Marvell Technology Group Ltd. (NASDAQ:MRVL) a global leader in integrated silicon solutions, reported financial results for the first quarter of fiscal year 2015, ended May 3, 2014. Revenue for the first quarter of fiscal 2015 was $958 million, an increase of 3 percent from $932 million in the fourth quarter of fiscal 2014, ended February 1, 2014, and a 30 percent increase from revenue of $734 million in the first quarter of fiscal 2014, ended May 4, 2013. Marvell Technology Group Ltd. (NASDAQ:MRVL) net profit margin is 9.30% and weekly performance is 2.63%. On last trading day company shares ended up $15.59. Analysts mean target price for the company is $16.52. Marvell Technology Group Ltd. (NASDAQ:MRVL) distance from 50-day simple moving average (SMA50) is -0.44%.
Brocade Communications Systems, Inc (NASDAQ:BRCD) reported financial results for its second fiscal quarter ended May 3, 2014. Brocade reported second quarter revenue of $537 million, flat year-over-year and down 5% quarter-over-quarter. The company reported a GAAP loss per share of $(0.03), compared with a profit of $0.10 per share in Q2 2013. The GAAP loss was due to an $83 million non-cash goodwill impairment charge associated with the strategic repositioning of the ADX product family. More information on this subject is provided in the highlights section below. Non-GAAP diluted EPS was $0.19, up from $0.17 in Q2 2013, principally due to higher gross margins and lower operating expenses. Brocade Communications Systems, Inc. (NASDAQ:BRCD) shares advanced 0.46% in last trading session and ended the day on $8.65. Gross Margin is 64.00% and its return on assets is 8.70%. Brocade Communications Systems, Inc. (NASDAQ:BRCD) quarterly performance is -9.23%.
DryShips Inc. (NASDAQ:DRYS), or DryShips or the Company, an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean Rig, of offshore deepwater drilling services, announced its unaudited financial and operating results for the first quarter ended March 31, 2014. Non-cash write-offs and redemption costs associated with the full refinancing of Ocean Rig’s $500.0 million 9.5% senior unsecured notes due 2016, totaling $32.6 million or $0.08 per share. The Company reported Adjusted EBITDA of $201.2 million for the first quarter of 2014, as compared to $112.0 million for the first quarter of 2013. DryShips Inc. (NASDAQ:DRYS) shares moved up 0.99% in last trading session and was closed at $3.06, while trading in range of $3.00 – $3.09. DryShips Inc. (NASDAQ:DRYS) year to date (YTD) performance is -34.89 %.
New York & Company, Inc. (NYSE:NWY) a specialty apparel chain with 506 retail stores, announced results for the first quarter ended May 3, 2014. For the first quarter of fiscal year 2014, net sales were $219.6 million, as compared to $227.5 million for the first quarter of fiscal year 2013. This includes the impact of 12 fewer stores in operation during the first quarter versus last year, as part of the Company’s on-going real estate optimization strategy. Comparable store sales for the first quarter of fiscal year 2014 decreased 2.2%. New York & Company, Inc. (NYSE:NWY) ended the last trading day at $4.36. Company weekly volatility is calculated as 3.27% and price to cash ratio as 3.98. New York & Company, Inc. (NYSE:NWY) showed a positive weekly performance of 2.83%.
Aruba Networks, Inc. (NASDAQ:ARUN) released financial results for its third quarter of fiscal year 2014 ended April 30, 2014. Record revenue of $188.8 million grew 28 percent from the $147.1 million reported in Q3’13. GAAP net loss for Q3’14 was $6.4 million, a loss of $0.06 per share, compared with GAAP net loss of $20.2 million, or $0.18 per share, in Q3’13. Aruba Networks, Inc. (NASDAQ:ARUN) net profit margin is -8.50% and weekly performance is 5.63%. On last trading day company shares ended up $20.06. Analysts mean target price for the company is $23.52. Aruba Networks, Inc. (NASDAQ:ARUN) distance from 50-day simple moving average (SMA50) is 2.01%.