Telefonica S.A. (ADR) (NYSE:TEF) announced that it has submitted a binding offer for the acquisition of 22% of the share capital of Distribuidora de Televisión Digital, SA owned by Mediaset España Comunicación, S.A. for 295 million euros. Mediaset would be also entitled to receive 10 million euros, in the event that Telefónica closes the acquisition of the 56% stake of DTS held by Promotora de Informaciones, S.A., or PRISA, and, in that case, an amount of up to 20 million euros depending on the evolution of the pay-TV customers in Spain of the Telefónica Group during the 4 years following the closing of the acquisition by Telefónica of the 56% stake of DTS held by PRISA. Telefonica S.A. (ADR) (NYSE:TEF) net profit margin is 7.90% and weekly performance is -0.36%. On last trading day company shares ended up $16.84. Analysts mean target price for the company is $ 13.00. Telefonica S.A. (ADR) (NYSE:TEF)distance from 50-day simple moving average (SMA50) is 3.46%.
On May 23, 2014, NetEase, Inc (ADR) (NASDAQ:NTES) announced that, according to Internet research firm iResearch, the NetEase Mobile News application was the No. 1 mobile news application used by consumers in China in terms of time spent. According to iResearch data, users in China spent a daily aggregate average of 600 million minutes using mobile news applications on the iOS and Android platforms in March 2014, a figure that has doubled since the same period in the previous year. The iResearch data shows that the NetEase Mobile News application was the leader in this market and was used by as many as 35% of all mobile news app users on the iOS platform in the first quarter of 2014. NetEase, Inc (ADR) (NASDAQ:NTES) shares advanced 0.77% in last trading session and ended the day on $75.70. NTES Gross Margin is 73.10% and its return on assets is 18.90%. NetEase, Inc (ADR) (NASDAQ:NTES) quarterly performance is 15.36%.
On June 12, 2014, Orange Business Services, a global communications solutions provider, signed a Memorandum of Understanding to join the Equinix Inc (NASDAQ:EQIX)Cloud Exchange, launched in April 2014. Orange Business Services plans to offer Business VPN Galerie, its managed cloud-ready network solution, to enterprises in selected International Business Exchanges™ (IBX®) data centers across North America, Europe and Asia-Pacific via the Exchange. Orange Business Services’ objective is to support multinational companies’ cloud transformation on a global scale, facilitating highly secure access to major cloud application providers. Equinix Inc (NASDAQ:EQIX) shares moved up 0.03% in last trading session and was closed at $206.97, while trading in range of $206.19 – $2083.46. Equinix Inc (NASDAQ:EQIX) year to date (YTD) performance is 16.58%.
Goldman downgraded Coupons.Com Inc (NYSE:COUP) due to rich valuation and believes 2H acceleration is reflected in shares. Price target remains $19. Coupons.Com Inc (NYSE:COUP) ended the last trading day at $27.00. Company weekly volatility is calculated as 6.66% and price to cash ratio as 9.48. Coupons.Com Inc (NYSE:COUP) showed a positive weekly performance of 8.52%.
On June 9, Ixia (NASDAQ:XXIA) unveiled the world’s first proof of concept 400Gb/s Higher Speed Ethernet test solution that will enable its customers to meet the growing bandwidth requirements of the ever-evolving data network. Building on the company’s market leadership with the first 40 and 100GbE testing solutions, Ixia has successfully completed the industry’s first 400GbE interoperability test with Ciena, a global provider of open, programmable networking platforms and software. Ixia (NASDAQ:XXIA) shares moved up 0.08% in last trading session and was closed at $12.08, while trading in range of $11.96 – $12.16. Ixia (NASDAQ:XXIA) year to date (YTD) performance is -9.24%.