Tech Volatile Stocks: Silicon Graphics International (NASDAQ:SGI), Straight Path Communications (NYSEMKT:STRP), Telecom Argentina (NYSE:TEO), Amber Road (NYSE:AMBR), MRV Communications (NASDAQ:MRVC)

Technology Stocks News 14

Shares of Silicon Graphics International Corp. (NASDAQ:SGI) jumped as much as 14% Friday after the company announced the UK Atomic Weapons Establishment (AWE) has concluded compete acceptance of three of SGI’s ICE X supercomputing systems. Silicon Graphics International Corp (NASDAQ:SGI) stock performance was 6.84% in last session and finished the day at $9.68. Traded volume was 1.02million shares in the last session and the average volume of the stock remained 343.18K shares. The beta of the stock remained 2.38. Silicon Graphics International Corp (NASDAQ:SGI) insider ownership is 0.40%.

Straight Path Communications Inc (NYSEMKT:STRP) came up with its third quarter fiscal results for the period ended on April 30,2014.The company reported the total revenues at $913,000 as compared to the total revenues of $454,000 in the second quarter. The main thing to be noted here is that the company is continuously showing stable growth in its revenues figures from last three quarters. In the first quarter, it was $127,000 in the second quarter it posted $454,000 and now in the third quarter the revenues came at $913,000. The company’s stock price is trading near the 52 week high after the results. Straight Path Communications Inc (NYSEMKT:STRP) dropped -3.77 percent to $9.96 Friday on volume of 317.19K shares. The intra-day range of the stock was $9.60 to $10.65. Straight Path Communications Inc (NYSEMKT:STRP) has a market capitalization of $125.32million.

The sale of Telecom Italia’s majority stake in Telecom Argentina S.A. (ADR) (NYSE:TEO) to Mexican investment fund Fintech is still pending a regulatory decision six months after the sale was announced. Telecom Argentina S.A. (ADR) (NYSE:TEO)’s stock on June 20, 2014 reported a increase of 6.84% to the closing price of $22.01. Its fifty two weeks range is $13.11-$23.21. The total market capitalization recorded $4.29billion. The overall volume in the last trading session was 262.80K shares. In its share capital, TEO has 112.79million outstanding shares.

Amber Road (NYSE:AMBR), a leading provider of global trade management solutions (GTM), on 03 June 2014 announced that Azelis, a top global specialty chemicals distributor, has signed a worldwide contract with Amber Road for an automatedrestricted party screening solution.On Friday, shares of Amber Road Inc (NYSE:AMBR) advanced 7.86% to close the day at $16.87. Company return on investment (ROI) is 27.70% and its monthly performance is recorded as 36.49%. Amber Road Inc (NYSE:AMBR) quarterly revenue growth is -0.76%.

MRV Communications, Inc. (NASDAQ:MRVC), a leading provider of innovative packet and optical solutions, announced on 16 June 2014 that the launch of the groundbreaking OptiPacket (OP-X) metro service edge platform. The new OP-X series of products combines the field-proven technology and expertise of MRV’s optical and packet product families into an all-in-one, highly flexible, intelligent architecture. By optimizing the platform for packet, optical and converged packet-optical networks, MRV is enabling service providers to seamlessly deliver multilayer services over the same metro service edge. MRV Communications, Inc. (NASDAQ:MRVC) stock performance was -6.84% in last session and finished the day at $13.48. Traded volume was 224.40K shares in the last session and the average volume of the stock remained 15.08K shares. The beta of the stock remained 1.52. MRV Communications, Inc. (NASDAQ:MRVC) insider ownership is 1.20%.

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