WallachBeth Capital downgraded shares of Weibo Corp (ADR) (NYSE:WB) from a buy rating to a hold rating in a report issued on Tuesday, Analyst Ratings Net reports. They currently have $2.50 target price on the stock, down from their previous target price of $4.00. Weibo Corp (ADR) (NASDAQ:WB) net profit margin is -74.70% and weekly performance is 10.58 %. On last trading day company shares ended up $19.75. Analysts mean target price for the company is $25.00. Weibo Corp (ADR) (NASDAQ:WB) distance from 50-day simple moving average (SMA50) is 0.45%.
Youku Tudou Inc. (ADR) (NYSE:YOKU) China’s leading Internet television company (“Youku Tudou”), will report its first quarter 2014 unaudited financial results on Thursday, May 22, 2014, after the close of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 9:00 p.m. U.S. Eastern Time, May 22, 2014 (9:00 a.m. Beijing / Hong Kong time, May 23, 2014). Youku Tudou’s management will be on the call to discuss the quarterly results and answer questions. To participate in the conference call, please RSVP to Ryan Cheung by email at ryan.cheung@youku.com.Youku Tudou Inc (ADR) (NYSE:YOKU) shares fell -1.62% in last trading session and ended the day on $20.60. Gross Margin is 17.90% and its return on assets is -5.40%. Youku Tudou Inc (ADR) (NYSE:YOKU) quarterly performance is -31.65%.
Cisco Systems, Inc (NASDAQ:CSCO) announced it is delivering on its vision for Application Centric Infrastructure (ACI) through the release this summer of the Application Policy Infrastructure Controller (APIC), ACI fabric mode for Cisco Nexus® 9000 Series switches, UCS Director support for ACI, industry-leading hardware and software innovations across its portfolio, and a market strategy that includes a robust ecosystem, Cisco validated designs, and new Cisco® Services for ACI. In addition, Cisco is extending ACI support across its existing Nexus portfolio to enable customers with existing Cisco Nexus-based data centers to deploy ACI, while keeping intact their existing investments in network infrastructure across physical and virtual workloads. The Nexus 7000 Series switches and ASR 9000 Router will also be integrated into the ACI fabric as a Data Center Interconnect (DCI) gateway/router. In addition, integrated infrastructure solutions FlexPod and Vblock Systems are embedding Cisco ACI to accelerate application delivery and streamline operations. Cisco Systems, Inc. (NASDAQ:CSCO) shares moved up 0.79% in last trading session and was closed at $24.37, while trading in range of $24.06 – $24.44. Cisco Systems, Inc. (NASDAQ:CSCO) year to date (YTD) performance is 10.42%.
Yandex NV (NASDAQ:YNDX) announced the nomination of Mr. Herman Gref. The company is one of the leading internet corporations based in Europe, besides being the largest search provider in Russia. Gerf was nominated for election as a new member of the company’s BOD at this year’s annual general meeting of stockholders. Yandex NV (NASDAQ:YNDX) ended the last trading day at $30.03. Company weekly volatility is calculated as 3.50% and price to cash ratio as 13.04. Yandex NV (NASDAQ:YNDX) showed a positive weekly performance of 6.11%.
RBC Capital reaffirmed their outperform rating on shares of BHP Billiton Limited (ASX:BHP) in a report released on Friday, AR Network reports. BHP Billiton Limited (ADR) (NYSE:BHP) net profit margin is 36.40% and weekly performance is 1.86%. On last trading day company shares ended up $70.80. Analysts mean target price for the company is $62.95. BHP Billiton Limited (ADR) (NYSE:BHP) distance from 50-day simple moving average (SMA50) is 2.95%.
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