Cyan (NYSE:CYNI), a leading provider of software-defined networking (SDN) and packet-optical solutions for network operators on 6 may announced financial results for its first quarter ended March 31, 2014. Revenue for the first quarter of 2014 was $19.0 million compared with $26.3 million in the first quarter of 2013 and $20.9 million for the fourth quarter of 2013. Cyan Inc. (NYSE:CYNI) net profit margin is -35.00% and weekly performance is -23.21%. On last trading day company shares ended up $3.21. Analysts mean target price for the company is $4.07. Cyan Inc. (NYSE:CYNI) distance from 50-day simple moving average (SMA50) is -21.52%.
I.D. Systems (NASDAQ:IDSY) announced its earnings results on Wednesday. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.07, American Banking News reports. The company had revenue of $9.70 million for the quarter, compared to the consensus estimate of $10.65 million. I.D. Systems, Inc. (NASDAQ:IDSY) shares fell -7.19% in last trading session and ended the day on $4.26. IDSY gross Margin is 44.90% and its return on assets is -13.00%.I.D. Systems, Inc. (NASDAQ:IDSY) quarterly performance is -33.85%.
Wedbush initiated coverage on Parametric Sound (NASDAQ:HEAR) with an Outperform rating and a price target of $15.00. Parametric Sound Corp (NASDAQ:HEAR) shares moved up 5.63% in last trading session and was closed at $8.44, while trading in range of $7.99 – $8.47. Parametric Sound Corp (NASDAQ:HEAR) year to date (YTD) performance is -39.06%.
On April 17, 2014, Ambient Corporation (NASDAQ:AMBT) received a letter from the Listing Qualifications Department of the Nasdaq Stock Market indicating that the Company no longer complies with the minimum stockholders’ equity requirement for continued listing on the Nasdaq Capital Market. Ambient Corporation (NASDAQ:AMBT) ended the last trading day at $0.677. Company weekly volatility is calculated as 10.35% and price to cash ratio as 2.58.Ambient Corporation (NASDAQ:AMBT) showed a negative weekly performance of -26.09%.