Tech Decliners: Canadian Solar Inc. (NASDAQ:CSIQ), Hanwha Solarone Co Ltd (NASDAQ:HSOL), Sprint Corporation (NYSE:S), Jiayuan.com International Ltd (NASDAQ:DATE), Astea International Inc. (NASDAQ:ATEA)

On May 16, 2014, Canadian Solar Inc. (NASDAQ:CSIQ), last week announced its selective preliminary results for 1Q14 whereby the company anticipated its revenue to remain around $460 million to $470 million range which is significantly up from its previous guidance of $415 million to $430 million range. However, the company cut down its top line gross margin guidance for 1Q14 from its previous guidance of 14% – 16% range to 14% – 15% range. Canadian Solar Inc. (NASDAQ:CSIQ), net profit margin is 16.70% and weekly performance is -16.15%. On last trading day company shares ended up $22.07. Analyts mean target price for the company is $46.14. Canadian Solar Inc. (NASDAQ:CSIQ), distance from 50-day simple moving average (SMA50) is -26.96%.

Hanwha Solarone Co Ltd (NASDAQ:HSOL), has completed construction of a 31 MW solar photovoltaic (PV) project located on multiple rooftop sites in Southern China’s Guangdong Province. Hanwha Solarone Co Ltd (NASDAQ:HSOL), fell 9.02% in last trading session and ended the day on $2.22. HSOL, Gross Margin is -2.60% and its return on assets is -16.30%. Hanwha Solarone Co Ltd (NASDAQ:HSOL), quarterly performance is -25.00%.

On May 16, 2014, Sprint Corporation (NYSE:S), announced that it and certain of its subsidiaries have entered into a facility agreement of up to $1.3 billion with The Bank of Tokyo-Mitsubishi UFJ, Ltd. (NYSE: MTU), as administrative agent, based on the securitization of its wireless service accounts receivable. Sprint Corporation (NYSE:S), shares moved down 5.46% in last trading session and was closed at $9.01, while trading in range of $8.98 – 9.57. Sprint Corporation (NYSE:S), year to date (YTD) performance is -16.19%.

Jiayuan.com International Ltd (NASDAQ:DATE), was upgraded by research analysts at TheStreet from a “hold” rating to a “buy” rating in a report released on Wednesday, Analyst Ratings Network reports. Jiayuan.com International Ltd (NASDAQ:DATE), ended the last trading day at $5.31. Company weekly volatility is calculated as 4.75% and price to cash ratio as 1.99. Jiayuan.com International Ltd (NASDAQ:DATE), showed a negative weekly performance of 4.67%.

On May 16, 2014, Astea International Inc. (NASDAQ:ATEA), recently launched its financial results for Q1 of current year. Astea International Inc. (NASDAQ:ATEA) as the revenue posted in the Q1 2014 was $4.8 million in comparison with the revenues of $4.7 million for the Q1 2013. Company’s revenues have increased over a period of 12 months, but with that has increased the net loss. The company reported a net loss figure of $1.3 million for the Q1 2014. In terms of per share basis, the company’s net loss was $0.37 per share. If compare with the Q1 of the previous year, ATEA posted a net loss figure of $1.1 million. In terms of per share basis, it was $0.31 in the Q1 of the 2013. Astea International Inc. (NASDAQ:ATEA), net profit margin is -16.70% and weekly performance is -16.37%. On last trading day company shares ended up $1.43. Astea International Inc. (NASDAQ:ATEA), distance from 50-day simple moving average (SMA50) is -38.22%.

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