Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) has completed the sale of its handset business to Microsoft Corporation (NASDAQ:MSFT). Nokia’s handset unit has increased component orders from Asian suppliers.Asian panel maker such as Chunghwa Picture Tubes (CPT), Japan Display, Innolux, and touch panel makers GIS and Wintek have received increased orders from Nokia.Nokia Corporation (ADR) (NYSE:NOK) net profit margin is -9.50%and weekly performance is 2.34%.On last trading day company shares ended up $7.44. Analysts mean target price for the company is $8.07. Nokia Corporation (ADR) (NYSE:NOK) distance from 50-day simple moving average (SMA50) is -0.28%.
Mitel Networks Corporation (NASDAQ:MITL) is surging in the market after making impressive traction in the first quarter in the cloud business, seen by solid revenue performance. The company added an additional 21,000 recurring cloud revenue seats into its business in the quarter, representing a 73% growth on a year over year basis. Mitel Networks Corporation (NASDAQ:MITL) shares advanced 8.03% in last trading session and ended the day on $11.70. Mitel Networks Corporation (NASDAQ:MITL) quarterly performance is 32.50%.
InfoSonics Corporation (NASDAQ:IFON) shares moved up 10.73% in last trading session and was closed at $1.96, while trading in range of $1.77 -$ 2.01. InfoSonics Corporation (NASDAQ:IFON) year to date (YTD) performance is 28.10%.
After meeting with Allot Communications Ltd (NASDAQ:ALLT), Oppenheimer thinks that the company’s traction with value added services is at all-time highs. The firm keeps an $18 price target and Outperform rating on the shares. Allot Communications Ltd (NASDAQ:ALLT) ended the last trading day at $13.10. Company weekly volatility is calculated as 4.32%. Allot Communications Ltd (NASDAQ:ALLT) showed a negative weekly performance of -0.38%.