Mitel Networks Corporation (NASDAQ:MITL) gained 15.9% to C$12.17 after saying it would save more money from its merger with Aastra Technologies Ltd. than originally projected. Mitel Networks Corporation (NASDAQ:MITL) weekly performance is 20.18%. On last trading day company shares ended up $10.96. Analysts mean target price for the company is $12.70. Mitel Networks Corporation (NASDAQ:MITL) distance from 50-day simple moving average (SMA50) is 13.34%.
Zhone Technologies Inc (NASDAQ:ZHNE) plunged -20.91% after the company reported its quarterly results. Revenue for the first quarter of 2014 was $28.6 million, compared to $32.3 million for the fourth quarter of 2013 and $28.4 million for the first quarter of 2013. Net income for the first quarter of 2014, calculated in accordance with generally accepted accounting principles (“GAAP”), was $0.3 million or $0.01 per share compared with net income of $1.4 million or $0.04 per share for the fourth quarter of 2013 and net income of $0.2 million or $0.01 per share for the first quarter of 2013. Zhone Technologies Inc (NASDAQ:ZHNE) shares fell -4.58% in last trading session and ended the day on $2.29. ZHNE Gross Margin is 37.70% and its return on assets is 6.50%. Zhone Technologies Inc (NASDAQ:ZHNE) quarterly performance is -42.03%.
Mavenir Systems Inc (NYSE:MVNR) reported financial results for the first quarter 2014 and provided its outlook for the second quarter and updated full year of 2014. Total revenue for the first quarter of 2014 was $28.7 million, an increase of 28% year-over-year and 6% quarter-over-quarter. GAAP operating loss for the first quarter of 2014 was $(2.2) million, compared with $(1.7) million in both the first and fourth quarter of 2013. Non-GAAP operating loss, which excludes stock-based compensation, foreign exchange gains or losses, depreciation and amortization, was $(0.2) million for the first quarter of 2014, compared to $(0.7) million for the first quarter of 2013 and $(0.1) million for the fourth quarter of 2013. Mavenir Systems Inc (NYSE:MVNR) shares moved up 11.66% in last trading session and was closed at $13.69, while trading in range of $12.31 – $14.20 -. Mavenir Systems Inc (NYSE:MVNR) year to date (YTD) performance is 22.67%.
Numerex Corp (NASDAQ:NMRX) a leading provider of interactive and on-demand machine-to-machine (M2M) solutions enabling the Internet of Things (IoT), today announced financial results for its first quarter ended March 31, 2014. Numerex Corp. (NASDAQ:NMRX) ended the last trading day at $11.15. Company weekly volatility is calculated as 5.24% and price to cash ratio as 8.21. Numerex Corp. (NASDAQ:NMRX) showed a positive weekly performance of 7.01%.