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Tech Stocks Review! Verizon Communications Inc. (VZ), Brocade Communications Systems, Inc. (BRCD)

Shares of Verizon Communications Inc. (NYSE:VZ) ended Monday session in red amid volatile trading. The shares closed down -0.10 points or -0.19% at $51.88 with 9.12 million shares getting traded. Post opening the session at $51.84, the shares hit an intraday low of $51.60 and an intraday high of $52.14 and the price vacillated in this range throughout the day. The company has a market cap of $210.91 billion and the numbers of outstanding shares have been calculated to be 4.08 billion shares.

Verizon’s Fios TV customers now have even more high definition college sports games at their fingertips across multiple platforms with the launch of ESPN College Extra in HD on Fios TV. Available on channels 821-828, ESPN College Extra delivers up to 15 out-of-market college football games each week as well as the best of college basketball and other sports. Fios is the first telco or cable provider to carry these channels in HD.

ESPN College Extra is available to Fios TV Sports Pass and Ultimate HD customers.

“Whether you’re at home or on the go, college football fans don’t have to miss a single snap,” said Ben Grad, executive director, content strategy and acquisition, Verizon. “We’ve made unrivaled investments in our content platforms that enable us to deliver these live games wherever you are. We’re lucky to work with programmers like ESPN to make this multiplatform distribution possible.”

Shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD) ended Monday session in green amid volatile trading. The shares closed up +0.08 points or 0.87% at $9.31 with 5.62 million shares getting traded. Post opening the session at $9.23, the shares hit an intraday low of $9.17 and an intraday high of $9.36 and the price vacillated in this range throughout the day. The company has a market cap of $3.76 billion and the numbers of outstanding shares have been calculated to be 400.87 million shares.

Brocade Communications Systems, Inc. (BRCD) announced the company has achieved leader status in the IHS Markit Wireless LAN Infrastructure Vendor Scorecard – 2016 for Ruckus Wireless’ significant presence in the market and fast-paced momentum in wireless LAN growth. Brocade acquired Ruckus Wireless in May 2016, and Ruckus now operates as a business unit within Brocade. Prior to the acquisition, Ruckus was already the largest standalone vendor of WLAN products.

According to IHS, “Due to market consolidation, the WLAN vendor landscape has bifurcated into end-to-end networking providers that can address the whole range of enterprise networking requirements and specialists that focus on a particular niche or new ways of solving old problems. The leaders—Brocade, Cisco, and HPE Aruba—are end-to-end networking providers that compete broadly in all segments of the market, leveraging the completeness of their portfolio and their installed bases.”

“Brocade is honored to be recognized as a leader in the IHS Markit WLAN Scorecard,” said Dan Rabinovitsj, chief operating officer, Ruckus Wireless business unit at Brocade. “We continue to offer our customers high-performing wireless technology, and the recognition by IHS further validates the considerable steps we’ve taken this year in the enterprise WLAN infrastructure market—a market that many forecast will continue to experience growth due to the rise in Internet traffic and next-gen connected devices. We look forward to further supporting our customers’ WLAN needs.”

 

 

 

About Anthony Davis

Anthony Davis has been a contributor on technology for us since from day one. Anthony Davis has provided his services independently. His educational background in technology has given him a broad base of writing columns on technology.

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