Tech Unusal Volume: Fortinet Inc (NASDAQ:FTNT), Axcelis Technologies (NASDAQ:ACLS), China Information Technology, Ordinary Shares (NASDAQ:CNIT), Silicon Motion (NASDAQ:SIMO), Tower Semiconductor (NASDAQ:TSEM)

On 4 JULY Fortinet Inc (NASDAQ:FTNT) reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $168.90 million for the quarter, compared to the consensus estimate of $157.96 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. Analysts expect that Fortinet will post $0.50 EPS for the current fiscal year. Fortinet Inc (NASDAQ:FTNT) net profit margin is 6.20% and weekly performance is -5.25%. On last trading day company shares ended up $23.81. Analysts mean target price for the company is $26.39. Fortinet Inc (NASDAQ:FTNT) distance from 50-day simple moving average (SMA50) is 4.67%.

On 11 JUNE Axcelis Technologies Inc (NASDAQ:ACLS) announced that Mary Puma, chairman and chief executive officer, Kevin Brewer, executive vice president and CFO, and Doug Lawson, executive vice president of corporate marketing and strategy, will participate in the Sixth Annual CEO Investor Summit 2014 on Wednesday, July 9, 2014 in San Francisco, California. Axcelis Technologies Inc (NASDAQ:ACLS) shares fell -10.71% in last trading session and ended the day on $1.75. ACLS Gross Margin is 35.60% and its return on assets is -3.50%. Axcelis Technologies Inc (NASDAQ:ACLS) quarterly performance is -13.37%.

China Information Technology, Inc. – Ordinary Shares (NASDAQ:CNIT) shares moved up 5.43% in last trading session and was closed at $5.44, while trading in range of $5.25 – $6.70. China Information Technology, Inc. – Ordinary Shares (NASDAQ:CNIT) year to date (YTD) performance is -24.76%.

On 7 JULY Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) announced that based upon its preliminary financial results, sequential revenue growth for the second quarter is expected to be in the 30 to 32% range, significantly above its original guidance range of 10 to 15% that the company issued on April 29, 2014. Gross margin (non-GAAP) is expected to be in the 51 to 52% range, above the company’s original guidance range of 48 to 50%. Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) ended the last trading day at $21.80. Company weekly volatility is calculated as 5.81% and price to cash ratio as 4.64. Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) showed a positive weekly performance of 6.71%.

Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) net profit margin is -8.70% and weekly performance is 5.51%. On last trading day company shares ended up $9.58. Analysts mean target price for the company is $14.00. Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) distance from 50-day simple moving average (SMA50) is 7.14%.