Research analysts at Jefferies Group increased their price objective on shares of Electronic Arts Inc (NASDAQ:EA) from $25.00 to $31.00 in a report released on Friday, American Banking News reports. Jefferies Group’s price objective would suggest a potential downside of 9.57% from the company’s current price. Electronic Arts Inc. (NASDAQ:EA) net profit margin is -1.00% and weekly performance is 23.23%. On last trading day company shares ended up $35.12. Analysts mean target price for the company is $30.82. Electronic Arts Inc. (NASDAQ:EA) distance from 50-day simple moving average (SMA50) is 21.44%.
Mitel Networks Corporation (NASDAQ:MITL) is surging in the market after making impressive traction in the first quarter in the cloud business, seen by solid revenue performance. The company added an additional 21,000 recurring cloud revenue seats into its business in the quarter, representing a 73% growth on a year over year basis. Mitel Networks Corporation (NASDAQ:MITL) shares fell -1.19% in last trading session and ended the day on $ 10.83. Mitel Networks Corporation (NASDAQ:MITL) quarterly performance is 22.65%.
Covington-based satellite phone company Globalstar Inc. (NYSEMKT:GSAT)’s said Wednesday its SPOT LLC products have been used in 3,000 rescues worldwide. The service launched in 2007 provides satellite-based connectivity and real-time GPS tracking. SPOT has more than 200,000 units in service. Thr 3,000th rescue occurred in the Hayman Fire area of central Colorado. Two dirt bikers were outside of cell range when an accident occurred. One of the riders activated the SOS button on his SPOT Satellite GPS Messenger. Globalstar, Inc. (NYSEMKT:GSAT) shares moved up 4.28% in last trading session and was closed at $3.17, while trading in range of $ 3.00 – $3.18 -. Globalstar, Inc. (NYSEMKT:GSAT) year to date (YTD) performance is 13.21%.
Cincinnati Bell Inc. (NYSE:CBB) announced financial results for the first quarter of 2014, highlighted by year-over-year growth in both Wireline revenue and Adjusted EBITDA1. Customer demand for strategic products generated revenue of $101 million from these products, more than offsetting wireless and legacy product declines. Cincinnati Bell Inc. (NYSE:CBB) ended the last trading day at $3.76. Company weekly volatility is calculated as 7.12% and price to cash ratio as 170.63. Cincinnati Bell Inc. (NYSE:CBB) showed a positive weekly performance of 11.90%.