Ericsson (ADR) (NASDAQ:ERIC) appointed heads of the recently announced new business units, business unit Radio and business unit Cloud & IP. The two units are formed by a split of the current business unit Networks in a move to accelerate transformation and support growth. Ericsson (ADR) (NASDAQ:ERIC) net profit margin is 5.80% and weekly performance is -0.64%. On last trading day company shares ended up $12.34. Analysts mean target price for the company is $14.08. Ericsson (ADR) (NASDAQ:ERIC) distance from 50-day simple moving average (SMA50) is -1.07%.
Telecommunications-equipment maker Alcatel-Lucent SA (ADR) (NYSE:ALU) has opened exclusive talks to sell a small cybersecurity unit to French security firm Thales SA, the two companies said on Thursday. The potential deal will be Alcatel’s latest asset sale as it tightens its focus to a handful of core businesses. Alcatel Lucent SA (ADR) (NYSE:ALU) shares fell -2.83% in last trading session and ended the day on $3.78. Gross Margin is 32.20% and its return on assets is -7.80%. Alcatel Lucent SA (ADR) (NYSE:ALU) quarterly performance is -11.27%.
Micron Technology, Inc. (NASDAQ:MU) is on a roll of late due to a rise in the prices of NAND and DRAM this year. Most of the manufacturers have decided to decrease the supply, which in turn has helped memory chip makers to deliver positive results after a disappointing period in the last year. Micron Technology, Inc. (NASDAQ:MU) shares moved up 0.67% in last trading session and was closed at $27.17, while trading in range of $26.87 – $27.39. Micron Technology, Inc. (NASDAQ:MU) year to date (YTD) performance is 24.92%.
NVIDIA Corporation (NASDAQ:NVDA) announced that it will participate at the Bank of America Merrill Lynch 2014 Technology Conference to be held on June 3, 2014 at Ritz-Carlton, San Francisco. The Company is scheduled to present at the conference at 4:20 p.m. PT. NVIDIA Corporation (NASDAQ:NVDA) ended the last trading day at $18.32. Company weekly volatility is calculated as 1.90% and price to cash ratio as 2.35. NVIDIA Corporation (NASDAQ:NVDA) showed a positive weekly performance of 2.23%.
Medient Studios, Inc. (OTCMKTS:MDNT) announced that, in partnership with the Effingham County Industrial Development Authority, the surveys for the drilling of the Studioplex’s fresh water well are completed and drilling will commence Wednesday. The existing 155 foot tall water tower, hovering over highway 1-16, will hold up to 500,000 gallons of water. The new well is currently permitted to draw up to 150,000 gallons per day for Studioplex operational needs. The well is capable of drawing over 2 million gallons a day. Medient Studios Inc (OTCMKTS:MDNT) On last trading day company shares ended up $0.0033.