NetApp, Inc. (NASDAQ:NTAP) hosted a grand-opening celebration for its new state-of-the-art, energy-efficient research and development lab located in Research Triangle Park (RTP), North Carolina. The celebration also marks the 15-year anniversary of NetApp in the RTP region. NetApp Inc. (NASDAQ:NTAP) net profit margin is 10.10% and weekly performance is 2.35%. On last trading day company shares ended up $37.01. Analysts mean target price for the company is $38.69. NetApp Inc. (NASDAQ:NTAP) distance from 50-day simple moving average (SMA50) is 3.18%.
IAC/InterActiveCorp (NASDAQ:IACI) has received an average rating of “Hold” from the fifteen analysts that are covering the company, Stock Ratings News reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $70.69. IAC/InterActiveCorp (NASDAQ:IACI) shares advanced 0.18% in last trading session and ended the day on $66.21. IACI Gross Margin is 68.40% and its return on assets is 6.70%. IAC/InterActiveCorp (NASDAQ:IACI) quarterly performance is -14.28%.
Brocade Communications Systems (NASDAQ:BRCD) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 14,174,080 shares, a growth of 117.7% from the April 30th total of 6,510,174 shares, Analyst Ratings Network.com reports. Based on an average trading volume of 9,323,496 shares, the days-to-cover ratio is currently 1.5 days. Approximately 3.3% of the shares of the stock are short sold. Brocade Communications Systems, Inc. (NASDAQ:BRCD) shares moved up 1.33% in last trading session and was closed at $9.12, while trading in range of $8.94 – $9.19. Brocade Communications Systems, Inc. (NASDAQ:BRCD) year to date (YTD) performance is 2.82%.
Quantum Corp (NYSE:QTM) announced that Belgium-based SONUMA (SOciete de NUMerisation et de commercialisation des Archives audiovisuelles) has chosen Quantum’s StorNext 5 content workflow solutions to help with a large-scale digitization and digital restoration project. Founded in 2009, SONUMA is a subsidiary of RTBF (Radio Television Belge Francophone) and Federation Wallonie-Bruxelles in the Walloon region of Belgium. As the owner of RTBF’s TV and radio archives, SONUMA’s mission is to preserve, digitize and monetize these archives, which are currently stored in a wide range of media formats including 16mm film, Beta SP and digital cassette, CD and DAT. Quantum Corp (NYSE:QTM) ended the last trading day at $1.14. Company weekly volatility is calculated as 2.51% and price to cash ratio as 2.86. Quantum Corp (NYSE:QTM) showed a positive weekly performance of 3.64%.
On MAy 15, Deutsche Telekom AG (ADR) (OTCMKTS:DTEGY) noted that U.S. competition authorities would play a resolute part in the future of its T-Mobile U.S. division, according to Reuters, citing comments from Deutsche Telekom CEO Tim Hoettges. The company’s quick-growing U.S. division has caught the attention of Japan’s Softbank (SFTBF), which has shown interest in merging the business with its own U.S. telecoms arm, Sprint (S). Deutsche Telekom AG (ADR) (OTCMKTS:DTEGY) shares moved up 1.33% in last trading session and was closed at $16.80, while trading in range of $16.73 – $16.89.