EMC Corporation (NYSE:EMC) is all set to purchase DSSD, a flash storage developer, though the company has not yet disclosed the terms and conditions of the deal. This transaction is expected to get executed in a couple of months time and will not leave any impact on the earnings of the fiscal year ending 31st December. EMC is a good stock to buy, says TheStreetRating Team which is a well known rating agency. The firm has given a ‘buy’ recommendation to the firm. EMC Corporation (NYSE:EMC) net profit margin is 11.60% and weekly performance is 3.18%. On last trading day company shares ended up $26.25. Analysts mean target price for the company is $30.07. EMC Corporation (NYSE:EMC) distance from 50-day simple moving average (SMA50) is -1.61%.
Fujitsu Limited (ADR) (OTCMKTS:FJTSY) the leading information and communication technology (ICT) company, announced the launch of the FUJITSU Storage ETERNUS DX200F, an all-Flash storage array that provides high-performance storage I/O for entry-level to Fortune 1000 enterprise customers. Fujitsu Limited (ADR) (OTCMKTS:FJTSY) shares advanced 0.31% in last trading session and ended the day on $32.07 .
Brocade Communications Systems, Inc (NASDAQ:BRCD) at OpenStack Summit announced a proposal for a new OpenStack service to support inter-data center multitenancy. For companies with multiple data centers, it provides a more flexible and automated solution that addresses the challenge of maintaining connectivity and policy context for virtual machines migrating between data centers. This proposal is the first effort of its kind and addresses a key challenge for companies using multiple data centers as a distributed pool of on-demand resources. Brocade Communications Systems, Inc. (NASDAQ:BRCD) was closed at $8.47, while trading in range of $8.47 – $8.56. Brocade Communications Systems, Inc. (NASDAQ:BRCD) year to date (YTD) performance is -4.51%.
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Overland Storage, Inc (NASDAQ:OVRL) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Sphere 3D Corporation (“Sphere 3D”) (OTC QX: SPIHF), in a transaction valued at approximately $81.1 million. Overland Storage Inc (NASDAQ:OVRL) ended the last trading day at $3.60. Company weekly volatility is calculated as 12.19% and price to cash ratio as 6.54. Overland Storage Inc (NASDAQ:OVRL) showed a positive weekly performance of 36.88%.
Quantum Corp. (NYSE:QTM) announced that President and CEO Jon Gacek and CFO Linda Breard will conduct one-on-one meetings with investors at the 11th Annual Craig-Hallum Institutional Investor Conference to be held at the Minneapolis Marriott City Center on Wednesday, May 28, 2014. Quantum Corp (NYSE:QTM) net profit margin is -3.80% and weekly performance is 7.34%. On last trading day company shares ended up $1.17. Analysts mean target price for the company is $1.81. Quantum Corp (NYSE:QTM) distance from 50-day simple moving average (SMA50) is 2.02%.