On May 14, 2014, DragonWave, Inc.(USA) (NASDAQ:DRWI), announced financial results for the fourth quarter and full fiscal year ended February 28, 2014. Revenue for the fourth quarter of fiscal year 2014 was $17.9 million, compared with $22.2 million in the third quarter of this fiscal year and $28.3 million in the fourth quarter of the prior fiscal year. Revenue from the Nokia channel (formerly called Nokia Solutions and Networks) represented 68% of revenue in the fourth quarter of this fiscal year, versus 51% in the third quarter of this fiscal year and 61% in fourth quarter of the prior fiscal year. DragonWave, Inc.(USA) (NASDAQ:DRWI), net profit margin is -49.60% and weekly performance is -14.06%. On last trading day company shares ended up $1.10. Analysts mean target price for the company is $1.68. DragonWave, Inc.(USA) (NASDAQ:DRWI), distance from 50-day simple moving average (SMA50) is -20.44%.
On May 11, 2014, Parametric Sound Corp (NASDAQ:HEAR), announced Kenneth F. Potashner has stepped down from the company’s board of directors. Parametric Sound Corp (NASDAQ:HEAR), advanced 1.89% in last trading session and ended the day on $9.15. HEAR, Gross Margin is 40.00% and its return on assets is -159.00%. Parametric Sound Corp (NASDAQ:HEAR), quarterly performance is -39.36%.
On May 13, 2014, Zhone Technologies Inc (NASDAQ:ZHNE), unveiled seven ways fiber-based passive optical LAN solutions can improve enterprise communications. Zhone Technologies Inc (NASDAQ:ZHNE), shares moved up 4.80% in last trading session and was closed at $2.62, while trading in range of $2.38 – 2.67. Zhone Technologies Inc (NASDAQ:ZHNE), year to date (YTD) performance is -50.94%.
Wireless Telecom Group, Inc. (NYSE MKT:WTT) announced results for the first quarter ended March 31, 2014. For the quarter ended March 31, 2014, the Company reported net sales of $9,185,000, compared to $6,797,000 for the same period in 2013, an increase of 35%. Net sales in the Network Solutions segment were $6,390,000, compared to $3,794,000 for the same period in 2013, an increase of 68%. Net sales in the Test and Measurement segment were $2,795,000, compared to $3,003,000 for the same period in 2013, a decrease of 7%. Wireless Telecom Group Inc (NYSEMKT:WTT), ended the last trading day at $2.48. Company weekly volatility is calculated as 5.95% and price to cash ratio as 2.87. Wireless Telecom Group Inc (NYSEMKT:WTT), showed a negative weekly performance of 3.12%.
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