Virtualization software maker VMware Inc. (NYSE:VMW) announced upbeat financial results for the first quarter of its 2014 fiscal year (1QFY14 ended: March 31, 2014). The company reported revenues of $1.36 billion, higher than the Street’s estimates of $1.35 billion. VMware also announced better-than-expected earnings per share of 80 cents, beating analysts’ expectations by one cent. The company also issued higher guidance for the current quarter. VMware, Inc. (NYSE:VMW) shares after opening at $92.98 moved to $94.06 on last trade day and at the end of the day closed at $93.17. Company price to sales ratio in past twelve months was calculated as 7.46 and price to cash ratio as 6.06. VMware, Inc. (NYSE:VMW) showed a positive weekly performance of 3.52%.
SAP AG (ADR) (NYSE:SAP) announced a high-level executive shakeup this week. The German software giant appointed Robert Enslin, president of global customer operation and Bernd Leukert, head of application innovation, to the executive board, and announced that Dr. Vishal Sikka, executive board member for products and innovation and one of the key architects of the company’s HANA in-memory computing platform is resigning citing personal reasons. SAP AG (ADR) (NYSE:SAP) shares fell -0.64% in last trading session and ended the day on $78.00. SAP return on equity ratio is recorded as 22.10% and its return on assets is 11.90%. SAP AG (ADR) (NYSE:SAP) yearly performance is -2.45%.
Lenovo Group Limited (ADR) (OTCMKTS:LNVGY) and Arizona Cardinals wide receiver Larry Fitzgerald have teamed up to advance technology in the classroom and excite kids about learning. Through their community outreach, both Lenovo and Larry Fitzgerald via his First Down Fund non-profit organization, focus on helping disadvantaged youth gain appropriate education and access to technology in order to better their future. Lenovo Group Limited (ADR) (OTCMKTS:LNVGY) shares moved down -0.31% in last trading session and was closed at $22.49, while trading in range of $22.44 – $22.62.
Lantronix Inc. (NASDAQ:LTRX) Net revenue was $11.6 million for the third quarter of fiscal 2014, a decrease of $571,000, compared to $12.2 million for the third quarter of fiscal 2013 and an increase of $625,000, compared to $11.0 million for the second quarter of fiscal 2014. Lantronix Inc. (NASDAQ:LTRX) weekly performance is -12.20%. On last trading day company shares ended up $1.80. Lantronix Inc. (NASDAQ:LTRX) distance from 50-day simple moving average (SMA50) is -16.71%. Analysts mean target price for the company is $3.36.
HHGregg Inc. (NYSE:HGG) unveiled a new marketing campaign Tuesday in an effort to boost sales at the slumping Indianapolis-based electronics and appliance chain. The wide-ranging “brand transformation” includes a new company logo and television commercials, in addition to an improved website and more services offered to customers who purchase big-ticket items from an HHGregg store. hhgregg, Inc. (NYSE:HGG) shares fell -2.48% in last trading session and ended the day on $8.26. HGG return on equity ratio is recorded as 4.80% and its return on assets is 2.30%. hhgregg, Inc. (NYSE:HGG) yearly performance is -43.15%.
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