Sprint Corporation (NYSE:S) made several network announcements this morning at a press conference in Chicago. Sprint has added more LTE, more Spark, and more HD voice capabilities to additional cities. The 28 markets were not listed individually, but there were expansions in Seattle, Cleveland, and San Jose. Sprint Corporation (NYSE:S) net profit margin is -7.80% and weekly performance is -2.90%. On last trading day company shares ended up $8.36. Analysts mean target price for the company is $7.28. Sprint Corporation (NYSE:S) distance from 50-day simple moving average (SMA50) is -4.61%.
AT&T Inc. (NYSE:T) has said it is contemplating a similar service in Kansas City, meaning more construction and resulting disruptions. But Google is building its network from scratch. AT&T would only need to extend fiberoptic connections from existing switching stations to homes, suggesting less digging and inconvenience. AT&T Inc. (NYSE:T) shares ended the day on $35.39. T gross Margin is 59.80% and its return on assets is 6.60%.AT&T Inc. (NYSE:T) quarterly performance is 4.06%.
Microblogging service Weibo Corp. (ADR) (NASDAQ:WB) will likely remain unprofitable this year, its chief executive said, as the Chinese company increases investments to acquire new users. Weibo, which means microblog in Chinese, works much like Twitter, allowing users to send brief public messages to followers, who can comment on or repost them. It was started in 2009 and attracted large numbers of users as it became a virtual town square where the Chinese could discuss anything from pop stars to corrupt politicians. Weibo Corp (ADR) (NASDAQ:WB) shares moved down -2.01% in last trading session and was closed at $19.48, while trading in range of $19.17 – $19.94. Weibo Corp (ADR) (NASDAQ:WB) year to date (YTD) performance is -3.75%.
Baidu Inc (ADR) (NASDAQ:BIDU) is a Chinese company that is the most commonly used to search online in China. The company seems to be one of the favorites of Justin Leverenz, director of Emerging Markets Equities and he loves investing with search engines around the globe. Baidu Inc. (ADR) (NASDAQ:BIDU) ended the last trading day at $177.54. Company weekly volatility is calculated as 2.29% and price to cash ratio as 9.76.Baidu Inc. (ADR) (NASDAQ:BIDU) showed a positive weekly performance of 0.37%.
SINA Corp (NASDAQ:SINA) on May 21 announced its unaudited financial results for the first quarter ended March 31, 2014. For the first quarter of 2014, SINA reported net revenues of $171.5 million, compared to $126.0 million for the same period last year. Non-GAAP net revenues for the first quarter of 2014 totalled $167.3 million, compared to $121.3 million for the same period last year. Net loss for the first quarter of 2014 was $33.2 million, compared to $13.2 million for the same period last year. SINA Corp (NASDAQ:SINA) net profit margin is 3.50% and weekly performance is 1.22%. On last trading day company shares ended up $45.54. Analysts mean target price for the company is $71.91. SINA Corp (NASDAQ:SINA) distance from 50-day simple moving average (SMA50) is -5.07%.
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