On May 22, Aeroflex Holding Corp. (NYSE:ARX) was downgraded by stock analysts at Needham & Company LLC from a “buy” rating to a “hold” rating. They currently have a $10.50 price target on the stock, up from their previous price target of $10.00. Aeroflex Holding Corp. (NYSE:ARX) net profit margin is -10.30% and weekly performance is 27.48%. On last trading day company shares ended up $10.53. Analysts mean target price for the company is $10.00. Aeroflex Holding Corp. (NYSE:ARX) distance from 50-day simple moving average (SMA50) is 25.59%.
On May 22, Gogo Inc (NASDAQ:GOGO) a leading aircraft communications service provider to the global aviation industry, announced that it has received an STC from the FAA and certification from the Japanese Civil Aviation Bureau (JCAB) – the aviation authority in Japan – to install Gogo’s Ku-satellite based connectivity service on Japan Airlines’ 767-300 aircraft. The 767-300 is the third aircraft type in JAL’s fleet to receive FAA and JCAB approval for installation. Gogo Inc (NASDAQ:GOGO) shares fell -0.30% in last trading session and ended the day on $16.38. Gross Margin is 47.90% and its return on assets is -23.70 %. Gogo Inc (NASDAQ:GOGO) quarterly performance is -16.09%.
On May 21, Trina Solar Limited (ADR) (NYSE:TSL)’s shares dropped 1.99% to $13.29. The company on May 21 announced its unaudited financial results for the first quarter of 2014. Net revenues in the first quarter of 2014 were $444.8 million, a decrease of 15.4% sequentially and an increase of 70.9% year-over-year. Net interest expense in the first quarter of 2014 was $8.7 million, compared to $8.2 million in the fourth quarter of 2013 and $13.2 million in the first quarter of 2013. Consequently, net income was $26.5 million in the first quarter of 2014, compared to $15.3 million in the fourth quarter of 2013 and a net loss of $63.7 million in the first quarter of 2013. Trina Solar Limited (ADR) (NYSE:TSL) shares moved up 0.31% in last trading session and was closed at $12.87, while trading in range of $12.67 – $13.32. Trina Solar Limited (ADR) (NYSE:TSL) year to date (YTD) performance is -5.85%.
On May 22, Zendesk Inc (NYSE:ZEN) major shareholder Benchmark Capital Management C bought 235,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were purchased at an average price of $9.00 per share, for a total transaction of $2,115,000.00. Zendesk Inc (NYSE:ZEN) ended the last trading day at $16.36. Company weekly volatility is calculated as 10.83% and price to cash ratio as 18.67. Zendesk Inc (NYSE:ZEN) showed a positive weekly performance of 7.28%.
On May 22, Castlight Health, Inc. (NYSE:CSLT) a pioneer of the Enterprise Healthcare Cloud, announced that Co-Founder and Chief Executive Officer Dr. Giovanni Colella will present at the Raymond James Internet/Software Crossover Conference at The Fairmont in San Francisco. Castlight Health’s presentation is scheduled for Thursday, May 29, 2014 at 11:30 a.m. Pacific Time and will be webcast live. An archive of the presentation will be available for a week and will be accessible at www.castlighthealth.com in the Investor Relations section. Castlight Health Inc (NYSE:CSLT) weekly performance is 10.45%. On last trading day company shares ended up $17.23. Analysts mean target price for the company is $16.25. Castlight Health Inc (NYSE:CSLT) distance from 50-day simple moving average (SMA50) is -12.48%.