Today's Research Reports on Trending Tickers: Sphere 3D and Juniper Networks
NEW YORK, NY / ACCESSWIRE / October 10, 2017 / U.S. stocks were relatively muted Monday after hitting multiple record highs last week. The Dow Jones Industrial Average declined 0.06 percent to close at 22,716.07, while the S&P 500 Index fell 0.18 percent to close at 2,544.73. The NASDAQ Composite Index declined 0.16 percent to close at 6,579.73. Investor focus will now shift to corporate earnings as major companies including Bank of America, Citigroup, and Wells Fargo are expected to report earnings results this week. Earnings for the S&P 500 are expected to increase by 4 percent year-over-year in the third quarter, according to data from S&P Capital IQ.
"Growth is likely to come in better than this early estimate. Just like the prior two quarters, this expected beat may be in the process of being priced into the market. If that is the case, we could see a small pullback or pause in the trajectory of the index as earnings season gets underway," said Lindsey Bell, investment strategist at CFRA, according to CNBC.
RDI Initiates Coverage on:
Sphere 3D Corp.
https://rdinvesting.com/news/?ticker=ANY
Juniper Networks Inc.
https://rdinvesting.com/news/?ticker=JNPR
Sphere 3D Corp.'s stock jumped 14.68% Monday, to close the day at $2.89. The stock recorded a trading volume of 7,009,042 shares, which was above its three months average volume of 421,078 shares. In the last year, Sphere 3D Corp.'s shares have traded in a range of 2.13 - 23.00. The share price has gained 35.68% from its 52 week low. The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $3.58 is below its 200-day moving average of $4.30. Shares of Sphere 3D Corp. have fallen approximately 61.47 percent year-to-date.
Access RDI's Sphere 3D Corp. Research Report at:
https://rdinvesting.com/news/?ticker=ANY
On Monday, shares of Juniper Networks Inc. recorded a trading volume of 8,478,767 shares, which was above the three months average volume of 3,952,690 shares. The stock ended the day 3.90% lower at 27.32. The share price has gained 21.91% from its 52 week low with a 52 week trading range of 22.41 - 30.96.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $27.67 is below its 200-day moving average of $28.49. Shares of Juniper Networks Inc. are trading at a Price to Earnings ratio of 16.35. Shares of Juniper Networks have fallen approximately 3.33 percent year-to-date.
Access RDI's Juniper Networks Inc. Research Report at:
https://rdinvesting.com/news/?ticker=JNPR
Our Actionable Research on Sphere 3D Corp. (NASDAQ: ANY) and Juniper Networks Inc. (NYSE: JNPR) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
