Shares of Mentor Graphics Corporation (NASDAQ:MENT) [Trend Analysis] runs in leading trade, it moving down -0.11% to traded at $36.55. The firm has price volatility of 0.49% for a week and 1.81% for a month. Its beta stands at 0.80 times. Mentor Graphics Corporation (MENT) released that TOYOTA MOTOR CORPORATION has agreed its Volcano VSTAR AUTOSAR basic software stack for use in all Toyota vehicles. With this authorization , global Tier 1 automotive suppliers can now leverage Mentor’s fast, resource-efficient AUTOSAR stack for the design and development of advanced Electronic Control Units (ECUs) in next-generation Toyota models.
Supported by Volcano VSx design tools across the development cycle, Mentor’s Volcano VSTAR software stack offers scalable AUTOSAR 4 middleware which abstracts the application from the hardware-dependent layer for the rapid development of highly differentiated end-products. Narrow down four to firm performance, its weekly performance was 0.05% and monthly performance was 26.47%. The stock price of MENT is moving up from its 20 days moving average with 9.58% and isolated positively from 50 days moving average with 24.08%.
Several matter pinch shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) [Trend Analysis], as shares plunging -0.61% to $34.50 with a share volume of 13.52 Million. Zayo Group Holdings, Inc. (ZAYO) reported it has entered into an contract to takeover Electric Lightwave for $1.42 billion. Electric Lightwave, formerly known as Integra Telecom, offers infrastructure and telecom services primarily in the Western United States.
The firm has 8,100 route miles of long haul fiber and 4,000 miles of dense metro fiber in Portland, Seattle, Sacramento, San Francisco, San Jose, Salt Lake City, Spokane and Boise, with on-net connectivity to over 3,100 enterprise buildings and 100 data centers.
Zayo stated it anticipates over $40 million in yearly cost synergies to be realized all through the integration process and will benefit from over $400 million in net operating loss carryforwards takeoverd in the transaction. Zayo expects to close the accord in the first calendar year quarter of 2017. The stock is going forward its 52-week low with 76.11% and moving down from its 52-week high price with -2.35%. To have technical analysis views, liquidity ratio of a firm was calculated 0.80 as evaluated with its debt to equity ratio of 3.30. The float short ratio was 6.59%, as compared to sentiment indicator; Short Ratio was 3.72.