Shareholder Digest: 21Vianet Group (VNET), Alcatel Lucent (ALU), Magal Security Systems (MAGS)

21Vianet Group Inc (NASDAQ:VNET) recently entered into a strategic partnership arrangement with China Internet Network Information Center (CNNIC). That is a Chinese government agency that deals with the management of domestic domain registry. It also deals with other Internet infrastructure services in the country. VNET said that the partnership with CNNIC will put it in a position to share resources and complement capabilities with the agency. That offers important leverage for the carrier-neutral provider of Internet data center services. 21Vianet Group Inc (NASDAQ:VNET) generated $106.10 million in revenue in the most recent quarter, which was 38.2% better than the like quarter a year earlier.

Alcatel Lucent SA (ADR) (NYSE:ALU) has partnered with Accenture whereby the companies have formed an entity known as Accenture Alcatel-Lucent Business Group. The group will be concerned with the designing and building mobile customer care solutions for IP networks. As such, ALU will become the preferred customer care solutions provider for Accenture. Similarly, Accenture will be the preferred supplier for the software and network solutions developed by ALU. Meanwhile, analysts at Goldman Sachs Group Inc (NYSE:GS) cut their price target on the stock of ALU to $4.10 from $4.40.

Magal Security Systems Ltd. (USA) (NASDAQ:MAGS) has received fresh orders amounting to $8.2 million. The management announced that they were pleased that their customers were upgrading to their newest technologies. MAGS said that most of the orders were intended for use in the expansions, changes and even upgrade of the security installations in Israel. The company further revealed the orders for $1.2 million involve the supply for duress systems that are used in correction facilities for the purposes of providing a safer environment for the prison-based staff. Magal Security Systems Ltd. (USA) (NASDAQ:MAGS) also stated that the new $1.2 million order for duress systems was part of the $5.2 million contract that it had announced early this year. The company reported revenue of $16.20 million in the most recent quarter.

About the Author

Barry is a senior journalist at Us Markets Daily. He reports, shoots and edits many of his own stories by himself.

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