Tech Sector In News: Yahoo! (NASDAQ:YHOO), Juniper Networks (NYSE:JNPR), Riverbed Technology (NASDAQ:RVBD), Symantec (NASDAQ:SYMC) | The Cinema Post
Monday , May 27 2019
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Tech Sector In News: Yahoo! (NASDAQ:YHOO), Juniper Networks (NYSE:JNPR), Riverbed Technology (NASDAQ:RVBD), Symantec (NASDAQ:SYMC)

Starboard Value LP is gaining support from small investors in Yahoo! Inc. (NASDAQ:YHOO) (In Eye of Expert, Trend Analysis after Current Fluctuation? Get Her Free Report) among concerns regarding how CEO Marissa Mayer will turn around the Web portal as well as manage its assets. Jacob Asset Management, Eagle Global Advisors LLC and other shareholders have endorsed efforts by Starboard, which last month said it acquired a significant stake in Yahoo. Yahoo! Inc. (NASDAQ:YHOO) saw as a gainer stock in last session, rose 0.05% to finished at $41.10 with the overall traded volume of 33.53 million shares. The street professionals’ recommendation trends reflect as, stock on “Buy” rating by 10 analysts, while 13 analysts rate its shares as a “hold” security.

Juniper Networks, Inc. (NYSE:JNPR) (Read Report! How JNPR Noticeable Reacts on News Jerk?) reduced its third-quarter outlook, mostly on lesser than anticipated demand from service providers particularly in the U.S. The maker of infrastructure for telecommunications networks now anticipates per-share earnings of 34 cents to 36 cents and revenue of $1.11B to $1.12B. Juniper Networks, Inc. (NYSE:JNPR) settled at the price of $20.94 with negative change of -1.23% as its highest price in last session was noted at $21.12. On analysts consideration, the mean recommendation of this week is 2.4, [(Strong Buy 1.0 – 5.0 (Sell)] as compare to last week mean recommendation of 2.4, which indicates zero volatility in recommendations.

Riverbed Technology, Inc. (NASDAQ:RVBD) (Find Your Indebt Report on RVBD, to be Informed Well) reported that it would review strategic options and released a cost-cutting program, three days following activist investor Elliott Management reaffirmed its offer to buy the network equipment maker. Riverbed Technology, Inc. (NASDAQ:RVBD) has its total traded volume during previous session was 6.12 million shares with share price change of 2.82% to settled at $18.59. While in a recent pool of rating, stocks rated “Hold” by 28 analysts, 3 analysts rate it at “strong buy” while 1 analyst rate its shares to a “Buy” security.

Norton antivirus maker Symantec Corporation (NASDAQ:SYMC) (Watch Expert Views In Detail on SYMC Here) expected to split into two publicly traded firms, one selling security software and the other providing data management, possible making itself more attractive to suitors. Symantec Corporation (NASDAQ:SYMC) after opening at $23.94 hit its day high price of $23.98 moreover fell -2.37% to closed at $23.44. The consensus average revenue estimates are $1.63B for latest quarter, at the same time as 24 experts predict $1.70B revenues for the next three months of 2014.

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