How are the technology leaders faring? – BAK Battery Inc. (NASDAQ:CBAK), Smith Micro Software, Inc. (NASDAQ: SMSI), Alliance Fiber Optic Products, Inc. (NASDAQ:AFOP), Cree, Inc. (NASDAQ:CREE) and DragonWave, Inc. (USA) (NASDAQ:DRWI)

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By Ross Schwartz on July 7, 2014 Technology & Software

After a report that claimed that LG Chem is planning to build a factory plant for manufacturing batteries in China, BAK Battery Inc. (NASDAQ:CBAK) met with a sudden rise. In its last trading session, BAK Battery Inc. (NASDAQ:CBAK) achieved a range around $3.56 – $4.75. The company closed at $4.05. The monthly performance of the company is marked 83.26%. Its distance from SMA20 is 74.08%. China BAK Battery Inc. (NASDAQ:CBAK) is just -19.00% short of its highest value over 52 weeks.

Andrew Uerkwitz of Oppenheimer upgraded the stocks of Cree, Inc. (NASDAQ:CREE) from “outperform” to perform. Mr. Uerkwitz quoted that the company’s business model was vertically integrated, the company used and produced the best technology available and the company had fairly large revenue. Based on these observations, he upgraded the company’s stock, thanks to which, Cree, Inc. (NASDAQ:CREE) extended its stocks in its day-trade on Thursday. Analysts had approximated an average target for the company at $59.63. But the company began Thursday with $52.16 and ended with $52.83. The company maintained it revenue growth at 16.20% over the quarter, and earnings growth at 21.10%.

On 1^st July, Smith Micro Software, Inc. (NASDAQ: SMSI) reportedly introduced its new voice messaging application for mobile devices. The application was constructed using the AniMates software, the company’s trademark product. The application allows users to send customized voice messages with voice effects, characters and scenes. The last trading session came with an increase of 26.21% for Smith Micro Software, Inc. (NASDAQ: SMSI). The company commenced its trade at $1.05 and concluded it at $1.30. The market capitalization for the company is 50.14 million. Of its shares, the company has an insider ownership of 8.70%.

DragonWave, Inc. (USA) (NASDAQ:DRWI) is the leading supplier of microwave solutions which drive the IP networks of next generation. The company was granted an upgrade by HC Wainwright, as reported by TheFlyOnTheWall.com. According to the report, HC Wainwright sent details to the company’s investors on Wednesday, in which they upgraded DragonWave, Inc. (USA) (NASDAQ:DRWI)’s shares to “buy” from “neutral”. The company’s range was $2.12 – $2.26 throughout the day. The day ended at $2.26, increasing 5.61%. The company’s ROI is -70.60% and ROE is -101.90%. The Relative Strength Index for the company is at 75.66.

Alliance Fiber Optic Products, Inc. (NASDAQ:AFOP) supplies fiber-optic components to the market for equipment of optical networks. The company also supplies integrated modules as well as subsystems for the market. Alliance Fiber Optic Products, Inc. (NASDAQ:AFOP) announced on June 13^th, that Huawei Technology Co., Ltd awarded Alliance Fiber Optic Products, Inc. (NASDAQ:AFOP) with “2013 Huawei Supplier Cooperation & Support Award.” The award was delivered to the company at the office of Huawei Shenzhen. Huawei Technology Co., Ltd is a leading supplier of network solutions in telecommunications. In its last trading day Alliance Fiber Optic Products Inc. (NASDAQ:AFOP) covered a range of $19.05 – $20.44, closing at $19.96. The company is 2.02% away from its SMA20. The monthly performance of the company is -6.77%. The company is -15.77% short of its maximum value over 52 weeks.