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Telecommunications equipment industry

Stocks in the News: Emerging Growth Companies and Technology Leaders

Strategic Insights

— 1 min read

Yesterday's market saw significant movements in various stocks, driven by earnings reports, upgrades, and other factors. Key takeaways from the day's trading include the upward trend of Viper Networks Incorporated (OTC: VPER), whose shares traded strong with above average volume after announcing a global sales campaign. Additionally, Viisage Technology Incorporated (NASDAQ: VISG) was upgraded by CE Unterberg Towbin and initiated a public offering, while Symantec Corporation (NASDAQ: SYMC) saw a significant increase in revenue and earnings, prompting an upgrade from Deutsche Securities.

Key Takeaways:

  • Viper Networks Incorporated (OTC: VPER) shares traded strong with above average volume, driven by the announcement of a global sales campaign.
  • Viisage Technology Incorporated (NASDAQ: VISG) was upgraded by CE Unterberg Towbin from "Market Perform" to "Buy" and initiated a public offering of 7,200,000 shares.
  • Symantec Corporation (NASDAQ: SYMC) saw a significant increase in revenue (48%) and earnings (122%) over last year's first quarter, prompting an upgrade from Deutsche Securities.
  • Keane Incorporated (NYSE: KEA) shares rose 0.35% to close at $14.30 after quarterly earnings rose 21.9% to $8.1 million, or 13 cents per share.
  • Motorola Incorporated (NYSE: MOT) shares rose 4.98% to $15.61 after posting earnings of 21 cents a share, compared to analyst expectations of 18 cents a share.
  • The Nasdaq gained 0.78%, while the Dow and S&P 500 gained a respective 0.04% and 0.27% yesterday.
  • Semiconductor stocks recouped, with the SOX Index and BTK Index up 3.1% and 2.4%, respectively.

Statistics:

  • Viper Networks Incorporated (OTC: VPER) shares traded with above average volume yesterday.
  • Viisage Technology Incorporated (NASDAQ: VISG) closed at $6.95, up $0.15, or 2.21%.
  • Symantec Corporation (NASDAQ: SYMC) revenue increased by 48% and earnings by 122% over last year's first quarter.
  • Keane Incorporated (NYSE: KEA) quarterly earnings rose 21.9% to $8.1 million, or 13 cents per share.
  • Motorola Incorporated (NYSE: MOT) posted earnings of 21 cents a share, compared to analyst expectations of 18 cents a share.
  • The Nasdaq gained 0.78% yesterday.
  • The Dow and S&P 500 gained a respective 0.04% and 0.27% yesterday.
  • Semiconductor stocks recouped, with the SOX Index and BTK Index up 3.1% and 2.4%, respectively.

Sources:

  • M2 PressWIRE (23 July 2004)
  • InvestSource Inc. (www.investsource.us)

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