VMware, Inc. (NYSE:VMW), was upgraded by stock analysts at Piper Jaffray from a “neutral” rating to an “overweight” rating in a report issued on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $111.00 price objective on the stock. Piper Jaffray’s price target points to a potential upside of 15.03% from the company’s current price. VMware, Inc. (NYSE:VMW), net profit margin is 19.30% and weekly performance is -0.82%. On last trading day company shares ended up $96.00. Analysts mean target price for the company is $110.33. VMware, Inc. (NYSE:VMW), distance from 50-day simple moving average (SMA50) is -3.35%.
On May 28, 2014, Marvell Technology Group Ltd. (NASDAQ:MRVL), releases its fifth generation SATA SSD controller, Marvell 88SS1074. This controller consumes lower power, delivers higher performance and reduces storage system cost. Marvell Technology Group Ltd. (NASDAQ:MRVL), advanced 0.88% in last trading session and ended the day on $16.06. MRVL, Gross Margin is 51.10% and its return on assets is 6.00%. Marvell Technology Group Ltd. (NASDAQ:MRVL), quarterly performance is 2.88%.
Broadcom Corporation (NASDAQ:BRCM), shares saw an uptick in trading volume on Tuesday after Credit Agricole upgraded the stock from an outperform rating to a buy rating, American Banking News.com reports. 12,585,242 shares traded hands during trading, an increase of 52% from the previous session’s volume of 8,284,669 shares.The stock last traded at $35.79 and had previously closed at $34.84. Broadcom Corporation (NASDAQ:BRCM), shares moved up 2.99% in last trading session and was closed at $35.88, while trading in range of $34.79 – 36.00. Broadcom Corporation (NASDAQ:BRCM), year to date (YTD) performance is 21.96%.
Vringo, Inc. (NASDAQ:VRNG), reported last week that Chinese patent authorities upheld the validity of another of its patents that ZTE Corporation sought to challenge. At least seven Vringo patents are being challenged by ZTE of which two have already been withheld in the favor of Vringo. The latest patent to be upheld by the Chinese authorities is Chinese Patent ZL00806049.5, which is the Chinese equal of European Patent 1,166,589. The patent, owned by Vringo’s subsidiary Vringo Infrastructure Inc, was placed into patent re-examination by ZTE in November 2012. Vringo, Inc. (NASDAQ:VRNG), ended the last trading day at $3.06. Company weekly volatility is calculated as 4.58% and price to cash ratio as 7.88. Vringo, Inc. (NASDAQ:VRNG), showed a negative weekly performance of 10.26%.
PowerSecure International, Inc. (NYSE:POWR), jumped 5.39 percent to $8.21 in the last trading session after Craig Hallum raised its ratings for the company from “Hold” to “Buy” with a price target of $12 per share for the stock. POWR shares traded in the range of $7.71 to $8.29. The company has a market capitalization of $183.61 million. PowerSecure International, Inc. (NYSE:POWR), net profit margin is -0.20% and weekly performance is -5.19%. On last trading day company shares ended up $7.85. Analysts mean target price for the company is $12.75. PowerSecure International, Inc. (NYSE:POWR), distance from 50-day simple moving average (SMA50) is -54.48%.
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