Take-Two FACING Competition and 3 Stocks that Have Hit 52-Week Lows
Juniper Networks (NYSE:JNPR) and NTT Communications reported that the latter has joined Juniper Networks security and remote access technologies into Mobile Connect, which represents a new “Bring Your Own Device”, or BYOD, security service introduced to address corporate customers’ demand for enhanced mobile network access. NTT Communications selected Juniper Networks MAG Series Junos Pulse Gateways and Junos Pulse multi-function, multi-platform mobile security software to be key components of its overall solution, allowing it to launch a highly-secure, policy-driven mobility service to customers rapidly and cost-effectively. Shares closed down 2.37 percent at $14.84, have traded in a 52-week range of $15.08 to $32.17.
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Semileds Corp. (NASDAQ:LEDS) posts its third quarter adjusted earnings per share of 29 cents, which easily beats consensus of 23 cents. Shares closed down 5.4 percent on the day at $2.63, having traded in a 52-week range of $2.51 to $6.61.
Sunpower Corp. (SPWR): It’s anticipated that the Japanese government will lower feed-in tariff rates and set tangible or intangible barriers to shut out imported solar modules in March 2013, says Digitimes. Shares closed down 1.3 percent on the day, and have traded between $4.51 to $23.36 the last 52 weeks.
Take-Two Interactive (NASDAQ:TTWO): Sales of video games software dropped by 29 percent in June, compared year-to-year with 2011, says data from the consumer market research firm NPD, which was relayed to investors by the research firm Piper Jaffray predicted earlier on Tuesday, with the data due to be released Thursday night. Piper favors video game makers with growing exposure to social and mobile games, and kept its Overweight on Electronic Arts (NASDAQ:ERTS) and Zynga (NASDAQ:ZNGA). At the same time, Piper forecasts that the NPD data will indicate that Electronic Arts’ sales dropped 19 percent in June (as opposed to the NPD’s 29 percent estimate). Piper pointed out that EA didn’t introduce any new titles last month and is facing tough comparables with June 2011, at which time it released two top-notch titles. Shares closed down 1.51 percent at $9.12, having been traded in a 52-week range of $9.13 to $16.99.
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