Tech Stocks

Seagate Technology PLC STX Stock News

Seagate Technology PLC (NASDAQ: STX) is having an overwhelmingly strong start to the trading session this morning, and for good reason. The company’s investments in cryptocurrency are coming to light and causing excitement among investors. Today, we’ll talk about the investment, what we’re seeing from the stock, and what we’ll be watching for with regard to STX ahead.





STX Gains On Cryptocurrency News

As mentioned above, Seagate Technology is having an overwhelmingly strong day in the market today as news surrounding its activities in the world of cryptocurrency hits the wire. While STX hasn’t released any news, various reports surrounding the company’s cryptocurrency activities are starting to break.

Ultimately, STX has a desire to become an active participant in the world of blockchain technology. As a result, the company has invested in Ripple Labs according to David Morton, the company’s Senior Vice President. In a recent interview with CoinDesk, a company thought to be a leader in the cryptocurrency space, Morton explained that there is quite a bit of risk in the desktop PC, laptop, server, and datacenter market. This is likely the reason the company wants to become an active player in the world of cryptocurrency. Here’s what he had to offer:

“Our supply chain is very broad. There’s over 286 components that go into each of our drives, we pull over 51 elements out of Mother Earth and obviously we manufacture in a lot of foreign locations where there’s a lot of exchange risk.




We have 3 million components a day in flight, so you can just imagine the power that this can possibly have down the road from a supply chain perspective, whether that be cash flow or economics.

We process over hundreds of thousands of invoices a quarter, you get into the process of how this improves the supply chain, it’s pretty remarkable.

When it comes to the blockchain, Morton had the following to offer:

“Obviously we would like to be a key user. We’ll work with the proper authorities and companies and our own providers, our banks…”

What We’re Seeing From The Stock

Recently, we’ve seen a ton of movement in tech stocks that are getting involved in the world of blockchain. That movement has not excluded STX. In fact, Seagate Technology is having an overwhelmingly strong day in the market as the story breaks. Currently (10:30), STX is trading at $46.58 per share after a gain of $3.64 per share (8.48%) thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on STX. In particular, we’re interested in following the story surrounding the company’s movements in the world of cryptocurrency, and we’ll also be following Ripple, the cryptocurrency it is involved in, very closely. Nonetheless, we’ll continue to follow the story closely and bring it to you as it breaks!

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My Size Inc MYSZ Stock News

My Size, Inc. (NASDAQ: MYSZ) is having yet another overwhelmingly strong start to the trading session this morning. Recent gains surrounding the stock have to do with a press release that was issued last week informing investors that the company will be unveiling new technology at CES, a conference that starts tomorrow. Today, we’ll talk about the coming unveiling, what we’re seeing from the stock, and what we’ll be watching for with regard to MYSZ ahead.





MYSZ To Unveil Technology At CES

As mentioned above, My Size is having yet another incredibly strong day in the market today, following up on the strong gains that we’ve seen on the stock as of late. Ultimately, the gains are happening in anticipation of a technology unveiling that will be taking place at this year’s CES in Las Vegas. The conference will take place from tomorrow, January 9th, through January 12th.




MYSZ is a company that’s focused on body measurement technology. Their technology, known as MySizeID, allows consumers to measure their body using their smartphone. From there, these measurements can be used to make online clothing purchases with confidence, knowing that the clothing purchased will fit correctly. In a statement, Ronen Luzon, CEO at MYSZ, had the following to offer:

“We are very excited to introduce what we believe is a leading-edge solution that we developed which will enable consumers to get the right fit when purchasing clothing online. We believe this is the first time anyone has managed to link body measurements taken with the smartphone with clothing sizes. This level of accuracy and the related convenience is unique to us, and we believe no competing solution provides a solution like ours… The online clothing market in the U.S. alone is valued at over $72 billion of an overall value of approximately $395 billion e-commerce sales market.

This is our second time presenting our technologies at CES. Over the last year since the last trade show, we have significantly improved and enhanced our technology, launching additional products using our measurement algorithm and increased the number of devices that can support our applications. I am glad to say that we will be presenting new developments this year too. We are pleased to lead the way in measurement technology and are proud to play an integral role in the global transformation caused by the e-commerce revolution.”

What We’re Seeing From The Stock

As investors, we know that the news moves the market. With a coming unveiling that will be taking place tomorrow, it only makes sense that we’re seeing strong gains in the value of the stock today. At the moment (10:08), MYSZ is trading at $2.93 per share after a gain of $1.27 per share (76.55%) thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on MYSZ. In particular, we’re interested in following the story surrounding the unveiling that will be taking place tomorrow and excited to see the new developments. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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GoPro Inc GPRO Stock News

GoPro Inc (NASDAQ: GPRO) is having a bit of a rough start to the trading session this morning, and for good reason. The company was halted in the premarket, trading on declines after released its earnings, announcing that it is expecting to see declines in revenue and is slashing more than 250 jobs. Today, we’ll talk about the news, what we’re seeing from the stock, and what we’ll be watching for ahead.





GPRO Lays Off Workers And Lowers Guidance

As mentioned above, GoPro is having a bit of a rough start to the trading session this morning. At the moment, the stock is halted after steep declines as the result of a press release issued early on. In the press release, the company announced that fourth quarter revenue is expected to fall below earlier forecasts, it is slashing the price of the Hero6 camera due to weak demand, and it will cut more than 250 jobs.

In the press release, GPRO said that it would be cutting the price of the Hero6 camera from $499 to $399 per unit. As a result, it is expecting revenue to feel pain by around $80 million in the current quarter. Ultimately, the price cut is the result of lackluster demand for the extreme-action camera.

For the fourth quarter, the company is now expecting that revenue will come in at $340 million. Previously, the company projected revenue to come in around $470 million, plus or minus $10 million. In a statement, Nicholas Woodman, CEO at GPRO, had the following to offer:




“Dispite significant marketing support, we found consumers were reluctant to purchase HERO5 Black at the same price it launched at one year earlier…”

As far as the job cuts go, GPRO is going to be cutting more than 250 jobs. The company said that the job cuts are the result of the company’s plans to exit the drone business. Unfortunately, the company sees the regulatory environment surrounding the drone business to be a harsh one, and due to the regulatory issues, will be exiting the business entirely.

What We’re Seeing From The Stock

As investors, one of the first things that we learn is that the news moves the market. Unfortunately, the news released by GoPro was overwhelmingly negative. As a result, we’re seeing a negative reaction in the market that seems to be just the beginning. At 8:55, GPRO was halted at $7.20 per share after a decline of $0.32 per share (4.26%) thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on GPRO. In particular, we’re interested in seeing if the lower price of the Hero6 will lead to strong sales. We’re also watching to see what the company will do following its exit from the drone business. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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DPW Holdings DPW Stock News

DPW Holdings Inc (NYSEAMERICAN: DPW) is having a rough start to the trading session in the pre-market hours this morning after news broke that the company has made a large investment in a diagnostics and life sciences company. Today, we’ll talk about the investment, what we’re seeing from DPW as a result, and what we’ll be watching for ahead.





DPW Falls On Investment In Sandstone Diagnostic

As mentioned above, DPW holdings is having a rough start to the trading session in the pre-market hours this morning after announcing that it has invested in a company known as Sandstone Diagnostic. In the press release, DPW announced that it has made a preferred investment with certain privileges and rights in the amount of $1 million. The investment represents a 4.05% stake in Sandstone Diagnostic.




Sandstone Diagnostic is an innovative developer of point-of-care medical testing equipment and systems. In fact, the company is the creator of Trak – the leading male fertility tracker cleared by the FDA for distribution. In a statement, Milton Ault, III, Chairman and CEO at DPW, had the following to offer:

“We are very excited about our investment in Sandstone Diagnostics and look forward to supporting the work of the team led by their CEO, Karen Drexler. Ms. Drexler is a proven driver of change in Life Sciences and is an experienced and accomplished businesswoman and mentor of investment. Karen has both the entrepreneurial spirit and hardened corporate experience to surpass the success we envision for Sandstone… Sandstone’s Trak provides couples an easy and proven solution to improve man’s health and their ability to have children. Sandstone represents another facet of our aggressive investment and growth strategies that we’ll continue to execute throughout 2018 as outlined during our webinar on December 20, 2017. We are moving methodically forward to expand our collaborative opportunities and maximize our existing revenue streams while creating new ones. DPW is focused on increasing profitability and leveraging scale, all contributing to our goal of providing shareholders long-term added-value and growth.”

What We’re Seeing From The Stock

As investors, one of the first things that we learn is that the news moves the market. In this particular case, while the investment was in a company with a proven product, investors seem to be concerned about the cost of the investment to DPW Holdings. As a result, we’re seeing declines in the value of the stock. At the moment (8:06), DPW is trading at $2.69 per share after a loss of $0.16 per share (7.17%) thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on DPW. In particular, we’re interested in following the company’s continued growth in the cryptocurrency, defense, commercial, and life sciences spaces. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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RadiSys Corporation RSYS Stock News

RadiSys Corporation (NASDAQ: RSYS) is having an overwhelmingly strong start to the trading session this morning after investors seem to be sinking their teeth into financing news announced by the company yesterday. Today, we’ll talk about the news, what we’re seeing from the stock, and what we’ll be watching for with regard to RSYS ahead.





RSYS Announces $17 Million Financing

As mentioned above, RadiSys Corporation is having a strong day in the market today after announcing financing news. In a press release that was issued yesterday, the company announced that it has closed a $17 million financing deal with Hale Capital Partners. The company has also entered into a newly established $20 million asset-backed line of credit agreement with Marquette Business Credit.

In the release, RSYS said that with the new financing, the company has settled all outstanding balances and terminated its previous line of credit with Silicon Valley Bank. The senior notes associated with the $17 million financing come with an interest rate of Prime plus 5.75%. Amortization on these senior notes is not scheduled to begin until August of 2018. In a statement, Brian Bronson, President and CEO at RSYS, had the following to offer:




“Securing this additional capital provides us with increased flexibility, enabling us to more meaningfully focus on our Software and Services business… Importantly, execution on our re-focused business strategy will position Radisys to deliver non-GAAP gross margins of over 40% and drive non-GAAP operating expenses below $40 million in 2018. Taken together, we expect these measures to result in more consistent profitability and positive cash flow, while also maintaining the capability to execute on growth opportunities across the business.”

The above statement was followed up by Martin Hale, Jr., CEO of HCP. Here’s what he had to offer:

“We are excited to become a strategic partner to Radisys. The Company is in a favorable position to capitalize on the fundamental changes underway in terms of how telecommunication networks are built. Additionally, Radisys’ unique portfolio of telecom software and services expertise can be a key enabler for communication service providers implementing 5G and next-generation open source solutions at the edge of the network. We look forward to working closely with the Board and management team to create significant value for all Radisys stakeholders.”

What We’re Seeing From The Stock

As investors, one of the first things that we learn is that the news moves the market. With news regarding the financing and benefits to the company and its shareholders that these funds will create, it only makes sense that we’re seeing strong gains in the value of the stock today. At the moment (10:36), RSYS is trading at $1.20 per share after a gain of $0.09 per share or 8.47% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on RSYS. In particular, we’re interested in following the story surrounding what the company does in the field of 5G networking and how it improves its Software and Services business as a result of this funding. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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My Size Inc MYSZ Stock News

My Size, Inc. (NASDAQ: MYSZ) is having an overwhelmingly strong start to the trading session this morning, and for good reason. The company is planning on unveiling it’s latest technology at CES this year, and that’s just days away. Of course, excitement is ramping up among investors, leading to strong gains. Today, we’ll talk about the news, what we’re seeing from the stock, and what we’ll be watching for ahead.





MYSZ Gains Ahead Of CES

As mentioned above, My Size is having an incredibly strong day in the market today, following up on the gains that we’ve seen from the stock as of late. The gains are ultimately the result of a press release that was issued just days ago, informing investors that the company plans on unveiling new body measurement technology at CES in Las Vegas. The CES conference is just days away, starting on January 9th and ending on January 12th.




MYSZ is a company built around body measurement technology, known as MySizeID, which enables consumers to measure their body using smartphones. Ultimately, the application determines the correct size for clothing purchased online based on these body measurements. Nonetheless, with new technology being unveiled soon, the service is likely to get even better. In a statement, Ronen Luzon, CEO at MYSZ, had the following to offer:

“We are very excited to introduce what we believe is a leading-edge solution that we developed which will enable consumers to get the right fit when purchasing clothing online. We believe this is the first time anyone has managed to link body measurements taken with the smartphone with clothing sizes. This level of accuracy and the related convenience is unique to us, and we believe no competing solution provides a solution like ours. The online clothing market in the U.S. alone is valued at over $72 billion of an overall value of approximately $395 billion e-commerce sales market.

This is our second time presenting our technologies at CES. Over the last year since the last trade show, we have significantly improved and enhanced our technology, launched additional products using our measurement algorithm and increased the number of devices that can support our applications… I am glad to say that we will be presenting new developments this year too. We are pleased to lead the way in measurement technology and are proud to play an integral role in the global transformation caused by the e-commerce revolution.”

What We’re Seeing From The Stock

With the CES trade show just days away, and the knowledge that My Size will be unveiling new technology at the show, investors are frenzying around the stock. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:18), MYSZ is trading at $1.20 per share after a gain of $0.21 per share or 21.56% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on MYSZ. In particular, we’re interested in following the story surrounding the company’s unveiling at CES and excited to learn more about the state of the art technology to be unveiled. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Chinanet Online Holdings Inc CNET Stock News

Chinanet Online Holdings Inc (NASDAQ: CNET) had an incredibly strong day in the market yesterday, gaining in multiples. However, you wouldn’t know it by looking at the stock today. Unfortunately, the stock is taking a bit of a dive. Below, we’ll talk about why we saw such strong gains yesterday, what we’re seeing from the stock today and why, and what we’ll be watching for with regard to CNET ahead.





Why CNET Gained In Multiples Yesterday

As mentioned above, Chinanet Online Holdings had an incredibly strong day in the market yesterday, and for good reason. The company announced a partnership with Wuxi Jingtum Network Technology, a company that is a trusted provider within the blockchain industry.




In the announcement, CNET said that both entities involved in the agreement will use their advantages and exchange each other’s work to jointly develop blockchain applications. The partnership between the two is focused on blockchain technology with a goal of building a credible, fair and transparent platform for business opportunities and transactions. In a statement, Mr. Handong Cheng, CEO at CNET, had the following to offer:

“With the introduction of blockchain technology, the platform-centric services in the past will gradually shift towards decentralization, solving trust issues in business cooperation and services and enhancing user vitality and stickiness… Chinanet Online will also gradually shift from information services to transaction services for business opportunities to create a multi-industry cross-chain value-based internet sharing entity. This partnership will help Chinanet to further integrate blockchain technology into our CloudX artificial intelligence and simultaneously create the public chain of marketing and advertising for small and medium enterprises, eventually branching out from these areas to gradually cover other applications such as business transactions payments, education and training to create a healthy and sustainable business ecosystem and entrepreneurial environment.”

What We’re Seeing From The Stock Today

While CNET made a run for the top yesterday on this news, gaining in multiples, you wouldn’t expect it from the movement that we’re seeing in the stock today. Unfortunately, the stock is taking a bit of a dive early on this morning. Of course, our partners at Trade Ideas were the first to alert us to the declines. At the moment (9:29), CNET is trading at $7.91 per share after a decline of $1.43 per share or 15.31% thus far today.

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Why The Stock Is Falling

In the market, movement tends to happen through a series of overreactions. Considering this, it’s no surprise to see that Chinanet Online Holdings is falling today. After all, after climbing from under $3 per share to more than $9 per share in a single trading session, a correction is due. Nonetheless, rest assured that the declines are not the result of bad news issued this morning. Instead, what we’re seeing is nothing more than normal market movement.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on CNET. In particular, we’re interested in following the story surrounding the company’s shift to blockchain technology and excited to see the results of this shift down the road. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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China Information Technology, Inc. CNIT Stock News

China Information Technology, Inc. (NASDAQ: CNIT) is having an overwhelmingly strong start to the trading session in the pre-market hours this morning, following up on the massive gains that we saw in the stock yesterday. The reason for the gains is relatively simple. A couple of days ago, the company announced that a large order had been placed. Since then, the stock has been running for the moon. Today, we’ll talk about the order, what we’re seeing from the stock, and what we’ll be watching for with regard to CNIT ahead.





CNIT Announces Large Order

As mentioned above, China Information Technology is having a strong start to the trading session in the pre-market hours this morning after announcing a large order a couple of days ago. In a press release, issued on January 4th, the company announced that it has entered into a contract for the sale of 5,000 cloud-based ad terminals. These terminals will be installed in office buildings, residential communities, shopping malls and various outdoor locations.




The contract was signed with Beijing Taoping IoT Technology Limited and is expected to generate sales and service revenue for CNIT in the amount of $1.5 million. In the PR, the company said that the news was the 18th big sale in a series of sales since May of 2017, with each contract having a value of between $0.5 million and $3 million. In a statement, Mr. Jianghuai Lin, CEO at CNIT, had the following to offer:

“Hebei province lies in the vital part of North China, it has served as a strategic part in Beijing-Tianjin-Hebei integrations. Liaoning province is an important hub for the international trade in Northeast China… The contract in Hebei and Liaoning is another success following CNIT’s $1 million contract in Qingdao this December. This contract will cast more market influences in North China.”

What We’re Seeing From The Stock As A Result

As investors, one of the first things that we learn is that the news moves the market. Any time news is released with regard to a publicly traded company, we can expect for the market to react. So, it’s no surprise that with such strong news out of China Information Technology, we’re seeing strong gains in the value of the stock today. Currently (8:18), CNIT is trading at $3.36 per share after a gain of $1.34 per share or 66.34%, following up on yesterday’s gain of $0.45 per share or 28.66%.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on CNIT. In particular, we’re interested in following the company as advertising and sales deals continue to ramp up. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Future Fintech Group Inc FTFT Stock News

Future Fintech Group Inc (NASDAQ: FTFT) is having an incredible day in the market today, and for good reason. The company issued a press release early this morning informing investors that it has received a gift of 5% equity interest in a blockchain company. Of course, this led to excitement among investors, sending the stock toward the top. Today, we’ll talk about the new stake in the realm of blockchain, what we’re seeing from the stock as a result, and what we’ll be watching for ahead.





FTFT Announces 5% Stake In Blockchain Company

As mentioned above, Future Fintech Group is having a strong day in the market today, and its all the result of blockchain news. In a press release issued early this morning, the company announced to investors that Mr. Yongke Xue, Director of FTFT, gifted the company a 5% equity interest in the blockchain company Nova Realm Limited.

Nova Realm is a company that’s focused on blockchain technology research and development and is registered in the United Kingdom. The company created Nova Realm City, a technology that is believed to be the first ever blockchain technology value community registered with real name users that delivers asset-based digital services to global blockchain projects. In the release, FTFT said that Mr. Yongke Xue personally acquired a 60% interest in the company, of which, he has gifted 5% to Future Fintech. In a statement, Mr. Hongke Xue, CEO at FTFT, had the following to offer:




“We are very grateful for the gift from Mr. Yongke Xue and are excited about this new opportunity to further explore our financial technology business which is a core element of our new strategic plan. We view the equity interest as an opportunity to engage the blockchain sector and to grow by leveraging this evolving technology. Our goal is to accelerate the application of blockchain technology and to bring practical blockchain technologies to the lives of real people.”

The above statement was followed up by Yongke Xue, Director of FTFT. Here’s what he had to offer:

“With my gift of the equity stake, I believe that the Company will be able to access Nova Realm City’s technical expertise and knowhow in blockchain cryptography, with the ability to select promising projects for the application of blockchain technology. I believe that Future Fintech will be able to utilize Nova Realm City’s technical capabilities with its advantages as a public company to develop blockchain applications which will create a competitive advantage for the Company in the fintech sector.”

What We’re Seeing From the Stock

With such positive news surrounding Future Fintech, it only makes sense that we’re seeing strong gains in the value of the stock today. Of course, our partners at Trade Ideas were the first to alert us to the gains. Currently (11:16), FTFT is trading at $5.76 per share after a gain of $0.76 per share (15.15%) thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on FTFT. In particular, we’re interested in following the company’s entrance into blockchain technology with their newly acquired interest in Nova Realm. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Chinanet Online Holdings Inc CNET Stock News

Chinanet Online Holdings Inc (NASDAQ: CNET) is having an overwhelmingly strong start to the trading session this morning, and for good reason. The company announced blockchain news, and like we’ve seen from DPW, LFIN, OTIV, COGT, and others, this type of news leads to big movement. Today, we’ll talk about the news, what we’re seeing from the stock, and what we’ll be watching for with regard to CNET ahead.





CNET Announces Blockchain News

As mentioned above, Chinanet Online Holdings is having an incredibly strong start to the trading session this morning after announcing blockchain news. In a press release issued early this morning, the company announced that it has entered into a strategic partnership with Wuxi Jingtum Network Technology. The goal of the strategic partnership is an expansion of the blockchain industry and its related technology. In the press release, CNET said that both entities will work together to jointly develop blockchain applications.




With the contribution of technology in the blockchain, the companies will work to develop a new generation of value-based internet technologies in China. CNET and Jingtum will work within Jingtum’s decentralized system to address data trust issues through cryptography and distributed coherency mechanisms while maintaining rich transactional and contractual features. The blockchain technologies the company’s will be working toward creating will be aimed at business customers, providing high-tech solutions to some of the biggest problems in the industry. In a statement, Mr. Hangdong Cheng, CEO at CNET, had the following to offer:

“With the introduction of blockchain technology, the platform-centric services in the past will gradually shift toward decentralization, solving trust issues in business cooperation and services and enhancing user vitality and stickiness… Chinanet Online will also gradually shift from information services to transaction services for business opportunities to create a multi-industry cross-chain value-based internet sharing entity. This partnership will help Chinanet to further integrate blockchain technology into our CloudX artificial intelligence and simultaneously create the public chain of marketing and advertising for small and medium enterprises, eventually branching out from these areas to gradually cover other applications such as business transactions payments, education and training to create a healthy and sustainable business ecosystem and entrepreneurial environment.”

What We’re Seeing From The Stock

One of the first things that we learn when we start to dabble in the market is that the news causes movement. Of course, recently news with regard to an entrance into the blockchain has led to dramatic rises, and that’s exactly what we’re seeing from CNET today. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (9:41), CNET is trading at $3.06 per share after a gain of $1.90 per share (161.97%) thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on CNET. In particular, we’re interested in following the company’s entrance into the blockchain and excited to learn about the applications that it develops. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Thought Leader Discussions

Gevo, Inc. GEVO Stock News

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Gevo, Inc. (NASDAQ: GEVO) Before we get into this interview, I'd like to extend a special thanks to my friend Joey who both set up the...