Cyan Inc (NYSE:CYNI) announced financial results for its first quarter ended March 31, 2014. Revenue for the first quarter of 2014 was $19.0 million compared with $26.3 million in the first quarter of 2013 and $20.9 million for the fourth quarter of 2013. GAAP net loss for the first quarter was $17.8 million, or $0.38 per share, compared with a net loss of $9.4 million, or $3.61 per share, in the same period last year, and a net loss of $13.7 million, or $0.29 per share, in the fourth quarter of 2013. Cyan Inc (NYSE:CYNI) net profit margin is -35.00%and weekly performance is -23.21%. On last trading day company shares ended up $3.21. Analysts mean target price for the company is $4.07. Cyan Inc (NYSE:CYNI) distance from 50-day simple moving average (SMA50) is -21.52%.
Shares of wireless backhaul solutions provider Ceragon Networks Ltd (NASDAQ:CRNT) are slipping after the company’s first quarter earnings per share were reported below analysts’ consensus. WHAT’S NEW: Ceragon Networks reported a Q1 adjusted loss per share of (25c), which fell below analysts’ projections of a (16c) loss per share. The company reported Q1 revenue of $70.5M, which was only slightly under analysts’ expectations of $71.8M. Ceragon Networks Ltd (NASDAQ:CRNT) shares fell -2.53% in last trading session and ended the day on $2.31. CRNT Gross Margin is 30.60% and its return on assets is -13.10%. Ceragon Networks Ltd (NASDAQ:CRNT) quarterly performance is -30.21%.
On May 8 2014 ,Aerohive Networks Inc (NYSE:HIVE) announced financial results for its first quarter of 2014 ended March 31, 2014. Total revenue for the first quarter of 2014 was $28.2 million, an increase of 42%, compared with $19.8 million in the first quarter of 2013. Software subscriptions and service revenue was $3.4 million, or 12% of total revenue for the quarter, compared with $1.8 million, or 9% of total revenue in the first quarter of 2013. Aerohive Networks Inc (NYSE:HIVE) shares moved up 3.93% in last trading session and was closed at $9.25, while trading in range of $8.00 – $9.65. Aerohive Networks Inc (NYSE:HIVE) year to date (YTD) performance is -7.50%.
May 7, 2014 — I.D. Systems, Inc. (NASDAQ:IDSY) reported results for the quarter ended March 31, 2014. Revenue increased 21% to $9.7 million from $8.0 million in the first quarter of 2013, driven primarily by a 42% increase in sales of the company’s wireless industrial Vehicle Management Systems (VMS), across both North America and Europe, and a 5% increase in revenue from the company’s transportation asset management business. Gross margin was 51%, compared to 48% in the first quarter of 2013. I.D. Systems, Inc. (NASDAQ:IDSY) ended the last trading day at $4.26. Company weekly volatility is calculated as 12.05% and price to cash ratio as 4.89. I.D. Systems, Inc. (NASDAQ:IDSY) showed a negative weekly performance of -22.97%.
May 8, 2014 — RiT Technologies Ltd. (NASDAQ:RITT) announced that Soarsky Telecommunication Co., a leading software and IT company in Shenzhen, China, has deployed RiT Technologies’ Beamcaster solution to accommodate more than 100 users as part of a major network upgrade. RiT Technologies Ltd. (NASDAQ:RITT) shares moved down -2.07% in last trading session and was closed at $1.42, while trading in range of $1.42 – $1.58. RiT Technologies Ltd. (NASDAQ:RITT) year to date (YTD) performance is -19.32%.
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