Wall Street Fundamentals Releases New In-Depth Stock Reports on AKAM, IDCC, GLUU and VRNG


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NASDAQ:AKAM / NASDAQ:IDCC / NASDAQ:GLUU / NASDAQ:VRNG
04/08/2014 [ACCESSWIRE]

Declines in the high-growth technology sector dragged down U.S. markets Monday. The NASDAQ pulled back 1.16 percent, while the Dow Jones Industrial Average fell 1.02 percent. Additionally, analysts have lowered their first quarter earnings expectations after a harsh winter stunted economic growth. According to data from FactSet, S&P 500’s earnings are projected to decline 1.4 percent year-over-year. "People are trying to get more defensive ahead of this earnings season," said Keith Bliss, senior vice president of Cuttone & Co. "There have been revisions down on both earnings growth and revenue growth. They've been coming down pretty steadily since December." Here is how some tech companies reacted Monday:

Akamai Technologies, Inc. (NASDAQ: AKAM) shares traded in the range of $53.11 to $54.60 Monday before settling to close at $53.84, a decrease of 0.94 percent. The stock appears to be facing some resistance at the $54.61 and $55.65 levels with some support at $53.36 and $49.61. Shares of Akamai Technologies have gained approximately 14.0 percent year-to-date.

More information on Akamai Technologies and access to the free equity report can be found at:      
www.WallStreetFundamentals.com/AKAM

InterDigital, Inc. (NASDAQ: IDCC) shares traded in the range of $32.25 to $33.10 Monday before settling to close at $32.74, a decrease of 0.82 percent. The stock appears to be facing some resistance at the $32.77 and $34.26 levels with some support at $31.77 and $30.17. Shares of InterDigital have gained approximately 11.0 percent year-to-date.

More information on InterDigital and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/IDCC

Glu Mobile Inc. (NASDAQ: GLUU) shares traded in the range of $4.06 to $4.27 Monday before settling to close at $4.11, a decrease of 1.67 percent. The stock appears to be facing some resistance at the $4.31 and $4.66 levels with some support at $4.09 and $3.97. Shares of Glu Mobile have gained approximately 6.0 percent year-to-date.

More information on Glu Mobile and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/GLUU

Vringo, Inc. (NASDAQ: VRNG) shares traded in the range of $3.72 to $3.84 Monday before settling to close at $3.77, a decrease of 1.31 percent. The stock appears to be facing some resistance at the $3.95 and $4.06 levels with some support at $3.76 and $3.56. Shares of Vringo are up approximately 27.0 percent year-to-date.

More information on Vringo and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/VRNG

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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

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