On June 10, Leading video and broadband gear manufacturer ARRIS Group, Inc. (NASDAQ:ARRS) has entered into a deal with Austrian cable operator Liwest Kabelmedien GmbH to deploy its Converged Cable Access Platform (:CCAP) equipment. Liwest will utilize Arris’ E6000 converged edge router (:CER) to offer Inter services at a speed up to 250 Mbps. Liwest already deployed Arris’ TG682 cable modem system and plans to upgrade Internet speed up to 1 Gbps in the long-term. ARRIS Group, Inc. (NASDAQ:ARRS) net profit margin is -1.60% and weekly performance is -1.36%. On last trading day company shares ended up $32.71. Analysts mean target price for the company is $35.56. ARRIS Group, Inc. (NASDAQ:ARRS) distance from 50-day simple moving average (SMA50) is 13.44%.
Ericsson (ADR) (NASDAQ:ERIC) was the target of a significant growth in short interest during the month of May. As of May 30th, there was short interest totalling 9,077,070 shares, a growth of 47.2% from the May 15th total of 6,164,430 shares,StockRatingsNetwork.com reports. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,725,148 shares, the short-interest ratio is currently 3.3 days. Ericsson (ADR) (NASDAQ:ERIC) shares fell -0.73% in last trading session and ended the day on $12.21. Gross Margin is 35.50% and its return on assets is 4.90%. Ericsson (ADR) (NASDAQ:ERIC) quarterly performance is -0.25%.
On May 27, Sonus Networks, Inc. (NASDAQ:SONS) a global leader in SIP communications, announced that as part of the Company’s previously announced stock buyback program, it has agreed to repurchase 2 million shares of the Company’s common stock in a privately negotiated transaction reached with Empire Capital Management, L.L.C. (“Empire”) on Friday, May 23, 2014. Sonus Networks, Inc. (NASDAQ:SONS) shares moved up 1.98% in last trading session and was closed at $3.61, while trading in range of $3.48 – $3.61. Sonus Networks, Inc. (NASDAQ:SONS) year to date (YTD) performance is 14.44%.
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Infoblox Inc. (NYSE:BLOX) of the July 29, 2014 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Infoblox and certain executives. Infoblox Inc (NYSE:BLOX) ended the last trading day at $13.56. Company weekly volatility is calculated as 3.34% and price to cash ratio as 2.82. Infoblox Inc (NYSE:BLOX) showed a positive weekly performance of 5.28%.
At the Annual Meeting of Stockholders of Polycom, Inc. (NASDAQ:PLCM) held on June 9, 2014 (the “Annual Meeting”), the stockholders of Polycom voted on and approved an amendment to Polycom’s 2005 Employee Stock Purchase Plan (the “ESPP”) to increase the number of shares of common stock reserved for issuance under the plan by 9,000,000 shares. Polycom Inc (NASDAQ:PLCM) net profit margin is -1.80% and weekly performance is 0.85%. On last trading day company shares ended up $13.06. Analysts mean target price for the company is $13.70. Polycom Inc (NASDAQ:PLCM) distance from 50-day simple moving average (SMA50) is 2.66%.
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