Montage Technology Group Ltd (NASDAQ:MONT) had its price target increased by Needham & Company LLC from $26.00 to $28.50 in a research report sent to investors on Wednesday morning, StockRatingsNetwork reports. The firm currently has a buy rating on the stock. Montage Technology Group Ltd (NASDAQ:MONT) net profit margin is 15.70% and weekly performance is -11.59%. On last trading day company shares ended up $17.17. Analysts mean target price for the company is $25.70. Montage Technology Group Ltd (NASDAQ:MONT) distance from 50-day simple moving average (SMA50) is -14.77%.
Aruba Networks, Inc. (NASDAQ:ARUN) announced that Michael Galvin, Aruba’s chief financial officer, will present to the financial community at three upcoming financial conferences. Cowen and Company Technology, Media and Telecom Conference May 28, 2014 The New York Palace Hotel, New York, NY 11:45 a.m. Pacific Time/2:45 p.m. Eastern Time. Aruba Networks, Inc. (NASDAQ:ARUN) shares fell -10.82% in last trading session and ended the day on $17.89. Gross Margin is 69.90% and its return on assets is -8.00%. Aruba Networks, Inc. (NASDAQ:ARUN) quarterly performance is -15.05%.
On May 22, Covisint Corporation (NASDAQ:COVS) provider of a leading cloud engagement platform, today announced financial results for the fourth quarter and full fiscal year ended March 31, 2014. Subscription and support revenue increased 17% year-over-year to $66.7 million. Services revenue decreased 10% year-over-year to $30.4 million. Total revenues increased by 7% year-over-year to $97.1 million. GAAP gross profit was $40.8 million. GAAP gross margin was 42%. Non-GAAP gross profit was $48.3 million. Non-GAAP gross margin was 50%. Covisint Corp (NASDAQ:COVS) shares moved down -17.07% in last trading session and was closed at $5.88, while trading in range of $5.77 – $6.30. Covisint Corp (NASDAQ:COVS) year to date (YTD) performance is -53.15%.
PCTEL, Inc. (NASDAQ:PCTI) a leader in simplifying wireless and site solutions for private and public networks, announced today at Cisco Live! the release of two new directional antennas: the 2.4 GHz and 5 GHz Enclosed Yagi MIMO Antennas for long range broadband wireless access applications. The new yagis provide high-speed directional WiFi coverage and optimized data throughput in a rugged, low profile housing. They are ideal for point-to-point installations in challenging environmental settings such as subways, highways, smart grids, oil and gas fields and wireless backhaul applications. PC Tel Inc (NASDAQ:PCTI) ended the last trading day at $7.18. Company weekly volatility is calculated as 3.42% and price to cash ratio as 2.38. PC Tel Inc (NASDAQ:PCTI) showed a negative weekly performance of -7.59%.
Voltari Corp (NASDAQ:VLTC) net profit margin is -45.20% and weekly performance is -10.61%. On last trading day company shares ended up $2.19. Analysts mean target price for the company is $1.79. Voltari Corp (NASDAQ:VLTC) distance from 50-day simple moving average (SMA50) is -35.77%.