Wednesday, February 12, 2014

9 Largest US Network & Communication Device Company Stock Prices Down 61% Due to Financial Meltdown Spillover Effects, Then Up 274% Under Obama and the US Fed

I found 11 US Network & Communication Device Companies classified in the Technology Sector at Yahoo's superb Finance website with current Total Market Capitalizations of at least $100 mil each.

Of these 11 US Network & Communication Device Companies, 9 of them also had their common stocks trading on each of the following three dates:

  • On December 31, 2007 during President Bush's second term
  • On March 6, 2009, very early in President Obama's first term, which was their lowest point due to the spillover effects resulting from the 2008 financial meltdown, and 
  • also on the most recent date February 12, 2014.

The historical common stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 9 largest US Network & Communication Device Companies having their common stocks trading on each of the above three dates had their average stock prices drop by a massive 61% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.

But in the slightly less than five years since March 6, 2009, the average stock prices of these same 9 largest US Network & Communication Device Companies have increased by a very robust 274% through February 12, 2014, led by Sunnyvale, CA-based Finisar.

Clearly, the investors in and employees of a clear majority of these 9 largest US Network & Communication Device Companies must be pleased with the impact of actions taken by both the Obama Administration and the US Fed to successfully rescue the US economy from its extremely weakened state.

Below here are the stock market prices of each of these 9 largest US Network & Communication Device Companies having their stocks trading on February 12, 2014, on March 6, 2009, and also on December 31, 2007:







Market Market






Price Price






% %






Change Change



Market Market Market 3-6-09 12-31-07



Price Price Price to to
Network & Communication Device Company HQs
2-12-14 3-6-09 12-31-07 2-12-14 3-6-09





Finisar Sunnyvale CA       23.14         2.24       11.60 933% -81%
Aruba Networks Sunnyvale CA       19.53         2.76       14.91 608% -81%
Super Micro Computer San Jose CA       21.90         4.84         7.67 352% -37%
Extreme Networks San Jose CA         5.47         1.23         3.54 345% -65%
Juniper Networks Sunnyvale CA       27.10       12.67       33.20 114% -62%
Cisco Systems San Jose CA       22.85       14.18       27.07 61% -48%
Black Box Corp Lawrence PA       26.44       17.19       36.17 54% -52%
Digi International Minnetonka MN         9.61         6.78       14.19 42% -52%
Echelon San Jose CA         2.91         5.30       20.64 -45% -74%








Average % Change all 9




274% -61%


And in the chart below are the stock market prices on February 12, 2014 and on the close of the first trading date of the 2 additional US Network & Communication Device Companies with current Total Market Capitalizations of at least $100 mil each and which didn't have their common stocks trading on December 31, 2007:







Closing






Month Price






Of On




Market
First First




Price
Trading Trading
%
Network & Communication Device Company HQs
2-12-14
Date Date
Change









Palo Alto Networks Santa Clara CA       68.77
Jul 2012 53.13
29%
Gigamon Milpitas CA       30.85
 Jun 2013  28.47
8%

Of the 11 US Network & Communication Device Companies with Market Capitalizations above $100 mil, 9 of them, or 82% of them, are headquartered in California.