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Stocks in the Spotlight: Teradyne, Inc. (TER), Exact Sciences Corporation (EXAS), Brocade Communications Systems, Inc. (BRCD)

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Teradyne, Inc. (TER) had a active trading with around 2.69M shares changing hands compared to its three month average trading volume of 2.25M. The stock traded between $28.8 and $29.08 before closing at the price of $28.95 with 0% change on the day. The North Reading Massachusetts 01864 based company is currently trading 63.7% above its 52 week low of $18.07 and -0.28% below its 52 week high of $29.09. Both the RSI indicator and target price of 70.72 and $29.47 respectively, lead us to believe that it could drop over the coming weeks.

Teradyne, Inc. designs, develops, manufactures, and sells automatic test equipment worldwide. Its Semiconductor Test segment designs, manufactures, sells, and supports semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game applications, and others. This segment offers FLEX test platform systems; Magnum platform that tests memory devices, such as flash memory and dynamic random access memory; J750 test system to address the highest volume semiconductor devices; and ETS platform for use by semiconductor manufacturers, and assembly and test subcontractors in the low pin count analog/mixed signal discrete markets. It serves integrated device manufacturers (IDMs) that integrate the fabrication of silicon wafers into their business; fabless companies, which outsource the manufacturing of silicon wafers; foundries; and outsourced semiconductor assembly and test providers. The company’s Wireless Test segment designs, develops, and supports wireless test equipment for developing and manufacturing wireless devices, including smart phones, tablets, notebooks, laptops, personal computer peripherals, and other Wi-Fi, Bluetooth, and cellular enabled devices. This segment offers IQxstream solution for testing GSM, EDGE, CDMA2000, TD-SCDMA, WCDMA, HSPA+, LTE-FDD, TD_LTE, and LTE-A technologies for calibration and verification of smartphones, tablets, small cell wireless gateways, and embedded cellular modules; test equipment for connectivity testing; IQfact chipset software; and modular wireless test instruments. The company’s System Test segment offers defense/aerospace test instrumentation and systems; storage test systems; and circuit-board test and inspection systems. Its Industrial Automation segment provides collaborative robots for manufacturing and light industrial customers. The company was founded in 1960 and is headquartered in North Reading, Massachusetts.

Exact Sciences Corporation (EXAS) continued its upward trend with the stock climbing 4.18% or $0.79 to close the day at $19.69 on active trading volume of 2.67M shares, compared to its three month average trading volume of 2.42M. The Madison Wisconsin 53719 based company has been outperforming the medical laboratories & research group over the past 52 weeks, with the stock gaining 197.88%, compared to the industry which has advanced 25.02% over the same period. With RSI of 68.61, the stock should still continue to rise and get closer to its one year target estimate of $20.88, making it a hold for now.

Exact Sciences Corporation, a molecular diagnostics company, focuses on developing products for the early detection and prevention of various cancers. The company develops the Cologuard, a non-invasive stool-based DNA screening test for the early detection of colorectal cancer and pre-cancer. Its Cologuard test includes a protein marker to detect blood in the stool, utilizing an antibody-based fecal immunochemical test. The company has a collaboration, license, and purchase agreement with Genzyme Corporation, as well as with MAYO Foundation for Medical Education and Research for developing tests to detect lung, pancreatic, and esophageal cancers. Exact Sciences Corporation was founded in 1995 and is headquartered in Madison, Wisconsin.

Brocade Communications Systems, Inc. (BRCD) shares were down in last trading by -0.08% to $12.33. It experienced lighter than average volume on day. The stock decreased in value by almost -0.56% over the past week and fell -1.12% in the past month. It is currently trading -0.88% below its 50 day moving average and 21.1% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -1.67% decrease in value from its one year high of $12.54. The RSI indicator value of 35.08, lead us to believe that it is a hold for now.

Brocade Communications Systems, Inc. provides storage area networking (SAN) and Internet protocol (IP) networking solutions for businesses and organizations worldwide. It operates through three segments: SAN Products, IP Networking Products, and Global Services. The SAN Products segment offers infrastructure products and solutions, such as fiber channel SAN backbones, directors, and fabric/embedded switches that assist customers in the development and deployment of storage and server consolidation, disaster recovery, and data security, as well as to meet compliance requirements regarding data management; and FC fabric extension, analytics, switching, and routing solutions. The IP Networking Products segment provides Layer 2 and Layer 3 Ethernet switches and routers to connect users over private and public networks, including local area, metro, and within and across data centers. This segment also provides converged network products; a portfolio of related software and hardware-based data networking offerings; Layer 4-7 products that are designed for application traffic management and server load balancing; and a range of wireless products for the network edge. The Global Services segment offers break/fix maintenance, installation, consulting, network management and software maintenance, and customer support services. The company serves various enterprises and service providers, such as telecommunication firms, cable operators, and mobile carriers. The company markets and sells its products and services to end-user customers directly, as well as through various distribution partners, including original equipment manufacturers, distributors, systems integrators, and value-added resellers. Brocade Communications Systems, Inc. was founded in 1995 and is headquartered in San Jose, California.

 

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