Smith Micro Software, Inc.(NASDAQ:SMSI) announced a new version of its NetWise® intelligent traffic management solution is being offered as an over-the-top (OTT) smartphone application for both Android and iOS devices. Already selected by Mexico’s largest mass media company, NetWise SmartSpot™ 3.0 acts as a Wi-Fi concierge, providing a simple, streamlined way for end users to locate, prioritize and connect to the media company’s Wi-Fi access points. The solution facilitates the consumer trend to utilize “Wi-Fi first” for wireless network connectivity, enabling faster, easier consumer onboarding for Wi-Fi providers and lower wireless expenses for enterprises. Smith Micro Software, Inc. (NASDAQ:SMSI) net profit margin is -65.30% and weekly performance is -46.54%. On last trading day company shares ended up $ 0.850. Analysts mean target price for the company is $2.00. Smith Micro Software, Inc. (NASDAQ:SMSI) distance from 50-day simple moving average (SMA50) is -53.99%.
On May 9, Echo Therapeutics, Inc. (NASDAQ:ECTE) a medical device company developing its Symphony® CGM System as a non-invasive, wireless continuous glucose monitoring system, announced its financial results for the quarter ended March 31, 2014. Echo’s net loss for the first quarter of 2014 was $2.8 million, or ($0.23) per share, compared to $7.0 million, or ($1.30) per share, for the first quarter of 2013. The operating loss for the first quarter of 2014 was $2.7 million compared to $5.5 million for the first quarter of 2013. Research and development expenses were $1.1 million for the first quarter of 2014 compared to $3.2 million for the first quarter of 2013, a decrease of approximately $2.1 million, or 64%. Echo Therapeutics Inc (NASDAQ:ECTE) shares fell -29.64% in last trading session and ended the day on $2.16 its return on assets is -86.70%. Echo Therapeutics Inc (NASDAQ:ECTE) quarterly performance is -30.55%.
Kingtone Wirelessinfo Solution Holding Ltd (NASDAQ:KONE) announced that the Company and its employees received five awards from its wireless system development work for the Company’s largest client, Hualu Engineering & Technology Co., Ltd. (“Hualu”). The awards were issued by Hualu to recognize the excellent work accomplished by Kingtone and its employees. Kingtone Wirelessinfo Solutions Hldg Ltd (NASDAQ:KONE) shares moved down -28.11% in last trading session and was closed at $2.66, while trading in range of $2.66 – $3.51. Kingtone Wirelessinfo Solutions Hldg Ltd (NASDAQ:KONE) year to date (YTD) performance is 2.31%.
On May 8,Ubiquiti Networks, Inc. (NASDAQ:UBNT) reported strong third-quarter fiscal 2014 results with non-GAAP earnings of 50 cents per share, exceeding the Zacks Consensus Estimate of 48 cents by 4.2%. Earnings also beat the prior-year quarter earnings of 24 cents by a robust 108%. The company reported non-GAAP net income of $45.2 million compared with $21.1 million in the year-ago quarter, reflecting an increase of 114.2%. Ubiquiti Networks Inc (NASDAQ:UBNT) ended the last trading day at $31.38. Company weekly volatility is calculated as 9.11% and price to cash ratio as 9.01. Ubiquiti Networks Inc (NASDAQ:UBNT) showed a negative weekly performance of -23.28%.
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