Breaking News Bar

Business News and Information

Application Software Stocks on our Radar -- Allscripts Healthcare Solutions, Adobe Systems, Fortinet, and Cadence Design Systems

NEW YORK, NY / ACCESSWIRE / January 27, 2016 / Park Lane Advisor has initiated coverage on the following equities: Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX), Adobe Systems Inc. (NASDAQ: ADBE), Fortinet Inc. (NASDAQ: FTNT), and Cadence Design Systems Inc. (NASDAQ: CDNS). Free research report on Allscripts Healthcare Solutions can be accessed at http://www.parklaneadvisor.com/ On Tuesday, January 26, 2016, the NASDAQ Composite ended at 4,567.67, up 1.09%, the Dow Jones Industrial Average advanced 1.78%, to finish the day at 16,167.23, and the S&P 500 closed at 1,903.63, up 1.41%. The gains were broad based as eight out of nine sectors ended the session in positive. Register for your complimentary reports at the links given below.

On Tuesday, shares in Allscripts Healthcare Solutions Inc. ended the session 0.78% higher at $14.28. The stock reported a trading volume of 3.70 million shares, above its three months average volume of 2.76 million shares. Allscripts Healthcare Solutions Inc.'s shares have declined 5.15% in the last one month, but it has advanced 3.20% in the previous three months and 11.93% in the last one year. The company is trading 2.31% above its 200-day moving average. Moreover, shares of Allscripts Healthcare Solutions Inc. have a Relative Strength Index (RSI) of 46.45. Sign up and read the free notes on MDRX at:

http://www.parklaneadvisor.com/

Adobe Systems Inc.'s stock edged 0.14% higher, to close the day at $86.89. The stock recorded a trading volume of 2.75 million shares, above its three months average volume of 2.60 million shares. Adobe Systems Inc.'s shares have gained 17.16% in the past one year, but the shares have lost 7.51% in the last one month. The company's shares are trading 3.81% above their 200-day moving average. Additionally, Adobe Systems Inc. traded at a PE ratio of 39.04 and has an RSI of 69.98. The complimentary notes on ADBE can be downloaded in PDF format at:

http://www.parklaneadvisor.com/

On Tuesday, shares in Fortinet Inc. recorded a trading volume of 4.44 million shares, higher than their three months average volume of 2.41 million shares. The stock ended the day 1.25% lower at $26.87. Shares of the company traded at a PE ratio of 272.10. The company is trading below its 50-day and 200-day moving averages by 15.44% and 31.05%, respectively. Furthermore, shares of Fortinet Inc. have an RSI of 33.13. Register for free on Park Lane Advisor and access the latest research on FTNT at:

http://www.parklaneadvisor.com/

Cadence Design Systems Inc.'s stock finished Tuesday's session 2.28% higher at $19.30. A total of 3.36 million shares were traded, which was close to its three months average volume of 3.45 million shares. Cadence Design Systems Inc.'s shares have advanced 2.28% in the past one year, but the shares have lost 10.91% over the last one month. The company's shares are trading below their 50-day and 200-day moving averages by 8.17% and 5.69%, respectively. Cadence Design Systems Inc.'s stock traded at a PE ratio of 24.83 and has an RSI of 42.33. The complete research on CDNS is available for free at:

http://www.parklaneadvisor.com/

--

About Park Lane Advisor:

Park Lane Advisor ("PLA") produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. PLA has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PLA has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer"). The Reviewer has reviewed and revised the content, as necessary, based on sound investment judgment and publicly available information which is believed to be reliable. The Reviewer and the Sponsor have not performed any independent investigations or forensic audits to validate the information herein. Unless otherwise noted, any content outside of this document has no association with the Author, the Reviewer, or the Sponsor (collectively referred to as the "Production Team") in any way. The Production Team is compensated on a fixed monthly basis and do not hold any positions of interest in any of the securities mentioned herein.

NO WARRANTY

PLA, the Author, the Reviewer and the Sponsor (collectively referred to as the "Publishers") are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by the Publishers whatsoever for any direct, indirect or consequential loss arising from the use of this document. The Publishers expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, the Publishers do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PLA nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit www.ParkLaneAdvisor.com

RESTRICTIONS

PLA is not available to residents of Belarus, Cuba, Canada, Iran, North Korea, Sudan, Syria or Somalia.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

E-mail: media (at) ParkLaneAdvisor (dot) com

SOURCE: Park Lane Advisor

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
bottom clear