On May 16, 2014, Oi SA (ADR) (NYSE:OIBR) and Telemar Participacoes S.A. (“TmarPart”), hereby disclose the following regarding the transaction that will result in the combination of activities, business and shareholder bases of Oi, Portugal Telecom SGPS S.A. (“Portugal Telecom” and, together with Oi and TmarPart, the “Companies”) and TmarPart (“Transaction”) to their shareholders and the market in general. Oi SA (ADR) (NYSE:OIBR) weekly performance is 3.57%. On last trading day company shares ended up $0.870. Analysts mean target price for the company is $1.63. Oi SA (ADR) (NYSE:OIBR)distance from 50-day simple moving average (SMA50) is -26.21%.
On May 15, 2014, A10 Networks Inc (NYSE:ATEN) announced that the A10 Thunder Threat Protection System (TPS) product line won two prestigious Best of TechEd 2014 awards: one in the Breakthrough Technology category and the “Attendees’ Pick: Microsoft Partner” award. Penton’s Best of TechEd awards, co-sponsored by Microsoft and Windows IT Pro, recognize Microsoft partners that offer innovative products and services for the industry. Winners were announced at the Microsoft TechEd North America 2014 conference in Houston, Texas. A10 Networks Inc (NYSE:ATEN) shares advanced 0.09% in last trading session and ended the day on $10.64. ATEN Gross Margin is 76.40% and its return on assets is -16.80%.
On May 15, 2014, ChinaCache Internatnl Hldgs Ltd (ADR) (NASDAQ:CCIH) announced its unaudited condensed consolidated financial results for the first quarter ended March 31, 2014. Net revenues in the first quarter were RMB323.9 million (US$52.1 million), exceeded prior guidance by approximately 5.2%, and representing a 40.4% increase year-over-year. Gross profit in the first quarter was RMB98.3 million (US$15.8 million), an increase of 38.0% year-over-year. ChinaCache Internatnl Hldgs Ltd (ADR) (NASDAQ:CCIH) shares moved up 3.99% in last trading session and was closed at $13.02, while trading in range of $12.29 – $13.32. ChinaCache Internatnl Hldgs Ltd (ADR) (NASDAQ:CCIH) year to date (YTD) performance is 46.13%.
Pacific Crest has less confidence in Lifelock Inc (NYSE:LOCK)’s execution following the company’s mobile app issue. The firm recommends that owners of the stock hold it based on a positive risk/reward ratio. However, the firm wants to see more clarity on the regulatory and legal issues facing the company before advocating that investors take new positions in the shares. It keeps an Outperform rating on the shares. Lifelock Inc (NYSE:LOCK) ended the last trading day at $11.34. Company weekly volatility is calculated as 6.20% and price to cash ratio as -44.19. Lifelock Inc (NYSE:LOCK) showed a negative weekly performance of -12.63%.
Investors shouldn’t forget SINA Corp (NASDAQ:SINA) amid all of the hoopla surrounding JD.com’s initial public offering this week. Congratulations are definitely in order for JD.com, the Chinese e-commerce company that price its shares at $19 each, above the expected range of $16-$18, and then saw them close Thursday’s session even higher, at $20.90. SINA Corp (NASDAQ:SINA) net profit margin is 6.80% and weekly performance is -2.41%. On last trading day company shares ended up $46.53. Analysts mean target price for the company is $88.06. SINA Corp (NASDAQ:SINA) distance from 50-day simple moving average (SMA50) is -14.65%.