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Information Technology Stocks Morning Analysis -- Research on Splunk, SAP AG, Fortinet and Red Hat

Editor Note: For more information about this release, please scroll to bottom

LONDON, March 20, 2014 /PRNewswire/ --

The trading session on Wednesday, March 19, 2014 ended on a negative note as the S&P 500 finished at 1,860.77, down 0.61%; the NASDAQ Composite closed at 4,307.60, down 0.59%; the Dow Jones Industrial Average finished the session 0.70% lower at 16,222.17. The losses were broad based as all ten sectors posted losses. The S&P 500 Information Technology Sector Index finished the day at 596.83, down 0.52%, while the same has gained 1.14% in the last one month. Investor-Edge has initiated coverage on the following equities: Splunk Inc. (NASDAQ: SPLK), SAP AG (NYSE: SAP), Fortinet Inc. (NASDAQ: FTNT) and Red Hat Inc. (NYSE: RHT). Free technical research on SPLK, SAP, FTNT and RHT can be downloaded upon signing up at:

http://www.investor-edge.com/368-register

Splunk Inc.'s shares declined 2.30%, closing the day at $87.95. A total of 1.66 million shares were traded, which is below the three months average volume of 1.71 million. The company's shares oscillated between $87.04 and $89.86 during the trading session. Splunk Inc.'s shares have gained 4.00% in the previous three trading sessions, 2.24% in the last one month, and 28.08% on YTD basis. The company's shares are trading above their 50-day and 200-day moving averages of $82.60 and $63.55, respectively. Furthermore, the stock is trading at the Relative Strength Index (RSI) of 57.21. Sign up today to read free research on SPLK at:

http://www.investor-edge.com/368-SPLK-20Mar2014.pdf

On Wednesday, shares in SAP AG edged 0.91% lower to finish the day at $77.32. The stock recorded trading volume of 1.58 million shares as compared to a three months average volume of 1.07 million shares. The stock fluctuated between $76.61 and $78.09 during the session. SAP AG's shares have advanced 2.64% in the previous three trading sessions, while the stock declined 2.78% in the last one month and 11.27% on YTD basis. The company's stock is trading below its 50-day moving average. SAP AG's 50-day moving average of $79.16 is above the 200-day moving average of $77.26. Moreover, the stock is trading at the Relative Strength Index (RSI) of 49.54. Sign up today to read free research on SAP at:

http://www.investor-edge.com/368-SAP-20Mar2014.pdf

Shares in Fortinet Inc. recorded a trading volume of 1.29 million shares, as compared with a three months average volume of 3.13 million shares. The stock finished the day at $23.69, down 0.38% after trading between $23.47 and $23.84. Shares of the company traded at a PE ratio of 93.16. Fortinet Inc.'s shares have gained 3.68% in the previous three trading sessions, 7.10% in the last one month, and 23.84% on YTD basis. The company's shares are trading above their 50-day and 200-day moving averages of $21.88 and $20.16, respectively. Additionally, shares of the company are trading at the Relative Strength Index (RSI) of 61.63. Sign up today to read free research on FTNT at:

http://www.investor-edge.com/368-FTNT-20Mar2014.pdf

On Wednesday, shares in Red Hat Inc. recorded a trading volume of 1.85 million shares, as compared with a three months average volume of 1.71 million shares. The stock ended the day at $58.24, down 0.97% and at an intraday range of $58.10 and $59.35. Shares of the company traded at a PE ratio of 63.49. Red Hat Inc.'s shares have advanced 1.08% in the previous three trading sessions and 3.93% on YTD basis, while the stock declined 0.67% in the last one month. The company's shares are trading above their 50-day and 200-day moving averages of $58.02 and $50.75, respectively. Furthermore, the stock is trading at the Relative Strength Index (RSI) of 51.83. Sign up today to read free research on RHT at:

http://www.investor-edge.com/368-RHT-20Mar2014.pdf


===============
EDITOR'S NOTES:
===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Nidhi Vatsal, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.

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6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.

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Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-edge. An outsourced research services provider represented by Nidhi Vatsal, CFA, has only reviewed the information provided by Investor-edge in this article or report according to the Procedures outlined by Investor-edge. Investor-edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

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