ASIA really sells, SIRI clear, CIEN stumbles

AsiaInfo-Linkage Inc.(Nasdaq: ASIA) shares climbed 14.8 percent to $21.83. Volume was 2.6 million shares, triple its daily average, after the Chinese supplier of software for telecommunications companies reported quarterly sales that beat estimates.

Sirius XM Radio Corp. (Nasdaq: SIRI) beamed out its message Monday, dealing in 62.7 million shares, nosing out its daily average of 52.3 million. Prices improved 1.2 percent to $1.63, after announcing comprehensive coverage of this weekend’s Super Bowl from Dallas.

Ciena Corp. (Nasdaq: CIEN) shares fell 5.9% to $22.12, on volume of 11.1 million shares, twice its daily average, after UBS cut its rating on the maker of network gear for telecommunications companies.

Tags: ASIA, china stocks, CIEN, communications, nasdaq, siri, Technology Stocks

This entry was posted on Monday, January 31st, 2011 at 3:28 pm by Glenn and is filed under Technology Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.