The long wait is finally over, Nokia Corporation (ADR) (NYSE:NOK) can finally heave a sigh of relief after its merger agreement with Microsoft was given the green light by Chinese Authorities. Nokia Corporation (ADR) (NYSE:NOK) shares after opening at $7.49 moved to $7.59 on last trade day and at the end of the day closed at $7.41. Company price to sales ratio in past twelve months was calculated as 0.80 and price to cash ratio as 3.75. Nokia Corporation (ADR) (NYSE:NOK) showed a positive weekly performance of 0.82%.
Stock analysts at Canaccord Genuity boosted their target price on shares of QUALCOMM (NASDAQ:QCOM) from $86.00 to $90.00 in a report issued on Thursday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price would indicate a potential upside of 14.61% from the stock’s previous close. QUALCOMM, Inc. (NASDAQ:QCOM) shares fell -0.08% in last trading session and ended the day on $78.01. QCOM return on equity ratio is recorded as 18.40% and its return on assets is 14.70%. QUALCOMM, Inc. (NASDAQ:QCOM) yearly performance is 19.37%.
Alcatel Lucent SA (ADR) (NYSE:ALU), a $10.72 billion organization engaged in communications network solutions, announced a new app which can monitor energy usage trend in networks. Alcatel Lucent SA (ADR) (NYSE:ALU) shares moved down -1.05% in last trading session and was closed at $3.77, while trading in range of $3.70 – $3.82. Alcatel Lucent SA (ADR) (NYSE:ALU) year to date (YTD) performance is -14.32%.
Barracuda Networks, Inc. (NYSE:CUDA), announced that it has been ranked number one in integrated purpose built backup appliance (PBBA) units shipped worldwide with 53.5% market share for 2013 as reported by the IDC Worldwide Quarterly Purpose Built Backup Appliance (PBBA) Tracker, March 2014. Barracuda Networks Inc. (NYSE:CUDA) weekly performance is -9.63%. On last trading day company shares ended up $27.79. Barracuda Networks Inc. (NYSE:CUDA) distance from 50-day simple moving average (SMA50) is -19.21%. Analysts mean target price for the company is $40.25.