Finisar Corporation (FNSR) failed to extend gains with the stock declining -2.19% or $-0.79 to close the day at $35.22 on active trading volume of 3.07M shares, compared to its three month average trading volume of 2.6M. The Sunnyvale California 94089 based company has been outperforming the networking & communication devices group over the past 52 weeks, with the stock gaining 156.71%, compared to the industry which has advanced 28.33% over the same period. With RSI of 69.83, the stock should still continue to rise and get closer to its one year target estimate of $42.2, making it a hold for now.
Finisar Corporation provides optical subsystems and components for data communication and telecommunication applications in the United States, Malaysia, China, and internationally. Its optical subsystems primarily consist of transmitters, receivers, transceivers, transponders, and active optical cables that provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in communication networks, including the switches, routers, and servers used in wireline networks, as well as the antennas and base stations used in wireless networks. The company also offers wavelength selective switches, which are used to switch network traffic from one optical fiber to multiple other fibers without converting to an electronic signal. In addition, it provides optical components comprising packaged lasers, receivers, and photodetectors for data communication and telecommunication applications; and passive optical components for telecommunication applications. Finisar Corporation markets its products through its direct sales force, as well as through a network of distributors and manufacturers’ representatives to the original equipment manufacturers of storage systems, networking equipment, and telecommunication equipment, as well as to their contract manufacturers. Finisar Corporation was founded in 1987 and is headquartered in Sunnyvale, California.
Diebold Nixdorf, Incorporated (DBD) climbed 2.39% during last trading as the stock added $0.7 to finish the day at $29.95 with about 3.07M shares changing hands, compared to its three month average trading volume of 1.21M. The $2.25B market cap company, which fluctuated between $29.05 and $30.6 during the day, currently situated 42.9% above its 52 week low of $21.05 and 0.67% away from its one year high of $30.6. The RSI of 78.05 indicates the stock is overbought at the current levels, sell for now.
Diebold Nixdorf, Incorporated provides financial self-service delivery, integrated services and software, and security systems to the financial, commercial, retail, and other markets. The company operates in four segments: North America; Asia Pacific; Europe, Middle East and Africa; and Latin America. It offers self-service technologies and services, including automated teller machine (ATM) outsourcing, ATM security, deposit automation, recycling and payment terminals, and software. The company also provides self-service support and managed services comprising installation and ongoing maintenance of products, remote services, availability management, branch automation, and distribution channel consulting; and outsourced and managed services, such as remote monitoring, troubleshooting, transaction processing, currency management, maintenance, and online communication services. In addition, it offers electronic security services and products; security monitoring solutions comprising remote monitoring and diagnostics, fire detection, intrusion protection, managed access control, energy management, remote video management and storage, logical security, and Web-based solutions; and physical security and facility products. Further, the company engages in the provision of strategic analysis and planning for new systems, systems integration, architectural engineering, consulting, and project management services; development, training, support, and maintenance of elections and lottery equipment, personal computer equipment, networking, tabulation, and diagnostic software; and design, installation, maintenance, and monitoring of electronic security systems. The company was formerly known as Diebold, Incorporated and changed its name to Diebold Nixdorf, Incorporated in December 2016. Diebold Nixdorf, Incorporated was founded in 1859 and is headquartered in North Canton, Ohio.
Allegheny Technologies Incorporated (ATI) saw its value decrease by -1.58% as the stock dropped $-0.34 to finish the day at a closing price of $21.2. The stock was higher in trading and has fluctuated between $10.81-$23.69 per share for the past year. The shares, which traded within a range of $21.1 to $21.57 during the day, are up by 19.3% in the past three months and up by 19.84% over the past six months. It is currently trading 3.15% above its 20 day moving average and 15.54% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $0 a share over the next twelve months. The current relative strength index (RSI) reading is 59.81. The technical indicator lead us to believe there will be no major movement any time soon, hold.
Allegheny Technologies Incorporated produces and sells specialty materials and components worldwide. The company operates through two segments, High Performance Materials & Components; and Flat-Rolled Products. The High Performance Materials & Components segment provides various high performance materials, including titanium and titanium-based alloys; nickel-and cobalt-based alloys and superalloys; zirconium and related alloys, such as hafnium and niobium, advanced powder alloys, and other specialty materials, in long product forms of ingots, billets, bars, rods, wires, shapes and rectangles, and seamless tubes, plus precision forgings, castings, components, and machined parts. This segment serves aerospace and defense, oil and gas/chemical, hydrocarbon processing, electrical energy, and medical markets. The Flat-Rolled Products segment produces, converts, and distributes stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys in various forms, including plate, sheet, engineered strip, and Precision Rolled Strip products, as well as grain-oriented electrical steel. This segment serves oil and gas/chemical and hydrocarbon processing industry, electrical energy, automotive, food processing equipment and appliances, construction and mining, electronics, communication equipment and computers, and aerospace and defense markets. The company sells its products through direct sales and independent representatives. Allegheny Technologies Incorporated was founded in 1960 and is headquartered in Pittsburgh, Pennsylvania.