On Tuesday, Brocade Communications Systems, Inc. (NASDAQ:BRCD)’s shares declined -0.45% to $12.09.
Brocade Communications Systems, Inc. (BRCD) declared the Brocade® Flow Optimizer application and new SDN capabilities in Brocade MLX® Series routers. In the New IP, the Brocade Flow Optimizer enables the network to play a role in understanding anomalous traffic patterns and behaviors, and flags them or takes action in real time.
The Brocade Flow Optimizer is an SDN application that supports an OpenDaylight-based controller that provides real-time policy-based administration for network traffic flows. When coupled with Brocade MLXe routers, the Brocade Flow Optimizer enables service providers and enterprises to gain proactive insight into their network traffic, mitigate network attacks, and eliminate network congestion, with the ultimate aim of improving the end user experience.
Brocade Communications Systems, Inc. provides storage area networking (SAN) and Internet protocol networking solutions for businesses and organizations worldwide. It operates through SAN Products, IP Networking Products, and Global Services segments. The SAN Products segment offers infrastructure products and solutions, such as fiber channel SAN backbones, directors, fabrics, and embedded switches that assist customers in the development and delivery of storage and server consolidation, disaster recovery and data security, and compliance issues regarding data administration; and fabric extension, switching, and routing solutions.
xG Technology Inc (NASDAQ:XGTI)’s shares gained 13.79% to $0.297.
xG Technology Inc (XGTI) held its Annual Meeting of Stockholders at the Company’s offices at 7771 West Oakland Park Blvd., Suite 225, Sunrise, Florida, 33351. As described in the Company’s Proxy Statement on Plan 14A filed with the Securities and Exchange Commission on April 27, 2015, at the Annual Meeting the stockholders were asked to vote on five matters: (i) the election of directors, (ii) the ratification of the appointment of an independent accounting firm, (iii) a proposal to authorize the Board of Directors (“the Board”) to amend the Company’s Certificate of Incorporation to effect a reverse stock split of all of the outstanding shares of the Company’s common stock, par value $0.00001 per share, at a specific ratio within a range from one-for-four to one-for-fifteen, at any time before December 31, 2015, with such range and timing to be left to the complete discretion of the Board, (iv) a proposal to establish the Company’s 2015 Employee Stock Purchase Plan, and (v) a proposal to establish the Company’s 2015 Incentive Compensation Plan.
xG Technology, Inc. develops communications technologies for wireless networks worldwide. The company’s intellectual property is embedded in proprietary software algorithms designed to offer cognitive interference mitigation and spectrum access solutions to organizations in a various industries, counting national defense and rural broadband.
At the end of Tuesday’s trade, Prudential Financial Inc (NYSE:PRU)‘s shares surged 0.45% to $87.97.
Prudential Financial Inc (PRU) declared that its Board of Directors has authorized the repurchase of up to $1.0 billion of its outstanding Common Stock during the period from July 1, 2015 through June 30, 2016.
In June 2014, the Board authorized the repurchase of up to $1.0 billion of its outstanding Common Stock through June 30, 2015. The company has repurchased about $750 million of its Common Stock through March 31, 2015 under that authorization.
Prudential Financial, Inc. provides insurance, investment administration, and other financial products and services to individual and institutional customers in the United States and internationally. The company principally offers life insurance, annuities, retirement-related services, mutual funds, and investment administration products.
Baker Hughes Incorporated (NYSE:BHI), ended its Tuesday’s trading session with 0.03% gain, and closed at $64.03.
Baker Hughes Incorporated (BHI) declared that the international rig count for May 2015 was 1,158, down 44 from the 1,202 counted in April 2015, and down 192 from the 1,350 counted in May 2014. The international offshore rig count for May 2015 was 284, down 16 from the 300 counted in April 2015, and down 42 from the 326 counted in May 2014.
The average U.S. rig count for May 2015 was 889, down 87 from the 976 counted in April 2015, and down 970 from the 1,859 counted in May 2014. The average Canadian rig count for May 2015 was 80, down 10 from the 90 counted in April 2015, and down 82 from the 162 counted in May 2014.
Baker Hughes Incorporated supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide. The company offers drilling and evaluation products and services, which comprise drill bits for performance drilling, hole enlargement, and coring; conventional and rotary steerable systems used to drill wells; measurement-while-drilling and logging-while-drilling systems to perform reservoir navigation services; drilling optimization services; tools for coil tubing drilling and wellbore re-entry systems; coring drilling systems; surface logging; emulsion and water-based drilling fluids systems; reservoir drill-in fluids; and fluids environmental services.
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