LogMeIn Inc. (NASDAQ:LOGM) shares are flying high in the current trading session after the company posted an adjusted profit of $5.50 million or $0.22 per share for the first quarter that surpassed analysts’ estimate of $0.21 per share. LogMeIn Inc. (NASDAQ:LOGM) shares after opening at $44.53 moved to $47.69 on last trade day and at the end of the day closed at $45.45. Company price to sales ratio in past twelve months was calculated as 7.02 and price to cash ratio as 6.16. LogMeIn Inc. (NASDAQ:LOGM) showed a positive weekly performance of 10.96%.
CommScope Holding Company, Inc. (NASDAQ:COMM), a global provider of connectivity and essential infrastructure solutions for wireless, business enterprise and residential broadband networks, reported sales of $935 million and net income of $64 million or $0.34 per diluted share for the quarter ended March 31, 2014. Non-GAAP adjusted net income was $95 million or $0.50 per diluted share. A reconciliation of reported GAAP results to non-GAAP results is attached. Commscope Holding Company Inc. (NASDAQ:COMM) shares advanced 5.29% in last trading session and ended the day on $26.68. COMM return on equity ratio is recorded as 4.00% and its return on assets is 0.70%.
Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) witnessed a record surge in its shares as the semi-conductor and power module device company reported an above par second quarter financial performance and projected a stronger revenue guidance for the year. Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) shares moved up 7.92% in last trading session and was closed at $14.71, while trading in range of $13.40 – $14.85. Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) year to date (YTD) performance is 10.60%.
Weibo Corp (ADR) (NASDAQ:WB) a micro-blog service of SINA Corp. (SINA), is feeling the effects of the government crackdown following the revocation of SINA’s license to publish video content on the web, after pornography was discovered on the online platform. Weibo Corp (ADR) (NASDAQ:WB) weekly performance is -8.64%. On last trading day company shares ended up $19.56. Weibo Corp (ADR) (NASDAQ:WB) distance from 50-day simple moving average (SMA50) is -3.92%. Analysts mean target price for the company is $25.00.