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.