Stocks in the News: Fang Holdings Ltd (NYSE:SFUN), Juniper Networks, Inc. (NYSE:JNPR)

On Wednesday, Shares of Fang Holdings Ltd (NYSE:SFUN), subtract -3.00% and closed at $2.91 in the last trading session. The last trading range of the stock ranges between $2.89 and $2.99. Fang Holdings Limited (SFUN) (“Fang,”the “Company,” “we” or “our”), the leading real estate Internet portal in China, recently declared that the United States District Court for the Central District of California has dismissed with prejudice all claims asserted by the lead plaintiffs in a securities class action lawsuit against the Company and certain of its current and former officers begind against them on October 30, 2015, by a shareholder purporting to represent a class consisting of purchasers of the Company’s common stock between May 20, 2015 and October 27, 2015. On October 18, 2016, the Court granted the defendants’ motion to dismiss the First Amended Complaint. The lead plaintiffs did not pursue a further amendment, and the Court dismissed the lead plaintiffs’ claims with prejudice on November 4, 2016. No payment or any other consideration was paid by the Company or its officers in connection with the lawsuit’s dismissal.

Juniper Networks, Inc. (NYSE:JNPR), jumped 0.50% and closed at $26.24 in the last trading session. The last trading range of the stock ranges between $26.00 and $26.63. The company’s Market capitalization is $10.03 Billion with the total Outstanding Shares of 380.32 million. Juniper Networks (JNPR), an industry leader in automated, scalable and secure networks, has been selected by MÁSMÓVIL, the fourth leading convergent services mobile operator in Spain with more than four million customers, to build a converged multi-service network for its next-generation network services. The new network will allow MÁSMÓVIL to efficiently expand its service offerings (fixed, mobile, asymmetric digital subscriber line (ADSL), fiber and data center) to multiple segments (residential, enterprise and carriers) powered by a single high-performance IP infrastructure.

MÁSMÓVIL is evolving from a mobile virtual network operator (MVNO) to a fully-integrated operator through a targeted M&A strategy (recent acquisitions of Yoigo and Pepephone are now being integrated into its business), and, as a result, they are one of the fastest-growing service provider in Spain. MÁSMÓVIL’s strategy is to have the most price- and quality-competitive offerings in the market, ensuring the highest customer satisfaction. Juniper’s solution was selected because it offered maximum performance, reliability and a consistently exceptional end-user experience.

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