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TMCNet:  Initiating Research Reports on Application Software Equities -- Sphere 3D, Cadence Design Systems, Innoviva, and Shopify

[July 17, 2017]

Initiating Research Reports on Application Software Equities -- Sphere 3D, Cadence Design Systems, Innoviva, and Shopify

NEW YORK, July 17, 2017 /PRNewswire/ --

If you want a Stock Review on ANY, CDNS, INVA or SHOP then come over to and sign up for your free customized report today. has initiated coverage on the following Application Software equities: Sphere 3D Corp. (NASDAQ: ANY), Cadence Design Systems Inc. (NASDAQ: CDNS), Innoviva Inc. (NASDAQ: INVA), and Shopify Inc. (NYSE: SHOP). These four stocks belong to the Technology sector, which has received an "Outperform" rating from Charles Schwab on July 06th, 2017 due to positive factors such as increased technology spending and wage increases. This morning's free research reports on the aforesaid equities are available upon registration on at:

Sphere 3D 

Last Friday, shares in Mississauga, Canada headquartered Sphere 3D Corp. ended the session 7.13% lower at $4.56. The stock recorded a trading volume of 5.00 million shares, which was above its three months average volume of 221,410 shares. The Company's shares have surged 40.85% in the last month. The stock is trading 11.46% above its 50-day moving average. Moreover, shares of Sphere 3D, which provides virtualization technologies and data management solutions in the Americas, Europe, Middle-East, Africa, and Asia/Pacific, have a Relative Strength Index (RSI) of 52.77.  

On July 13th, 2017, Sphere 3D announced that its HVE ConneXions has been awarded a contract with the University of North Alabama (UNA) to deploy next-generation desktop virtualization solutions. UNA's technology staff went through an eight-month process to evaluate multiple vendors, and ultimately chose the Company, as it provides the most robust, cost-effective, and proven solution to meet their requirements. Visit us today and access our complete research report on ANY at:

Cadence Design Systems 

San Jose, California headquartered Cadence Design Systems Inc.'s stock gained 0.81%, to close the day at $34.73 with a total trading volume of 958,922 shares. The Company's shares have advanced 1.14% in the past month, 11.64% over the previous three months, and 37.71% since the start of this year. The stock is trading 2.31% and 17.77% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Cadence Design Systems, which provides electronic design automation software, emulation and prototyping hardware, system interconnect, and analysis worldwide, have an RSI of 60.37.  

On July 10th, 2017, Cadence Design Systems announced that it will hold its Q2 2017 financial results webcast on July 24th, 2017, at 2:00 p.m. PT. Participating in the webcast will be Lip-Bu Tan, President and CEO; Geoff Ribar, Senior Vice President and CFO; and John Wall, Corporate Vice President Finance and Controller. The complimentary report on CDNS can be downloaded at:


Shares in Brisbane, California headquartered Innoviva Inc. recorded a trading volume of 481,721 shares at the close of the last trading session. The stock ended the day 0.39% lower at $12.92. The Company's shares have advanced 5.56% in the last one month and 20.75% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.22% and 10.98%, respectively. Furthermore, shares of Innoviva, which engages in the development and commercialization of bio-pharmaceuticals, have an RSI of 58.04. Register for free on and access the latest research report on INVA at:


Ottawa, Canada headquartered Shopify Inc.'s shares finished Friday's session 0.66% lower at $92.41. A total volume of 1.02 million shares was traded. The stock has advanced 8.26% in the last one month, 30.84% in the previous three months, and 115.56% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 2.16% and 48.61%, respectively. Furthermore, shares of Shopify, which provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the US, the UK, Australia, and internationally, have an RSI of 53.12.  

On July 12th, 2017, research firm The Benchmark Company initiated a 'Hold' rating on the Company's stock.

On July 12th, 2017, Shopify announced that it will be the exclusive commerce partner of Agenda Festival. All onsite brands and vendors will be able to take advantage of the Company's powerful point-of-sale technology and new Chip & Swipe reader to accept credit cards, including Visa, Mastercard, American Express and Discover, anywhere at any time. The iOS and Android supported reader is completely wireless, Bluetooth-enabled, has a one-week battery life on a single charge, and integrated with the latest EMV chip technology and industry-leading encryption. Get free access to your research report on SHOP at:


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