Ubiquiti Networks Inc. (NASDAQ:UBNT) on 30 may announced that its board of directors authorized a $75 million share repurchase program to buy back its common stock. The program scheduled to start from Jun 2, 2014. Ubiquiti Networks Inc. (NASDAQ:UBNT) net profit margin is 30.20% and weekly performance is 5.84%. On last trading day company shares ended up $37.00. Analysts mean target price for the company is $49.55. Ubiquiti Networks Inc. (NASDAQ:UBNT) distance from 50-day simple moving average (SMA50) is -3.63%.
XG Technology Inc (NASDAQ:XGTI) has announced through a recent press release that it was awarded an all-new patent for the innovative interference mitigation techniques. Just prior to this, the XG had announced a patent grant for cognitive radio award. XG Technology Inc. (NASDAQ:XGTI) shares fell -1.60% in last trading session and ended the day on $1.84. XG Technology Inc. (NASDAQ:XGTI) quarterly performance is -43.21%.
Berenberg Bank cut shares of Portugal Telecom, SGPS (NYSE:PT) from a buy rating to a hold rating in a research report sent to investors on Thursday morning. Portugal Telecom, SGPS (ADR) (NYSE:PT) shares moved up 3.50% in last trading session and was closed at $3.84, while trading in range of $3.83 – $3.92. Portugal Telecom, SGPS (ADR) (NYSE:PT) year to date (YTD) performance is -7.69%.
Alteva Inc. (NYSEMKT:ALTV), a premier provider of hosted Unified Communications, is proud to sponsor the 2K Networking grand opening event. 2K Networking, Inc., a trusted Alteva partner and leading technology solution provider, is opening their new headquarters at 27 Miller Street in Lemoyne, PA. The newly renovated 15,000 square foot building has allowed 2K Networking to custom build a secure Data Center to meet the evolving technology demands of customers throughout the Central Pa. region. Alteva Inc. (NYSEMKT:ALTV) ended the last trading day at $7.04. Company weekly volatility is calculated as 3.59% and price to cash ratio as 18.64.Alteva Inc. (NYSEMKT:ALTV) showed a negative weekly performance of -0.14%.
On May 21, 2014, United Online, Inc. (NASDAQ:UNTS) entered into an Office Lease with LNR Warner Center IV, LLC (the “Landlord”), for 29,576 rentable square feet located at 21255 Burbank Boulevard, Woodland Hills, California (the “Lease”), which the Company intends to occupy as its new headquarters office. United Online, Inc. (NASDAQ:UNTD) net profit margin is -38.00% and weekly performance is -6.14%. On last trading day company shares ended up $10.25. Analysts mean target price for the company is $19.88. United Online, Inc. (NASDAQ:UNTD) distance from 50-day simple moving average (SMA50) is -7.86%.