Rocket Fuel Inc (NASDAQ:FUEL) shares tumbled 21.5 percent to $21.83 after the technology provider for Web-based video advertising forecast current-quarter revenue far below expectations, prompting downgrades from Goldman Sachs and BMO Capital. Rocket Fuel Inc (NASDAQ:FUEL) net profit margin is -8.70% and weekly performance is -32.54%. On last trading day company shares ended up $21.83. Analysts mean target price for the company is $41.56. Rocket Fuel Inc (NASDAQ:FUEL) distance from 50-day simple moving average (SMA50) is -48.33%.
Vornado and five other companies in the Russell 3000 index have ignored majority shareholder votes covering governance changes or uncontested director elections in at least two consecutive years, according to data compiled by the Council of Institutional Investors. Among them were Cablevision Systems Corp. and small mining company Gold Resource Resource Corporation (NYSEMKT:GORO), which retained directors who failed to win a majority of shareholder votes in both 2012 and 2013, CII found. Gold Resource, the company that has continued to seat board members without majority support, says the withheld votes belong to a significant investor with which the company has a business dispute. Gold Resource Corporation (NYSEMKT:GORO) shares fell -3.77% in last trading session and ended the day on $3.57. GORO Gross Margin is 46.30% and its return on assets is 0.10%. Gold Resource Corporation (NYSEMKT:GORO) quarterly performance is -22.22%.
Shares of Mellanox Technologies, Ltd. (NASD:MLNX) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $32.28 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 50.4. A bullish investor could look at Mellanox Technologies, Ltd. (NASDAQ:MLNX)’s 29.7 RSI reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Mellanox Technologies, Ltd. (NASDAQ:MLNX) shares moved down -1.58% in last trading session and was closed at $32.30, while trading in range of $32.09 – $32.78. Mellanox Technologies, Ltd. (NASDAQ:MLNX) year to date (YTD) performance is -19.19%.
Borderfree Inc (NASDAQ:BRDR), a market leader in international cross-border ecommerce, announced financial results for the quarter ended March 31, 2014. Revenue reached a first quarter record of $26.5 million. Ecommerce services revenue increased 19% year over year to a first quarter record of $13.5 million. Fulfillment services revenue decreased, as planned, 10% year over year to $13.1 million. Adjusted EBITDA of $0.7 million. Five new customer wins year to date, including Bed, Bath & Beyond and Marc Jacobs. Closed initial public offering with net proceeds of $85.6 million. “We’re off to a very good start to the year, having closed a record first quarter,” said Michael DeSimone, Chief Executive Officer, Borderfree Inc (NASDAQ:BRDR). Borderfree Inc (NASDAQ:BRDR) ended the last trading day at $12.40. Company weekly volatility is calculated as 14.56% and price to cash ratio as 8.88. Borderfree Inc (NASDAQ:BRDR) showed a negative weekly performance of -15.70%.
Canaccord Genuity restated their buy rating on shares of Cytokinetics Inc (NASDAQ:CYTK) in a research note issued to investors. The firm currently has a $8.00 price target on the stock, down from their previous price target of $9.00. Cytokinetics, Inc. (NASDAQ:CYTK) net profit margin is -78.80% and weekly performance is -4.04%. On last trading day company shares ended up $4.28. Analysts mean target price for the company is $11.86. Rocket Fuel Inc (NASDAQ:FUEL) distance from 50-day simple moving average (SMA50) is -51.24%.