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Fortinet Inc. (NASDAQ: FTNT) shares gained 0.33 percent to close at $18.10 a share Tuesday. The stock traded between $17.93 and $18.32 on volume 2.44 million shares traded. The company has announced that its Board of Directors has authorized its first share repurchase program of up to $200.0 million in common stock. Shares of Fortinet have fallen approximately 14.0 percent year-to-date.
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Rambus Inc. (NASDAQ: RMBS) shares surged 112.31 percent to close at $9.58 a share Tuesday. The stock traded between $9.25 and $10.57 on volume of 11.74 million shares traded. The company announced that it has signed a broad patent cross license agreement with Micron Technology, Inc. Shares of Rambus have gained approximately 95.0 percent year-to-date.
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Thoratec Corporation (NASDAQ: THOR) shares declined 1.12 percent to close at $38.00 a share Tuesday. The stock traded between $37.99 and $38.42 on volume 472,723 shares traded. The company has announced that its Board of Directors has authorized a $200.0 million share repurchase program. Shares of Thoratec have gained approximately 1.25 percent year-to-date.
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Verizon Communications Inc. (NYSE: VZ) shares declined 1.05 percent to close at $49.05 a share Tuesday. The stock traded between $48.85 and $49.50 on volume 13.25 million shares traded. The company announced that it plans to acquire EdgeCast, an industry leader in content delivery networks. Shares of Verizon Communications have gained approximately 13.0 percent year-to-date.
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www.FiveStarEquities.com/VZ
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