Facebook Inc (NASDAQ:FB) is developing its own video-chat app, known as ‘Slingshot’, after its failed attempt to acquire mobile messaging startup Snapchat, the Financial Times reported on Sunday. Facebook has been working for several months on the planned video-chat app, which would allow users to send short video messages using a touch-screen, the FT said, citing people familiar with its plans. Slingshot could be launched this month, the paper cited one source as saying, while noting that Facebook might ultimately decide not to proceed with the launch of the app. Facebook Inc (NASDAQ:FB) net profit margin is 21.40% and weekly performance is 1.36%. On last trading day company shares ended up $58.02. Analysts mean target price for the company is $77.76. Facebook Inc (NASDAQ:FB) distance from 50-day simple moving average (SMA50) is -6.49%.
MeetMe Inc (NASDAQ:MEET) was upgraded by analysts at Northland Securities to an “outperform” rating in a research report issued to clients and investors on Wednesday,StockRatingsNetwork.com reports. MeetMe Inc (NASDAQ:MEET) shares fell -8.29% in last trading session and ended the day on $1.88. Its return on assets is -7.30%. MeetMe Inc (NASDAQ:MEET) quarterly performance is -29.32%.
Monotype Imaging Holdings Inc. (NASDAQ:TYPE), a venerable firm with a library of 18,000 typefaces, is relocating to large offices within Unicorn Park, a six-building office park in Woburn. The plan is to move Jan. 1 from 38,380 square feet of space at 500 Unicorn Park Drive to 42,250 square feet in 600 Unicorn Park Drive. Cushman & Wakefieldexecutive directors Richard Ruggiero and Torin Taylor represented Monotype in the relocation lease transaction while the building’s owner, National Development, was represented by Cushman & Wakefield’s executive director Matt Adams and director Rory Walsh. Monotype Imaging Holdings Inc. (NASDAQ:TYPE) shares moved up 0.88% in last trading session and was closed at $26.37, while trading in range of $25.98 – $26.37. Monotype Imaging Holdings Inc. (NASDAQ:TYPE) year to date (YTD) performance is -17.00%.
West Corp (NASDAQ:WSTC) a leading provider of technology-driven communication services, announced it has entered into an agreement to acquire Health AdvocateTM, Inc., the nation’s leading independent provider of healthcare advocacy services. West Corp (NASDAQ:WSTC) ended the last trading day at $24.71. Company weekly volatility is calculated as 2.39% and price to cash ratio as 8.04. West Corp (NASDAQ:WSTC) showed a positive weekly performance of 2.79%.
Citrix Systems, Inc. (NASDAQ:CTXS) announced that executives will attend two upcoming investor conferences. David Henshall, chief operating officer and chief financial officer, will present at the JP Morgan Global Technology, Media, and Telecom Conference in Boston on May 19, at 9:00 a.m. Eastern. Citrix Systems, Inc. (NASDAQ:CTXS) net profit margin is 11.20% and weekly performance is 0.88 %. On last trading day company shares ended up $60.47. Analysts mean target price for the company is $65.38. Citrix Systems, Inc. (NASDAQ:CTXS) distance from 50-day simple moving average (SMA50) is 2.79%.