TopStockPlays.com carries a comprehensive analysis of APKT, INFN, ALLT, MSI
Pompano Beach, FL -- (SBWIRE) -- 02/04/2013 -- Mergers and Acquisitions process is picking up pace this year after the recent takeover move by Cisco Systems, Oracle Corp (NASDAQ:ORCL) has decided to buy network equipment manufacturer Acme Packet Inc (NASDAQ:APKT) in a bid of $2.1 billion, putting it in a better place to contend with Cisco Systems Inc in shifting data securely through internet networks.
Is APKT a Solid Investment at These Levels? Read This Report For Details
Stock of Acme were changing hands 7 cents over the offer price of $29.25 in initial trading session on Monday, indicating that few investors predict a counter bid.
The agreement is Oracle's (ORCL) topmost agreement ever since it purchased Sun Microsystems in 2010 for almost $7 billion. The firm purchased almost a dozen firms in 2012, counting Eloqua Inc for $810 million in December.
Larry Ellison Oracle Chief Executive, who has used takeovers to enhance the firm’s revenue intensely over the past decade, had stated that in October he would not rule out a huge deal “down the road”.
At the current trading session, Acme Packet, Inc. (NASDAQ:APKT) shares gained +22.38% to $29.28 while The Stock traded within the range of $29.24 – $29.67. In the past year, the stock has traded within a range of $13.26 – $36.27. The current session’s volume of 16.11 million shares is up from the average daily trading volume of 1.66 million shares.
What was the Moving Force behind APKT On Bullish Run? Read This Research Report
While If we look at the few other stocks within industry, Infinera Corp, Allot Communications Ltd and Motorola Solutions Inc are remain in gainers list. Let’s have a quick look on their Market performance.
Infinera Corp. (NASDAQ:INFN) shares are up +2.21% to $7.39 while the stock is traded within the range of $7.38 – $7.75 in the current trading session. In the last 12 months the shares have traded between $4.32 and $8.90. The current session’s volume of 939,173 shares is higher than their average daily trading volume of 897,438 shares.
Will INFN Continue To Move Higher? Find Out Here
Allot Communications Ltd. (NASDAQ:ALLT) shares in the current session moved up +4.72% reaching at $14.50. The stock traded in a range of $14.16 – $14.66. In the last year the stock has moved within a range of $13.15 – $29.05. The current session’s volume of 907,659 shares is lower from their average daily trading volume of 951,840 shares.
For How Long ALLT will Fight for Profitability? Read This Trend Analysis report
Another rival company Motorola Solutions Inc (NYSE:MSI) trading up +0.31% to $59.05. Intraday trading recorded the stock price in a range of $58.50 to $59.03. In the previous 52 weeks the stock’s price ranged between $44.49 and $59.48. The current session’s volume of 324,287 shares was lower from their average daily trading volume of 1.67 million shares.
Why Should Investors Buy MSI After The Recent Gain? Just Go Here and Find Out
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