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What's Happening With These Application Software Stocks? -- Commvault Systems, Cadence Design Systems, BroadSoft, and Xunlei
[December 04, 2017]

What's Happening With These Application Software Stocks? -- Commvault Systems, Cadence Design Systems, BroadSoft, and Xunlei


NEW YORK, Dec. 4, 2017 /PRNewswire/ -- In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on CVLT, CDNS, BSFT, and XNET which is a click away at www.wallstequities.com/registration. The Software industry has transformed the way organizations, businesses, and even people coordinate and work. Its impact on the global economy and across various industries can be gauged by the increase in innovations, technical progress, enhanced productivity, and the workforce. For today, WallStEquities.com tracks the most recent performance of the following Application Software stocks: Commvault Systems Inc. (NASDAQ: CVLT), Cadence Design Systems Inc. (NASDAQ: CDNS), BroadSoft Inc. (NASDAQ: BSFT), and Xunlei Ltd (NASDAQ: XNET). See what Wall St. Equities' research desk has to say about these stocks, join our members and enjoy of your free research reports at:

www.wallstequities.com/registration

Commvault Systems

New Jersey headquartered Commvault Systems Inc.'s shares finished Friday's session 0.19% higher at $54.00. A total volume of 363,360 shares was traded. The stock has gained 4.65% in the last month and 5.06% on an YTD basis. The Company's shares are trading below their 200-day moving average by 3.38%. Moreover, shares of Commvault Systems have a Relative Strength Index (RSI) of 42.45.  

On November 07th, 2017 at Commvault GO 2017, Commvault Systems launched Commvault Endpoint Data Protection as a Service to simplify and streamline the backup and recovery of corporate data stored on laptops, desktops, and other devices in one flexible, easy-to-use software as a service offering. Fully managed by the Company in the cloud with 24/7 customer support, Commvault Endpoint Data Protection as a Service eliminates the need for in-house infrastructure installation and reduces application management resources.

On November 15th, 2017, research firm Wells Fargo initiated an 'Outperform' rating on the Company's stock, with a target price of $64 per share. Looking for insightful coverage on CVLT sign up for free at:

www.wallstequities.com/registration/?symbol=CVLT

Cadence Design Systems

Shares in California headquartered Cadence Design Systems Inc. ended the day 0.43% lower at $43.72 with a total trading volume of 1.76 million shares. The stock has advanced 1.65% in the last month, 13.00% in the previous three months, and 73.35% since the start of this year. The Company's shares are trading 3.10% and 20.83% above their 50-day and 200-day moving averages, respectively. Moreover, shares of the Company have an RSI of 49.37.  

On November 28th, 2017, Cadence Design Systems announced that James Haddad, Corporate Vice President Finance, will participate in a fireside chat at the Barclays Global Technology, Media and Telecommunications Conference on December 07th, 2017 at 2:00 p.m. PST at The Palace Hotel in San Francisco. Today's complimentary research report on CDNS is accessible at:

www.wallstequities.com/registration/?symbol=CDNS

BroadSoft

Maryland headquartered BroadSoft Inc.'s stock declined 0.36%, closing the session at$54.80. A total volume of 1.72 million shares was traded, which was above their three months average volume of 1.15 million shares. The Company's shares have gained 10.15% in the previous three months and 32.85% on an YTD basis. The stock is trading 2.03% above its 50-day moving average and 21.72% above its 200-day moving average. Additionally, shares of BroadSoft have an RSI of 56.57.

On November 06th, 2017, BroadSoft announced its financial results for the three and nine months ended September 30th, 2017. For Q3 2017, total revenue rose to $91.5 million, net loss was $(2.7) million, and net income on a non-GAAP basis was $12.4 million. For the first nine months of 2017, total revenue rose to $259.9 million, net loss was $(16.2) million, and net income on a non-GAAP basis was $27.0 million.

On November 15th, 2017, research firm Raymond James downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. Register now for your free research document on BSFT at:


www.wallstequities.com/registration/?symbol=BSFT

Xunlei

On Friday, shares in China headquartered Xunlei Ltd finished the 13.04% higher at $15.43. A total volume of 20.64 million shares was traded, which was above their three months average volume of 5.42 million shares. The stock has surged 28.48% in the last month, 258.84% over the previous three months, and 299.74% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 66.30% and 201.80%, respectively. Moreover, shares of Xunleihave an RSI of 53.21.  

On November 16th, 2017, Xunlei announced its unaudited financial results for the quarter ended September 30th, 2017. Total revenues for Q3 2017 were US$47.3 million, online advertising revenues were US$5.7 million, and other Internet value-added services revenues were US$20.8 million. Cost of revenues for the quarter was US$28.8 million, gross profit was US$18.3 million, operating loss was US$30.4 million, and net loss from continuing operations was US$25.6 million. Click on the link below and see our free report XNET at:

www.wallstequities.com/registration/?symbol=XNET

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