Tech Stocks in Top Row; NeoPhotonics (NPTN), 21Vianet Group (VNET)
Shares of NeoPhotonics Corp (NYSE:NPTN) ended Thursday session in red amid volatile trading. The shares closed down -0.15 points or -0.99% at $15.04 with 425,490.00 shares getting traded. Post opening the session at $15.20, the shares hit an intraday low of $14.78 and an intraday high of $15.23 and the price vacillated in this range throughout the day. The company has a market cap of $635.59 million and the numbers of outstanding shares have been calculated to be 41.82 million shares.
NeoPhotonics Corp (NPTN) announced at the European Conference on Optical Communications and Exposition (ECOC) held in Dusseldorf, Germany, that it is sampling a Class 40 High Bandwidth Micro-Intradyne Coherent Receiver (HB Micro-ICR) capable of supporting 64 Gbaud symbol rates, which is double the bandwidth of standard 32 Gbaud ICRs. The HB Micro-ICR supports higher order modulation up to 64 QAM, which when coupled with NeoPhotonics ultra-narrow linewidth, external cavity Micro-ITLA laser, can achieve 600 Gbps over Datacenter Interconnect distances of 80 km.
Similarly, using Dual Polarization QPSK modulation the HB Micro-ICR extends the reach to 2000 km at 200Gbps, double the data rate of standard coherent transmission. By using NeoPhotonics advanced coherent components, system designers can increase the bandwidth by up to a factor of six and dynamically change the reach and modulation format while keeping the number of components unchanged, enabling software defined networks (SDN) and greatly reducing the cost per bit.
Shares of 21Vianet Group Inc (NASDAQ:VNET) ended Thursday session in green amid volatile trading. The shares closed up +0.20 points or 2.84% at $7.24 with 411,209.00 shares getting traded. Post opening the session at $7.23, the shares hit an intraday low of $7.02 and an intraday high of $7.25 and the price vacillated in this range throughout the day. The company has a market cap of $633.44 million and the numbers of outstanding shares have been calculated to be 458.92 million shares.
21Vianet Group Inc (VNET) announced that IBM Bluemix cloud services, which are operated by 21Vianet, are now generally available in China.
With a rapidly growing population of developers, industries in China continue to progress the ways in which they use and build with advanced technologies via the cloud. The potential is tremendous across China’s vast network of enterprises and startups, including its manufacturing and financial services industries.
Since 21Vianet and IBM Cloud joined forces to bring IBM Bluemix to China in 2015, this partnership has helped to place technology at the center of a new wave of entrepreneurship and innovation throughout the country. With news, the deepening partnership now brings a comprehensive set of blockchain and IoT services to China’s burgeoning developer community.