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Nov 3, 2017 5:30 PM ET

Networking & Communication Devices Stock Performance Review — Gigamon, Juniper Networks, Palo Alto Networks, and Zayo

Disclosure NewswireTM

iCrowdNewswire - Nov 3, 2017

NEW YORK

If you want a Stock Review on GIMO, JNPR, PANW, or ZAYO then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Today’s pre-market research on DailyStockTracker.com is centered on the Networking and Communication Devices space, which includes companies that design and manufacture networking equipment, as well as servers, for enterprise, commercial, and consumer use. Equities under observation this morning are: Gigamon Inc. (NYSE: GIMO), Juniper Networks Inc. (NYSE: JNPR), Palo Alto Networks Inc. (NYSE: PANW), and Zayo Group Holdings Inc. (NYSE: ZAYO). These free stocks reports are currently available on DailyStockTracker.com. Simply sign up for your complimentary member access at:

http://dailystocktracker.com/register/

Gigamon 

Santa Clara, California headquartered Gigamon Inc.’s stock finished Thursday’s session flat at $38.95. A total volume of 1.43 million shares was traded, which was above their three months average volume of 930,250 shares. The Company’s shares are trading above their 200-day moving average by 3.09%. Moreover, shares of Gigamon, which develops and delivers solution that delivers visibility and control of data-in-motion traversing enterprise, federal, and service provider networks, have a Relative Strength Index (RSI) of 51.45.

On October 26th, 2017, Gigamon and Elliott Management (“Elliott”), a leading multi-strategy private investment firm, announced that they have entered into a definitive agreement under which the latter will acquire Gigamon for $38.50 per share in cash for a total value of approximately $1.6 billion. Upon completion of the transaction, Gigamon will become a privately held company. Elliott’s investment is being led by its private equity affiliate, Evergreen Coast Capital.

On October 27th, 2017, research firm Stifel downgraded the Company’s stock rating from ‘Buy’ to ‘Hold’ while revising its previous target price from $48 a share to $38.50 a share. Your complete research report on GIMO can be retrieved for free at:

http://dailystocktracker.com/registration/?symbol=GIMO

Juniper Networks 

Shares in Sunnyvale, California headquartered Juniper Networks Inc. declined 1.85%, ending yesterday’s session at $24.40. A total volume of 5.53 million shares was traded, which was above their three months average volume of 4.55 million shares. The stock is trading 9.67% below its 50-day moving average. Moreover, shares of Juniper Networks, which designs, develops, and sells network products and services worldwide, have an RSI of 31.66.  

On October 12th, 2017, research firm Nomura downgraded the Company’s stock rating from ‘Buy’ to ‘Neutral’.

On October 31st, 2017, Juniper Networks announced that Rami Rahim, CEO, will present at the UBS Global Technology Conference on Monday, November 13th, 2017, at 11:45 a.m. PT in San Francisco. The event will be available via a live webcast on the Company’s website. A free report on JNPR is just a click away at:

http://dailystocktracker.com/registration/?symbol=JNPR

Palo Alto Networks 

On Thursday, Santa Clara, California headquartered Palo Alto Networks Inc.’s stock saw a slight decline of 0.53%, to close the day at $143.23. A total volume of 1.65 million shares was traded, which was above their three months average volume of 1.34 million shares. The Company’s shares have advanced 9.78% in the previous three months and 14.54% on an YTD basis. The stock is trading 8.19% above its 200-day moving average. Additionally, shares of Palo Alto Networks, which provides security platform solutions worldwide, have an RSI of 37.73.  

On October 10th, 2017, research firm Morgan Stanley upgraded the Company’s stock rating from ‘Equal-Weight’ to ‘Overweight’.

On October 24th, 2017, Palo Alto Networks and Girl Scouts of the USA announced that they will cohost an event on Capitol Hill during National Cyber Security Awareness Month. Cybersecurity Day on the Hill, sponsored by a bi-partisan group of members of Congress, is designed to inspire the next generation of female cybersecurity professionals and encourage dialogue between the public and private sectors about developing a diverse talent pool to solve the toughest cybersecurity challenges.  Sign up for your complimentary research report on PANW at:

http://dailystocktracker.com/registration/?symbol=PANW

Zayo Group Holdings 

Shares in Boulder, Colorado headquartered Zayo Group Holdings Inc. ended the day 0.11% higher at $35.62. A total volume of 1.62 million shares was traded. The stock has gained 1.83% in the last one month, 8.93% in the previous three months, and 8.40% since the start of this year. The Company’s shares are trading above their 50-day and 200-day moving averages by 2.21% and 8.09%, respectively. Furthermore, shares of Zayo, which through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry, have an RSI of 53.86.  

On November 02nd, 2017, Zayo announced that it will provide fiber-to-the-tower (FTT) to approximately 70 new towers in Indiana to serve a major wireless carrier customer. The Company now provides services to all four major wireless carriers in the state. The sale leverages part of the Company’s 4,300 route miles of network in Indiana. Additionally, the new FTT project will add minimal network extensions in Fort WayneLafayette, and other areas. Register for free on DailyStockTracker.com and download the latest research report on ZAYO at:

http://dailystocktracker.com/registration/?symbol=ZAYO

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