On Tuesday, Shares of Ciena Corporation (NYSE:CIEN), lost -0.34% to $23.16.
Ciena, introducing a new data center interconnect platform that allows cloud, Internet content providers and data center providers to quickly scale bandwidth and support high-speed data transfer, virtual machine migration and disaster recovery/backup between data centers. With an extremely compact design that assists reduce real estate costs, Ciena’s new Waveserver stackable interconnect platform also provides 60 percent more capacity per rack unit and nearly 20 terabits per fiber as compared to competing accessible platforms, to support surging bandwidth demands of web-scale data centers.
Leveraging Ciena’s experience with deployments for some of the world’s largest Internet content players and leading data center providers, such as Equinix, Continuum, Digital Realty and Forsythe Data Center, the new platform is powered by Ciena’s WaveLogic technology and built with open software principles to enable automation and simplify administration. Additionally, with Ciena’s new Emulation Cloud, an open, rapid prototyping environment, network providers, data center operators and developers can test and refine applications before they are added to the network.
Ciena Corporation provides equipment, software, and services that support the transport, switching, aggregation, service delivery, and administration of voice, video, and data traffic on communications networks worldwide.
Shares of Nordic American Tanker Ltd (NYSE:NAT), declined -3.23% to $ 12.58, during its last trading session.
Nordic American Tanker, declared that its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to 2.5 million of NAO`s outstanding common stock over the next two years. The authorization is effective right away. There are 23,431,370 NAO shares in issue.
“The authorization of this stock repurchase program is a tool to promote the interests of shareholders,” said Herbjorn Hansson, Executive Chairman.
NAO intends to repurchase shares from time to time for cash in open market transactions or in privately-negotiated transactions in accordance with applicable federal securities laws. The timing and the amount of any repurchases will be determined by the Company`s administration and Board based on its evaluation of market conditions, capital allocation alternatives, and other factors. The share repurchase program does not require the Company to acquire any specific number of shares and may be modified, suspended, extended or terminated by the Company at any time without preceding notice. NAO will execute purchases only during periods when the executive team and the Board of Directors are not aware of material nonpublic information that would likely affect a seller`s decision to sell.
Nordic American Tankers Limited, a tanker company, engages in acquiring and chartering double-hull tankers. As of December 31, 2014, it owned 24 Suezmax crude oil tankers, counting two new buildings under construction. The company was founded in 1995 and is based in Hamilton, Bermuda.
At the end of Tuesday’s trade, Shares of Integrated Device Technology Inc (NASDAQ:IDTI), lost -1.24% to $ 22.34.
Integrated Device Technology, declared that smartphone maker LG integrated an IDT wireless power receiver into its flagship G4 model. LG’s new G4 has IDT’s P9025A chip built into the motherboard, delivering compact size and a simplified application circuit. LG chose IDT as the sole-source vendor for the wireless charging capabilities in its latest state-of-the-art portable device. LG formerly chose an IDT chip to deliver wireless charging in the preceding generation G3 smartphone.
Integrated Device Technology, Inc. designs, develops, manufactures, and markets a range of mixed signal semiconductor solutions for the communications, computing, and consumer industries worldwide.
Finally, Cobalt International Energy, Inc. (NYSE:CIE), ended its last trade with -3.51% loss, and closed at $ 9.90.
Cobalt International Energy, declared that Joseph H. Bryant, Cobalt’s Chairman and Chief Executive Officer, will present at Bernstein’s 31st Annual Planned Decisions Conference in New York, New York on Wednesday, May 27, 2015 at 4:00 p.m. Eastern Time.
Cobalt International Energy, Inc., through its auxiliaries, engages in the exploration and production of oil-focused, below-salt exploration prospects. Its project portfolio comprises North Platte, Heidelberg, Shenandoah, and Anchor discovery in the U.S. Gulf of Mexico; Cameia, Lontra, Mavinga, Bicuar, and Orca in the offshore Angola; and Diaman in the offshore Gabon.
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