Notable Movers: ViaSat (NASDAQ:VSAT), Mitel Networks Corporation (NASDAQ:MITL), Knowles Corp (NYSE:KN), InfoSonics Corporation (NASDAQ:IFON), Harmonic (NASDAQ:HLIT)

June 13, 2014 — In-flight network switching between a U.S. Government Ka-band Wideband Global SATCOM satellite and a commercial Ka-band satellite has been successfully demonstrated by ViaSat Inc. (NASDAQ:VSAT). The USAF proof of concept flight demonstration was conducted under a Cooperative Research and Development Agreement (CRADA) with the Air Force Life Cycle Management Center in cooperation with Air Mobility Command, 193rd Air National Guard, MITRE, and MIT Lincoln Laboratory. The body of observers included representation from U.S. Strategic Command. ViaSat, Inc. (NASDAQ:VSAT) net profit margin is -0.70% and weekly performance is 2.27%. On last trading day company shares ended up $56.82. ViaSat, Inc. (NASDAQ:VSAT) distance from 50-day simple moving average (SMA50) is -6.85%.

June 11, 2014 — Mitel Networks Corporation (NASDAQ:MITL) a global leader in business communications, announced that Standard & Poor’s has upgraded Mitel’s long-term corporate credit rating to B+ from B on the strength of early integration success with Aastra following the completion of their merger at the end of January. In tandem, the credit rating agency also raised Mitel’s rating on its existing term loan to BB- from B+. Mitel Networks Corporation (NASDAQ:MITL) shares fell -2.50% in last trading session and ended the day on $10.90. Mitel Networks Corporation (NASDAQ:MITL) quarterly performance is 9.66%.

On June 13, Knowles Corp (NYSE:KN) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 4,151,426 shares, a growth of 57.7% from the April 30th total of 2,632,582 shares, AR Network reports. Based on an average daily trading volume, of 896,422 shares, the short-interest ratio is presently 4.6 days. Currently, 4.9% of the company’s shares are sold short. Knowles Corp (NYSE:KN) shares moved down -0.70% in last trading session and was closed at $31.00, while trading in range of $31.00. Knowles Corp (NYSE:KN) year to date (YTD) performance is 8.05%.

May 21, 2014 — InfoSonics Corporation (NASDAQ:IFON) announced the launch of its new verykool® s505 smartphone, the most dynamic mobile handset the company has offered to date. The s505, nicknamed the “Spark,” has an ultra high-end design. It is powered by a 1.3 GHz quad core processor and is equipped with the Android 4.2 (Jelly Bean) operating system. The phone will be upgradable to Android 4.4 (KitKat) in the near future via a partnership with Red Bend Software, the market leader in mobile software management. InfoSonics Corporation (NASDAQ:IFON) ended the last trading day at $1.89. Company weekly volatility is calculated as 8.65% and price to cash ratio as 24.64. InfoSonics Corporation (NASDAQ:IFON) showed a negative weekly performance of -10.85%.

June 10, 2014 – At the HP Discover Las Vegas 2014 event taking place June 10-12, Harmonic Inc (NASDAQ:HLIT) the worldwide leader in video delivery infrastructure, will demonstrate new virtualized media processing technology set to transform video production and delivery. Harmonic Inc (NASDAQ:HLIT) net profit margin is 5.40% and weekly performance is -0.66%. On last trading day company shares ended up $7.54. Analysts mean target price for the company is $8.00. Harmonic Inc (NASDAQ:HLIT) distance from 50-day simple moving average (SMA50) is 5.68%.