The CEO of Portugal Telecom, SGPS (ADR) (NYSE:PT) and Oi, Zeinal Bava, said in a conference call with analysts that the value of synergies resulting from the merger of the two companies could be higher than previously estimated, reports Jornal de Negocios. The manager said that synergies could exceed the BRL 5.5 billion or EUR 1.8 billion estimated in September 2013, but it prefers to be conservative and deliver superior value. Portugal Telecom, SGPS (ADR) (NYSE:PT) net profit margin is 5.70% and weekly performance is 0.80%. On last trading day company shares ended up $3.79. Analysts mean target price for the company is $3.91. Portugal Telecom, SGPS (ADR) (NYSE:PT) distance from 50-day simple moving average (SMA50) is -10.39%.
Juniper Networks Inc (NYSE:JNPR), the industry leader in network innovation, announced the Company will participate in the investor events: Shaygan Kheradpir, chief executive officer, Juniper Networks, will present at the Bank of America Merrill Lynch 2014 Global Technology Conference, Wednesday, June 4, 2014 beginning at 8:30 a.m. Pacific Daylight Time (PDT)/11:30 a.m. Eastern Daylight Time (EDT) in San Francisco, Calif. This event will be available live via webcast and presentation slides will be archived on the Juniper Networks website:http://investor.juniper.net/investor-relations/default.aspx. Juniper Networks, Inc. (NYSE:JNPR) shares advanced 0.45% in last trading session and ended the day on $24.70. Gross Margin is 62.60 % and its return on assets is 4.60%. Juniper Networks, Inc. (NYSE:JNPR) quarterly performance is -11.63%.
Yahoo! Inc. (NASDAQ:YHOO) is in discussions to acquire RayV Inc., a startup that specializes in enhancing high-definition (HD) online video streaming. However, details are scarce because neither party was available for comment. RayV is a Los Angeles-based company with research and development (R&D) operations in Tel Aviv, Israel. It offers cloud-based software to manage and deliver enhanced high-quality video streaming over the web to wireless gadgets and other mobile devices. Yahoo! Inc. (NASDAQ:YHOO) shares moved up 0.99% in last trading session and was closed at $34.70, while trading in range of $34.26 – $34.86. Yahoo! Inc. (NASDAQ:YHOO) year to date (YTD) performance is -14.19 %.
MeetMe Inc (NASDAQ:MEET) the public market leader for social discovery, announced that the Company will present at Cowen and Company’s 42nd Annual Technology, Media & Telecom Conference on Wednesday, May 28, 2014 at 9:30 a.m. Eastern Time. The presentation, given by CEO Geoff Cook and CFO David Clark, will be available via webcast on the Investor Relations section of the Company’s website, www.meetmecorp.com. MeetMe Inc (NASDAQ:MEET) ended the last trading day at $1.96. Company weekly volatility is calculated as 9.26% and price to cash ratio as 13.05. MeetMe Inc (NASDAQ:MEET) showed a negative weekly performance of -4.39%.
Widening margins caused Magyar Telekom Tavkozlesi Nyrt (ADR) (OTCMKTS:MYTAY) profits to swell in the first quarter, the company’s consolidated IFRS report published Thursday shows. MT’s net income rose to HUF 4.8 billion in Q1 from HUF 1.7 billion in the same period a year earlier. According to estimations of analysts net income was over the HUF 3.0 billion. Earnings per share came to HUF 4.6 for the period. Revenue fell 3.0% to HUF 151.9 billion, but direct costs dropped at triple that rate, declining 9.5% to HUF 53.9 billion. Operating profit was up 13.0% at HUF 16.1 billion. Financial losses narrowed by HUF 1.7 billion to HUF 6.0 billion. Magyar Telekom Tavkozlesi Nyrt (ADR) (OTCMKTS:MYTAY) On last trading day company shares ended up $7.44 .
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