Sonus Networks , Inc. (NASDAQ:SONS) a global leader in SIP communications, announced its participation in the following investor conferences: On Wednesday, May 7, Ray Dolan, President and Chief Executive Officer and Mark Greenquist, Chief Financial Officer, will present at the Jefferies 2014 Global Technology, Media and Telecommunications Conference in Miami, FL. The discussion will begin at 10:00 a.m. Eastern Time and will last approximately 30 minutes. Sonus Networks, Inc. (NASDAQ:SONS) shares after opening at $3.20 moved to $3.46 on last trade day and at the end of the day closed at $3.27 . Company price to sales ratio in past twelve months was calculated as 2.85 and price to cash ratio as 5.09. Sonus Networks, Inc. (NASDAQ:SONS) showed a positive weekly performance of 3.81%.
NQ Mobile Inc (ADR) (NYSE:NQ) the Chinese mobile-service provider accused by short seller Carson Block of overstating revenue, jumped as much as 21 percent after saying an ongoing investigation has found no evidence of fraud so far. NQ Mobile Inc (ADR) (NYSE:NQ) shares advanced 10.75% in last trading session and ended the day on $12.36. NQ on equity ratio is recorded as 2.80% and its return on assets is 2.40%. NQ Mobile Inc (ADR) (NYSE:NQ) yearly performance is 43.22%.
Power Integrations Inc (Nasdaq:POWI) announced financial results for the quarter ended March 31, 2014. Net revenues for the quarter were $83.1 million, eight percent lower than the prior quarter and up eight percent from the first quarter of 2013. GAAP net income for the quarter was $12.4 million or $0.40 per diluted share, compared with $0.52 per diluted share in the prior quarter and $0.37 per diluted share in the first quarter of 2013. GAAP gross margin for the first quarter was 55.3 percent; operating margin was 15.3 percent. Power Integrations Inc (NASDAQ:POWI) shares moved down -19.15% in last trading session and was closed at $47.23 while trading in range of $38.07 – $48.21 – Power Integrations Inc (NASDAQ:POWI) year to date (YTD) performance is -15.25%.
Weibo Corp (ADR) (NASDAQ:WB) announced that trading of Weibo Corporation (WB), a leading social media platform in China that allows users to create, distribute and discover Chinese-language content, commenced on The NASDAQ Global Select Market. Since 2009, Weibo has amassed a large user base in China and in Chinese communities in more than 190 countries. As a microcosm of Chinese society, Weibo has attracted a wide range of users, including ordinary people, celebrities and other public figures, as well as organizations such as media outlets, businesses, government agencies and charities. 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.