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MARKETS LIVE BLOG:

STOCKS TRADE HIGHER; DISNEY SINKS AFTER EARNINGS

Apple reportedly designing its own AI chips for data centres

Wall Street Fundamentals Releases New In-Depth Stock Reports on CTXS, FIO, N and RHT

ACCESSWIRE

Cloud computing has been gaining in popularity among companies as demand for smartphones and tablets continue to rise. According to research firm International Data Corporation, spending on public IT cloud services is expected to approach $100 billion in 2016 from roughly $40 million in 2012. Over the 2012 to 2016 period public IT cloud services is expected to experience a compound annual growth rate (CAGR) of 26.4%. "By the end of the decade, IDC expects at least 80% of the industry's growth, and enterprises' highest-value leverage of IT, will be driven by cloud services and the other 3rd Platform technologies." said Frank Gens, IDC’s senior vice president and chief analyst.

Citrix Systems, Inc. (NASDAQ:CTXS - News) shares traded in the range of $59.36 to $60.86 Friday before settling to close at $60.36, a decrease of 0.71 percent. The stock appears to be facing resistance at the $75.25 and $73.52 levels. Shares of Citrix Systems have fallen approximately 8.0 percent in year-to-date.

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

Fusion-IO, Inc. (NYSE:FIO - News) shares traded in the range of $13.88 to $14.25 Friday before settling to close at $14.24 a share, an increase of 0.78 percent. The stock appears to be facing resistance at the $15.54 and $16.38 levels with support at $14.08. Shares of Fusion-IO have fallen approximately 37.9 percent year-to-date.

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More information on Fusion-IO and access to the free equity report can be found at:
www.WallStreetFundamentals.com/FIO

NetSuite Inc. (NYSE:N - News) shares traded in the range of $90.58 to $92.11 Friday before settling to close at $91.74, a decrease of 0.04 percent. The stock appears to be facing some resistance at $95.10 with some support at $89.26. Shares of NetSuite have gained approximately 40.0 percent year-to-date.

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

Red Hat Inc. (NYSE:RHT - News) shares traded in the range of $47.19 to $48.36 Friday before settling to close at $47.82, a decrease of 1.34 percent. The stock appears to be facing resistance at the $48.41 and $49.22 levels with some support at $47.73. Shares of Red Hat have fallen approximately 9.7 percent year-to-date.

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

Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.

Activate your always free membership by signing up at www.WallStreetFundamentals.com today.

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