Blackberry Ltd (NASDAQ:BBRY) has launched a low cost touch screen device in Jakarta, Indonesia. The name of the device is Z3 and Blackberry is looking to make a comeback of sorts in an emerging market like Indonesia when the rest of the world is dominated by Apple and Samsung. The brand has entered into a partnership with FIH mobile LTD which is well-known for assembling Apple’s mobile phones and tabs. The cost of the handset is around $200, which is approximately Rs 12,000 and the success or failure of this handset will determine the future of the company, once known for its high end and user-friendly products. BlackBerry Ltd (NASDAQ:BBRY) net profit margin is -6.73% and weekly performance is 0.55%. On last trading day company shares ended up $7.33. Analysts mean target price for the company is $10.90. BlackBerry Ltd (NASDAQ:BBRY) distance from 50-day simple moving average (SMA50) is -11.61%.
WPCS International Incorporated (NASDAQ:WPCS) recently announced that it received a letter from the Staff of the Listing Qualifications Department of The NASDAQ Stock Market LLC (“NASDAQ”) indicating that unless the Company timely requests a hearing before the NASDAQ Listing Qualifications Panel (the “Panel”). WPCS International Incorporated (NASDAQ:WPCS) shares advanced 11.37% in last trading session and ended the day on $0.630. WPCS Gross Margin is 28.20% and its return on assets is -69.60%. WPCS International Incorporated (NASDAQ:WPCS) quarterly performance is -62.05%.
Cbeyond Inc (NASDAQ:CBEY) was downgraded by analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday,StockRatingsNetwork.com reports. They currently have a $10.00 price objective on the stock, up from their previous price objective of $8.00. DA Davidson’s price target suggests a potential upside of 0.50% from the company’s current price. Cbeyond, Inc. (NASDAQ:CBEY) shares moved up 0.20% in last trading session and was closed at $9.95, while trading in range of $9.93 – $9.96. Cbeyond, Inc. (NASDAQ:CBEY) year to date (YTD) performance is 44.41%.
Towerstream Corporation (NASDAQ:TWER) was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend of the company as the stock has lost over 18% in the past one-month time frame. Towerstream Corporation (NASDAQ:TWER) ended the last trading day at $1.65. Company weekly volatility is calculated as 7.91% and price to cash ratio as 3.34. Towerstream Corporation (NASDAQ:TWER) showed a positive weekly performance of 0.61%.
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