On May 1, Dataram Corporation (NASDAQ:DRAM) announced it has signed an amendment (the “Amendment”) to its financing agreement (the “Financing Agreement”) with Rosenthal & Rosenthal, Inc. The Amendment allows the Company to borrow against its inventory balances based on prescribed formulas. The maximum borrowing capacity under the Financing Agreement remains at $3,500,000. Management believes the $3,500,000 will be sufficient for the next twelve months. Dataram Corporation (NASDAQ:DRAM) net profit margin is -12.60% and weekly performance is 0.38%. On last trading day company shares ended up $2.65. Dataram Corporation (NASDAQ:DRAM) distance from 50-day simple moving average (SMA50) is -7.44%.
On May 29, Crossroads Systems, Inc. (NASDAQ:CRDS) a global provider of data protection solutions, today announced the availability of StrongBox® DataManager, the newest component of the award-winning StrongBox shared storage solution for data protection and preservation. StrongBox DataManager is specifically designed to solve the two most common challenges for IT managers: reducing costs and eliminating the complexity of NAS filers. Crossroads Systems, Inc. (NASDAQ:CRDS) shares fell -1.20% in last trading session and ended the day on $2.46. Gross Margin is 78.80% and its return on assets is -116.40%. Crossroads Systems, Inc. (NASDAQ:CRDS) quarterly performance is 8.37%.
Datalink Corporation (NASDAQ:DTLK) which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in DTLK. Datalink Corporation (NASDAQ:DTLK) shares moved up 0.54% in last trading session and was closed at $9.28, while trading in range of $9.10 – $9.40. Datalink Corporation (NASDAQ:DTLK) year to date (YTD) performance is -14.86%.
Imation Corp. (NYSE:IMN) has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at IMN given that, according to its RSI reading of 26.75, it is now in oversold territory. Imation Corp. (NYSE:IMN) ended the last trading day at $3.43. Company weekly volatility is calculated as 3.83% and price to cash ratio as 1.14. Imation Corp. (NYSE:IMN) showed a negative weekly performance of -7.55%.
On May 27, Emulex Corporation (NYSE:ELX) will present to investors attending the Needham Growth Conference on Wednesday, June 4, 2014 at 8:30 a.m. Pacific time. Emulex President and Chief Executive Officer, Jeff Benck will host the presentation. The presentation can be heard and viewed live on the Internet via a webcast at www.emulex.com. The archived version of Emulex’s presentation will be available for seven days following the conference in the audio archive section of the Company’s website. Emulex Corporation (NYSE:ELX) net profit margin is -4.90% and weekly performance is 3.08%. On last trading day company shares ended up $5.36. Analysts mean target price for the company is $6.72. Emulex Corporation (NYSE:ELX) distance from 50-day simple moving average (SMA50) is -16.74%.