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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 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:

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:

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:

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:


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