In the News Stocks: Prologis (NYSE:PLD), Sequential Brands Group (NASDAQ:SQBG), magicJack VocalTec (NASDAQ:CALL), Illumina (NASDAQ:ILMN)

Cinedigm Corp. (NASDAQ:CIDM) shares decreased -3.25% in last trading session and ended the day at $0.28. CIDM Gross Margin is 69.30% and its has a return on assets of -18.20%. Cinedigm Corp. (NASDAQ:CIDM) quarterly performance is -3.55%.

Cinedigm Corp (NASDAQ:CIDM) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Friday,AnalystRatings.Net reports. The firm currently has a $0.25 price objective on the stock. Zacks Investment Research‘s price target points to a potential upside of 4.12% from the company’s current price.

Prologis, Inc. (NYSE:PLD) ended the last trading day at $42.33. Company weekly volatility is calculated as 1.91% and price to cash ratio as 84.11. Prologis, Inc. (NYSE:PLD) showed a weekly performance of 1.46%.

Prologis, Inc. (NYSE:PLD) announced a cash dividend payment of $0.42 per share is scheduled to be paid on March 31, 2016. Shareholders who purchased PLD prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 5% increase over the prior quarter.

On 16 March, Sequential Brands Group, Inc. (NASDAQ:SQBG) shares decreased -4.48% and was closed at $6.40. SQBG EPS growth in last 5 year was -17.10%. Sequential Brands Group, Inc. (NASDAQ:SQBG) year to date (YTD) performance is -19.09%.

Sequential Brands Group, Inc. (NASDAQ:SQBG) announced that management presented at the Bank of America Merrill Lynch 2016 Consumer & Retail Tech Conference in New York on Tuesday, March 15th at 10:30am Eastern Time.

magicJack VocalTec Ltd. (NASDAQ:CALL) shares decreased -16.63% in last trading session and ended the day at $7.22. CALL Gross Margin is 65.70% and its has a return on assets of 4.10%. magicJack VocalTec Ltd. (NASDAQ:CALL) quarterly performance is -27.80%.

On 15 March, magicJack VocalTec Ltd. (NASDAQ:CALL) announced that it has entered into an agreement to acquire substantially all of the assets of North American Telecommunications Corporation d/b/a Broadsmart, a leading hosted UCaaS provider for medium-to-large multi-location enterprise customers. The purchase price for the acquisition is $40 million, consisting of $38 million in cash and $2 million in ordinary shares of magicJack. There is also a $2 million earn out tied to the achievement of 2016 revenues of $15.6 million. The acquisition is expected to close in the next 30 days.

Illumina Inc. (NASDAQ:ILMN) caters to the Healthcare space. It has a net profit margin of 20.80% and weekly performance is -2.48%. On the last day of trading company shares ended up at $149.20. Illumina Inc. (NASDAQ:ILMN) distance from 50-day simple moving average (SMA50) is 14.61%.

Illumina Inc. (NASDAQ:ILMN) announced that Jay Flatley, current Chairman and CEO, will assume the role of Executive Chairman of the Board of Directors on July 5, 2016. Francis deSouza, currently President, will be appointed President and Chief Executive Officer on the same date and will continue to serve on the Illumina Board of Directors.

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