Brocade Communications Systems, Inc. (NASDAQ:BRCD) said Monday it plans to acquire Connectem, a privately held provider of LTE virtual Evolved Packet Core (vEPC) technology, to broaden Brocade’s software-based mobile networking portfolio. The acquisition will help Brocade Communications Systems Inc. (Nasdaq: BRCD) enable carriers to keep up with growing demands of traditional mobile data, along with new machine-to-machine and Internet of Things connectivity. On Tuesday shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD) closed at $12.39. Company’s sales growth for last 5 years was 2.50% and EPS growth for next 5 years is recorded as 8.33%.
On February 23, At the SPIE Advanced Lithography conference in San Jose, Calif., Applied Materials, Inc. (NASDAQ:AMAT), announced the industry’s first in-line 3D CD SEM metrology tool for solving the challenges of measuring the high aspect ratio and complex features of 3D NAND and FinFET devices. The new Applied VeritySEM(R) 5i system offers state-of-the-art high-resolution imaging and backscattered electron (BSE) technology that enable exceptional CD control in-line. Applied Materials, Inc. (NASDAQ:AMAT) in last trading activity moved down -4.47% to close at $24.49. Company weekly performance is -3.45% while its quarterly performance stands at 2.23%. Applied Materials, Inc. (NASDAQ:AMAT) is -4.50% away from its 52 week high.
Compass Point cut shares of Navient Corp (NASDAQ:NAVI) from a buy rating to a neutral rating in a research note issued to investors on Monday,TheFlyOnTheWall.com reports. The firm currently has $22.00 price target on the stock, down from their previous price target of $23.00. On last trading day Navient Corporation (NASDAQ:NAVI) increased 2.77% to close at $20.05. Its volatility for the week is 3.58% while volatility for the month is 2.77%. Navient Corporation (NASDAQ:NAVI) monthly performance is 1.57%.
On February 26, Issuer Direct Corporation (NYSEMKT:ISDR) announced the release of a native, branded Investor Relations App. The launch of the product will augment its offerings for shareholder communications clients and enable clients to more effectively and efficiently communicate with key stakeholders on mobile devices.Issuer Direct Corporation (NYSEMKT:ISDR) has 5.40% insider ownership while its institutional ownership stands at 20.30%. In last trading activity company’s stock closed at $11.41.
Cleco Corporation (NYSE:CNL) has reported a 3.70 percent fall in profit for the year ended Dec. 31, 2014. The company has earned $154.74 million, or $2.55 a share in the year, compared with $160.68 million, or $2.65 a share for the last year. On last trading day Cleco Corporation (NYSE:CNL) moved down -0.20% to close at $54.21. Its volatility for the week is 0.47% while volatility for the month is 0.61%. CNL’s sales growth for past 5 years was 0.30% and its EPS growth for past 5 years was 9.30%. Cleco Corporation (NYSE:CNL) monthly performance is 0.46%.