Tech Stock Hits 52-week High (CSCO, VIT, XRTX, LSCC, AKAM)


(EMAILWIRE.COM, March 08, 2010 ) Dallas, Tx - Cisco Systems, Inc. (NASDAQ:CSCO) made a new 52-week high at $25.73 earlier in the session. The stock is up 1.80% to $25.66. Cisco is resumed with an Overweight from Neutral at JP Morgan after a change in analysts. The year-end price objective is $28.

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VanceInfo Technologies Inc. (NYSE:VIT) jumped 4.50% to $22.98 on an unusual volume and made a new 52-week high of $23.15. So far this year, the stock has jumped over 14.50% and has recovered 433% from its 52-week low of $4.31.

Xyratex Ltd. (NASDAQ:XRTX) has created a new 52-week high of $18.47 and now up 18% to $18.09. So far this year, the stock has jumped over 15% and has recovered over 1013% from its 52-week low of $1.61. Xyratex Group Limited raised its first quarter of 2010 guidance and expects revenue to be in the range of $313 to $318 million, as compared to previous range between $245 and $285 million and GAAP earnings per diluted share to be in the range of $0.77 to $0.87, as compared to previous range between $0.24 and $0.52.

Lattice Semiconductor (NASDAQ:LSCC) jumped 3% to $3.60 and created a new 52-week high of $3.68. So far this year, the stock has jumped over 29% and has recovered over 235% from its 52-week low of $1.06.

Akamai Technologies, Inc. (NASDAQ:AKAM) rose over 1% to $29.52 and made a new 52-week high of $29.65. So far this year, the stock has jumped over 15% and has recovered over 86% from its 52-week low of $ 15.84.

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