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How These Application Software Stocks are Faring? -- Adobe Systems, Fortinet, Allscripts Healthcare, and Red HatNEW YORK, March 27, 2017 /PRNewswire/ -- On Friday, March 24, 2017, the Dow Jones Industrial Average and the S&P 500 edged 0.29% and 0.08% lower, respectively, at the closing bell, while the NASDAQ Composite stayed bullish, finishing marginally higher by 0.19%. Five out of nine sectors ended Friday's trading session in bullish territories. Taking into consideration last Friday's market sentiment, Stock-Callers.com assessed the following Application Software equities this morning: Adobe Systems Inc. (NASDAQ: ADBE), Fortinet Inc. (NASDAQ: FTNT), Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX), and Red Hat Inc. (NYSE: RHT). Download the free research reports on these stocks today: http://stock-callers.com/registration Adobe Systems San Jose, California headquartered Adobe Systems Inc.'s stock finished Friday's session 0.65% higher at $127.70 with a total volume of 3.04 million shares traded. Over the last one month and the previous three months, Adobe Systems' shares have gained 7.46% and 21.03%, respectively. Furthermore, the stock has surged 38.02% in the past one year. The Company's shares are trading above its 50-day and 200-day moving averages by 8.88% and 20.33%, respectively. Shares of Adobe Systems, which operates as a diversified software company worldwide, are trading at a PE ratio of 48.87. The stock has a Relative Strength Index (RSI) of 76.08. On March 24th, 2017, research firm Credit Suisse upgraded the Company's stock rating from 'Neutral' to 'Outperform'. See our free and comprehensive research report on ADBE at: http://stock-callers.com/registration/?symbol=ADBE
Sunnyvale, California headquartered Fortinet Inc.'s stock edged 0.22% lower, to close the day at $36.30. The stock recorded a trading volume of 920,737 shares. Fortinet's shares have gained 22.84% in the previous three months and 27.23% in the past one year. The Company's shares are trading 1.79% and 7.80% above its 50-day and 200-day moving averages, respectively. Shares of the Company, which provides cybersecurity solutions for enterprises, service providers, and government organizations worldwide, are trading at a PE ratio of 200.55. Additionally, the stock has an RSI of 50.02. FTNT free research report PDF is just a click away at: http://stock-callers.com/registration/?symbol=FTNT Allscripts Healthcare Solutions On Friday, shares in Chicago, Illinois headquartered Allscripts Healthcare Solutions Inc. ended the session 3.19% higher at $11.98 with a total volume of 1.80 million shares traded. Allscripts Healthcare Solutions' shares have gained 15.64% in the past three months. The stock is trading 0.82% above it 50-day moving average. Moreover, shares of the Company, which provides information technology and services to healthcare organizations in the US, Canada, and internationally, have an RSI of 51.11. Sign up for your complimentary report on MDRX at: http://stock-callers.com/registration/?symbol=MDRX
On Friday, shares in Raleigh, North Carolina headquartered Red Hat Inc. recorded a trading volume of 2.29 million shares, which was above their three months average volume of 1.80 million shares. The stock ended the day 0.24% higher at $82.96. Shares of the Company, which provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, mobile, and storage technologies to various enterprises worldwide, are trading at a PE ratio of 63.28. Red Hat's stock has gained 3.97% in the last three months and 13.27% in the previous one year. The Company's shares are trading above its 50-day and 200-day moving averages by 4.16% and 8.18%, respectively. Furthermore, Red Hat's shares have an RSI of 55.08. On February 28th, 2017, research firm Robert W. Baird downgraded the Company's stock rating from 'Outperform' to 'Neutral' while revising its previous target price from $85 a share to $90 a share. Register for free on Stock-Callers.com and download the latest research report on RHT at: http://stock-callers.com/registration/?symbol=RHT Stock Callers: Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. SC has not been compensated; directly or indirectly; for producing or publishing this document. PRESS RELEASE PROCEDURES: The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. NO WARRANTY SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. NOT AN OFFERING This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://stock-callers.com/legal-disclaimer/
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