Maxim lowered its price target for Youku Tudou Inc. (ADR) (NYSE:YOKU) shares to $18 saying the company is facing fundamental difficulties despite the Alibaba’s investment. The firm keeps a Sell rating on the stock. Youku Tudou Inc. (ADR) (NYSE:YOKU) shares after opening at $22.26 moved to $22.56 on last trade day and at the end of the day closed at $22.04. Company price to sales ratio in past twelve months was calculated as 7.63 and price to cash ratio as 7.27. Youku Tudou Inc. (ADR) (NYSE:YOKU) showed a negative weekly performance of -8.70%.
YY Inc. (NASDAQ:YY) a revolutionary real-time interactive social platform, announced that it plans to release its first quarter 2014 financial results on Monday, May 5, 2014 after market close. YY Inc. (ADR) (NASDAQ:YY) shares advanced 0.66% in last trading session and ended the day on $60.62. YY return on equity ratio is recorded as 29.50% and its return on assets is 22.10%. YY Inc. (ADR) (NASDAQ:YY) yearly performance is 250.61%.
VeriSign, Inc. (NASDAQ:VRSN) and subsidiaries reported revenue of $249 million for the first quarter of 2014, up 5 percent from the same quarter in 2013. Verisign reported net income of $94 million and diluted earnings per share (EPS) of $0.64 for the first quarter of 2014, compared to net income of $85 million and diluted EPS of $0.52 in the same quarter in 2013. The operating margin was 56.1 percent for the first quarter of 2014 compared to 56.4 percent for the same quarter in 2013. Verisign, Inc. (NASDAQ:VRSN) shares moved up 1.71% in last trading session and was closed at $48.42, while trading in range of $46.95 – $48.55. Verisign, Inc. (NASDAQ:VRSN) year to date (YTD) performance is -19.00%.
SouFun Holdings Limited (NYSE:SFUN) the leading real estate Internet portal in China, announced that the Company filed its annual report on Form 20-F which includes its audited financial statements for the three years ended December 31, 2013 with the U.S. Securities and Exchange Commission on April 30, 2014. SouFun Holdings Ltd (NYSE:SFUN) weekly performance is 1.04%. On last trading day company shares ended up $12.59. SouFun Holdings Ltd (NYSE:SFUN) distance from 50-day simple moving average (SMA50) is -15.24%. Analysts mean target price for the company is $18.67.
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