Tech Stocks at 52-Week Low (EQIX, Adobe Systems, SAY, IRM)

Equinix, Inc. (NASDAQ:EQIX) plunged 32.58% to $70.85 on over 25.76 million shares after the company trimmed its revenue outlook for the third quarter. The company said it now expects revenue to come in between $328 million - $330 million - the midpoint of which is 2.2% lower than the company's previous outlook.

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The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $95.79 and $93.13 respectively. The stock made its new 52-week low of $69.42.

Adobe Systems Incorporated (NASDAQ:ADBE) slid 0.70% to $25.59 after 9.43 million shares of trade. Over the past 52-week, the stock traded within the range of $25.50-$38.20. At current market price, the market capitalization of the stock stands at $13.44 billion.

The stock today opened trade at $25.99. The average daily volume of the stock is 15.79 million shares. So far this year, the stock plunged more than 31%. The stock created its fresh 52-week low of $25.50.

Shares of Satyam Computer Services Limited(ADR) (NYSE:SAY) is trading 0.53% lower to $3.77 after 5.97 million shares of trade. The intraday range of the stock is $3.72-$3.84. The stock is down more than 18% year-to-date. Today, the stock made its new 52-week low of $3.72.

The company has Price/Sales ratio of 1.68 and Price/Book ratio of 1.98. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $4.81 and $5.05 respectively.

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Iron Mountain Incorporated (NYSE:IRM) went down 0.59% to $20.33 on over 3.96 million shares. So far in the last one year of trading sessions, the stock slumped over 23%. The stock has a 52-week range of $19.93-$28.49.  The stock made its new 52-week low of $19.93.

The median Wall Street price target on the stock is $31 and the high target is set at $40 with majority of analysts have a Hold rating on the company`s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $21.15 and $23.93 respectively.

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