News Buzz: Nokia Corporation (NYSE:NOK), Sprint Corporation (NYSE:S), AT&T Inc. (NYSE:T), Cisco Systems (NASDAQ:CSCO)

On a day that saw the pending sale of Nokia to Microsoft delayed until April, Nokia Corporation (ADR) (NYSE:NOK) announced that it would be hosting a press event on April 2nd, 2014 which coincides with Microsoft’s Build show. Nokia Corporation (ADR) (NYSE:NOK) shares after opening at $7.29 moved to $7.32 on last trade day and at the end of the day closed at $7.31. Company price to sales ratio in past twelve months was calculated as 0.78 and price to cash ratio as 3.58. Nokia Corporation (ADR) (NYSE:NOK) showed a negative weekly performance of -4.69%.

Sprint Corp. (NYSE:S) is cutting more than 1,400 jobs across the country, according to a recent report from CNET and Fierce Wireless. The company is closing call centres and underperforming retail stores, as well as cutting jobs related to refurbishing phones. Sprint Corporation (NYSE:S) shares fell -0.55% in last trading session and ended the day on $9.06. S return on equity ratio is recorded as -12.80% and its return on assets is -4.10%.

AT&T Inc. (NYSE:T) has expanded the nation’s most reliable 4G LTE network in Reno, bringing more customers the latest generation of wireless network technology. AT&T launched 4G LTE in Reno on December 13, 2012 and the expanded coverage is part of its ongoing rollout across the market. AT&T Inc. (NYSE:T) shares moved up 0.75% in last trading session and was closed at $34.72, while trading in range of $34.37 – $34.89. AT&T Inc. (NYSE:T) year to date (YTD) performance is -1.25%.

A pledge of $1 billion was made by Cisco Systems Inc. (NASDAQ:CSCO) in the next two years as the company indicated that it aims to join the market currently dominated by Amazon.com Inc. The company will use the amount in creating data centres that will facilitate the operation of Cisco Cloud Services news service. Cisco Systems, Inc. (NASDAQ:CSCO) weekly performance is 3.28%. On last trading day company shares ended up $22.34. Cisco Systems, Inc. (NASDAQ:CSCO) distance from 50-day simple moving average (SMA50) is 1.19%. Analysts mean target price for the company is $23.71.