riverbed's shares could face resistance at around $21. The stock
currently has support at around $19. Its shares are currently trading on a P/E ratio of
47.73. Download the free report on RVBD upon registration at
http://www.StockCall.com/RVBD022813.pdf
Juniper Networks shares rose sharply on Wednesday, as the broad market rallied. The
stock closed 1.27% higher at $20.72 on volume of 4.96 million. Despite the gains
yesterday, shares of the Sunnyvale, California-based technology company have fallen more
than 3% this week. Year-to-date, Juniper Networks shares have gained more than 5.3%,
underperforming the S&P 500, which has gained more than 6% in the same period. The stock
is currently trading on a P/E ratio of 57.56. Its shares recently slipped below their
50-day moving average, which is a bearish signal. The bearish trend is further confirmed
by the MACD chart. The stock's MACD has slipped below the zero-line and is also trading
below the signal line. The company's shares currently have support at around $20.50. JNPR
technical report can be accessed for free by signing up at
http://www.StockCall.com/JNPR022813.pdf
Shares of Finisar Corp. rose sharply in Wednesday's trading session. The stock closed
3.14% higher at $14.77 on volume of 2.44 million. Despite the sharp rise yesterday,
Finisar shares have fallen more than 2.50% this week. Year-to-date, the stock has fallen
more than 9.3%, making it one of the worst performing technology stocks this year. The
company's shares have seen a sharp pullback from $17 resistance level. The stock has
slipped below its 50-day moving average, which is a bearish signal. The MACD is currently
trading below the signal line and the zero-line, which further confirms the bearish trend.
Finisar's shares currently have support at around $14. Free report on FNSR can be accessed
by registering at
http://www.StockCall.com/FNSR022813.pdf
About StockCall.com
StockCall.com is a financial website where investors can have easy, precise and
comprehensive research and opinions on stocks making the headlines. Sign up today to talk
to our financial analyst at
http://www.stockcall.com
SOURCE StockCall.com
Recommend :
