Decliners at Tech Sector: MeetMe (NASDAQ:MEET), magicJack VocalTec (NASDAQ:CALL), Cornerstone OnDemand (NASDAQ:CSOD), ReneSola (ADR) (NYSE:SOL)

On June 24, 2014, MeetMe, Inc. (NASDAQ:MEET), shares are flying after the company set a new record of 15 million user-to-user chats in one day for the first time ever in the company’s history. The daily record was set on Monday, reflecting the increasing popularity and usage of the social discovery company. MeetMe, Inc. (NASDAQ:MEET), net profit margin is -16.60% and weekly performance is -3.35%. On last trading day company shares ended up $2.60. Analysts mean target price for the company is $4.67. MeetMe, Inc. (NASDAQ:MEET), distance from 50-day simple moving average (SMA50) is 12.08%.

magicJack VocalTec Ltd. (NASDAQ:CALL), was the recipient of a large decrease in short interest during the month of May. As of May 30th, there was short interest totalling 5,124,043 shares, a decrease of 18.7% from the May 15th total of 6,301,100 shares,Analyst Ratings.Net reports. Based on an average daily volume of 599,426 shares, the days-to-cover ratio is presently 8.5 days. Currently, 40.1% of the shares of the company are sold short. magicJack VocalTec Ltd. (NASDAQ:CALL), fell 6.07% in last trading session and ended the day on $14.08. CALL, Gross Margin is 64.10% and its return on assets is 42.60%. magicJack VocalTec Ltd. (NASDAQ:CALL), quarterly performance is -30.84%.

Cornerstone OnDemand, Inc. (NASDAQ:CSOD), a global leader in cloud-based talent management software solutions, announced it has earnedISO/IEC 27001:2005 certification for its unified talent management suite . By achieving this certification, Cornerstone OnDemand has demonstrated its ongoing commitment to providing a secure environment for the protection of its clients’ data. Cornerstone OnDemand, Inc. (NASDAQ:CSOD), shares moved down 6.94% in last trading session and was closed at $42.51, while trading in range of $42.46 – 45.57. Cornerstone OnDemand, Inc. (NASDAQ:CSOD), year to date (YTD) performance is -20.26%.

ReneSola Ltd. (ADR) (NYSE:SOL), was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Thursday, American Banking and Market News reports. The firm currently has a $3.25 price objective on the stock. Zacks‘s price target would suggest a potential upside of 27.95% from the stock’s previous close. ReneSola Ltd. (ADR) (NYSE:SOL), ended the last trading day at $2.58. Company weekly volatility is calculated as 5.47% and price to cash ratio as 4.98. ReneSola Ltd. (ADR) (NYSE:SOL), showed a negative weekly performance of 11.03%.