Tech New Lows: Oi SA (ADR) (NYSE:OIBR), NetSuite Inc (NYSE:N), Neustar Inc (NYSE:NSR), CommVault Systems, Inc. (NASDAQ:CVLT)

Technology Stocks News 17

Oi SA (ADR) (NYSE:OIBR)’s preferred shares fell to a record low after the company was said to raise 8.25 billion reais ($3.71 billion) by selling stock at a price below yesterday’s close. The funding paved the way for a merger with Portugal Telecom SGPS SA. Brazil’s biggest phone carrier priced preferred shares at 2 reais apiece and common shares, which include voting rights, at 2.17 reais in the offering, according to a regulatory filing yesterday. Oi SA (ADR) (NYSE:OIBR) stock performance was -16.59% in last session and finished the day at $0.868. Traded volume was 137.19million shares in the last session and the average volume of the stock remained 7.20million shares. The beta of the stock remained 1.28.

NetSuite Inc (NYSE:N) saw strong trading volume on Tuesday after the company announced better than expected quarterly earnings. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of NetSuite Inc (NYSE:N) in a research note on Tuesday. NetSuite Inc (NYSE:N) rose 4.46 percent to $76.87 Tuesday on volume of 2.84million shares. The intra-day range of the stock was $70.32 to $79.28. NetSuite Inc (NYSE:N) has a market capitalization of $5.78billion.

“Our experience and evidence tends to support the notion that Russia is sufficiently organized and equipped to wage a very effective cyber-guerrilla campaign against the U.S. and avoid public attribution,” said Rodney Joffe, senior vice president of Neustar Inc. (NYSE:NSR) of Sterling, Va. Neustar Inc (NYSE:NSR)’s stock on Apr 29, 2014 reported a decrease of -3.40% to the closing price of $25.55. Its fifty two weeks range is $25.54 -$57.29. The total market capitalization recorded $1.54billion. The overall volume in the last trading session was 2.37million shares. In its share capital, NSR has 60.24million outstanding shares.

Credit Suisse reaffirmed their neutral rating on shares of CommVault Systems Inc (NASDAQ:CVLT) in a research note issued to investors on Monday. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. On Tuesday, shares of CommVault Systems, Inc. (NASDAQ:CVLT) advanced 1.04% to close the day at $46.55. Company return on investment (ROI) is 13.70% and its monthly performance is recorded as -27.81%. CommVault Systems, Inc. (NASDAQ:CVLT) quarterly revenue growth is -38.83%.

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