Shares of Groupon Inc (NASDAQ:GRPN) ended Thursday session in green amid volatile trading. The shares closed up +0.06 points or 1.12% at $5.43 with 6.28 million shares getting traded. Post opening the session at $5.40, the shares hit an intraday low of $5.36 and an intraday high of $5.53 and the price vacillated in this range throughout the day. The company has a market cap of $3.23 billion and the numbers of outstanding shares have been calculated to be 572.78 million shares.
Groupon Inc (GRPN) operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America, Europe, the Middle East, Africa, and internationally. It also provides deals on products for which it acts as the merchant of record. The company offers deals in various categories, including food and drink, events and activities, beauty and spa, health and fitness, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.
Shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD) ended Thursday session in green amid volatile trading. The shares closed up +0.17 points or 1.90% at $9.11 with 6.24 million shares getting traded. Post opening the session at $9.16, the shares hit an intraday low of $9.04 and an intraday high of $9.16 and the price vacillated in this range throughout the day. The company has a market cap of $3.68 billion and the numbers of outstanding shares have been calculated to be 400.87 million shares.
Brocade Communications Systems, Inc. (BRCD) on Sept. 22, 2016 announced the company has achieved leader status in the IHS Markit Wireless LAN Infrastructure Vendor Scorecard – 2016 for Ruckus Wireless’ significant presence in the market and fast-paced momentum in wireless LAN growth. Brocade acquired Ruckus Wireless in May 2016, and Ruckus now operates as a business unit within Brocade. Prior to the acquisition, Ruckus was already the largest standalone vendor of WLAN products.
According to IHS, “Due to market consolidation, the WLAN vendor landscape has bifurcated into end-to-end networking providers that can address the whole range of enterprise networking requirements and specialists that focus on a particular niche or new ways of solving old problems. The leaders—Brocade, Cisco, and HPE Aruba—are end-to-end networking providers that compete broadly in all segments of the market, leveraging the completeness of their portfolio and their installed bases.”
“Brocade is honored to be recognized as a leader in the IHS Markit WLAN Scorecard,” said Dan Rabinovitsj, chief operating officer, Ruckus Wireless business unit at Brocade. “We continue to offer our customers high-performing wireless technology, and the recognition by IHS further validates the considerable steps we’ve taken this year in the enterprise WLAN infrastructure market—a market that many forecast will continue to experience growth due to the rise in Internet traffic and next-gen connected devices. We look forward to further supporting our customers’ WLAN needs.”