News Update: Akamai Technologies, Inc.(NASDAQ:AKAM), Blackhawk Network Holdings Inc(NASDAQ:HAWK), Finisar Corporation(NASDAQ:FNSR)

On Friday, Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) added 0.39% and closed at $54.66 in the last trading session. The last trading range of the stock ranges between $54.07 and $55.24. Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. The company offers performance and security solutions designed to assist Websites and business applications operate while offering protection against security threats. It also provides media content delivery solutions that are designed to deliver movies, television shows, live events, games, social media, software downloads, and other content on the Internet in fixed line and mobile networks; adaptive delivery solutions for streaming video content; and download delivery solution that offers accelerated distribution for large file downloads, counting games, progressive media files, documents, and other file-based content. In addition, the company offers a suite of analytics tools to monitor online video viewer experiences and the effectiveness of Web software downloads, while measuring audience engagement, and quality of service performance; and NetStorage, a cloud storage solution, in addition to media services to deliver live and on-demand content to various devices and platforms. Further, it provides cloud security solutions, which assist customers avoid data theft and downtime, and protect Internet-facing infrastructure; and cloud networking solutions to assist customers enhance enterprise branch office and retail store productivity and revenue by accelerating applications, reducing bandwidth costs, and extending the Internet and public clouds into private wide area networks. In Addition To, the company offers network operator solutions that are designed to assist carriers to operate a network that capitalizes on traffic growth and new subscriber services; and professional services and solutions.

Blackhawk Network Holdings Inc (NASDAQ:HAWK) jumped 1.84% and closed at $34.30 in the last trading session. The last trading range of the stock ranges between $33.57 and $34.50. The company’s Market capitalization is $1.97B. Blackhawk Network Holdings, Inc. (HAWK) recently declared financial results for the third quarter ended September 10, 2016.

“Both the international and incentives segments produced healthy growth in GAAP operating revenues and in adjusted operating revenues while delivering expanded segment operating margins and adjusted EBITDA margins for the second successive quarter.  The EMV(1) impact on the U.S. retail segment was in line with our expectations and together with lower Cardpool revenues caused U.S. retail revenues to decline 8% and adjusted operating revenues to decline 19% contrast to last year’s third quarter,” commented CEO and president Talbott Roche.

Incentives segment revenues and adjusted operating revenues grew 19% and 17%, respectively, while International revenues and adjusted operating revenues grew 20% and 12%, respectively, during the third quarter mainly driven by growth in Europe.

Finisar Corporation (NASDAQ:FNSR) lost -1.50% and closed at $28.88 in the last trading session. The last trading range of the stock ranges between $28.84 and $29.78. Finisar Corporation provides optical subsystems and components for data communication and telecommunication applications in the United States, Malaysia, China, and internationally. Its optical subsystems mainly consist of transmitters, receivers, transceivers, transponders, and active optical cables that provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in communication networks, counting the switches, routers, and servers used in wireline networks, in addition to the antennas and base stations used in wireless networks. The company also offers wavelength selective switches, which are used to switch network traffic from one optical fiber to multiple other fibers without converting to an electronic signal. In addition, it provides optical components comprising packaged lasers, receivers, and photodetectors for data communication and telecommunication applications; and passive optical components for telecommunication applications.

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