Stocks Hitting 52-Week Highs (ADTN, IGTE, IGTE, ROVI)

ADTRAN Inc ADTN shares gained 7.31% to create a new 52-week high of $30.97. ADTN’s profits rose by 47% due to increased sales of its networking equipment. The company’s board of directors has also approved a Q2 cash dividend of $0.09 per share. Argon ST Inc STST shares reached $28.49 to create a new 52-week high, before falling to $28.39. Analysts at Canaccord Genuity initiated coverage of STST with a “buy” rating. iGATE Corporation IGTE shares reached $16.34 to create a new 52-week high, before slipping slightly to $16.11, representing a 13.69% gain. IGTE has reported a sharp rise in its Q2 earnings. Rovi Corporation ROVI shares moved up to $43.45 to create a new 52-week high, before slipping to $43.25. ROVI is all set to report its Q2 earnings on July 29. Read more from Benzinga's Company news.