Sprint Corporation (NYSE:S), said to be near announcing an acquisition agreement with T-Mobile US (NYSE:TMUS), has the radio spectrum resources to shake up the U.S. broadband market by providing new competition to cable TV and phone companies, says Citigroup. Sprint Corporation (NYSE:S) net profit margin is -7.80% and weekly performance is -8.06%. On last trading day company shares ended up $8.78. Analysts mean target price for the company is $7.28. Sprint Corporation (NYSE:S) distance from 50-day simple moving average (SMA50) is -1.08%.
During the recent installment of Asia’s largest computing show, Computex, Microsoft Corporation (NASDAQ:MSFT) announced that it will start selling smartphones and tablets running its software at below $200. According to the Wall Street Journal, citing Microsoft’s vice president of OEM partners, Nick Partner, as the source, “We’ll reach price points that are very industry competitive for 7, 8, 10-inch devices. They will really surprise you. Last year, we were in the 3s, 4s, 500 dollars. This year, we’ll be 1s, 2s, 3s.” Microsoft Corporation (NASDAQ:MSFT) shares advanced 0.66% in last trading session and ended the day on $41.48. Gross Margin is 70.10% and its return on assets is 15.10%. Microsoft Corporation (NASDAQ:MSFT) quarterly performance is 10.23%.
Broadcom Corporation (Nasdaq:BRCM) ripped higher this week after the company announced it is exploring strategic alternatives for its cellular baseband business, including a potential sale or wind-down. The company has engaged investment bank JP Morgan in connection with its efforts. The successful sale or wind-down of the cellular baseband business is currently expected to result in a roughly $700 million reduction in annualized GAAP research and development and selling, general and administrative expenses, of which approximately $100 million relates to estimated reductions in stock-based compensation. Broadcom Corporation (NASDAQ:BRCM) shares moved up 1.10% in last trading session and was closed at $38.02, while trading in range of $37.28 – $38.05. Broadcom Corporation (NASDAQ:BRCM) year to date (YTD) performance is 29.25%.
Flextronics International Ltd (NASDAQ:FLEX) CFO Christopher Collier sold 7,500 shares of the company’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $10.56, for a total value of $79,200.00. Following the transaction, the chief financial officer now directly owns 286,862 shares of the company’s stock, valued at approximately $3,029,263. Flextronics International Ltd. (NASDAQ:FLEX) ended the last trading day at $10.99. Company weekly volatility is calculated as 2.14% and price to cash ratio as 4.04. Flextronics International Ltd. (NASDAQ:FLEX) showed a positive weekly performance of 8.06%.
Sunedison Inc (NYSE:SUNE) has issued $500 million of 0.25% convertible senior notes which are due to mature in 2020. Interest for the convertible notes will be paid semi-annually on Jul 15 and Jan 15 each year. Holders of the convertible notes have the option to convert every $1,000 worth of senior notes into 37.2148 shares of the company putting the conversion price at around $26.87 per share. Sunedison Inc (NYSE:SUNE) net profit margin is -29.60% and weekly performance is -0.36%. On last trading day company shares ended up $19.62. Analysts mean target price for the company is $22.91. Sunedison Inc (NYSE:SUNE) distance from 50-day simple moving average (SMA50) is 4.61%.
Verizon Communications Inc. (NYSE:VZ), the country’s fourth-largest home Internet service provider, sent a letter to Netflix Inc. on Thursday, telling it to stop blaming Verizon for bad video quality or face a lawsuit. Verizon is reacting to messages appearing on the screens of some Netflix subscribers, blaming Internet service providers for poor video quality. Verizon Communications Inc. (NYSE:VZ) shares advanced 0.28% in last trading session and ended the day on $49.42. Gross Margin is 63.00% and its return on assets is 5.40%. Verizon Communications Inc. (NYSE:VZ) quarterly performance is 5.98%.