Qualstar® Corporation (NASDAQ: QBAK), a manufacturer of data storage solutions and high-efficiency power supplies, reported financial results for its second fiscal quarter ended December 31, 2013. Substantial improvement on a sequential basis (Second quarter 2014 vs. First quarter 2014) Revenue increased 57% to $3.4 million from $2.2 million in the first quarter 2014. Storage revenues increased 29% to $1.6 million from $1.2 million and Power Supply revenues increased 93% to $1.8 million from $953,000. Gross margin increased 22.9% to 43.9% from 21.0%. Total operating expenses decreased $1.2 million or 41% to $1.8 million from $3.0 million. Restructuring expenses increased to $26,000 from $0. Net loss was $251,000 or ($.02) per basic and diluted share compared to net loss of $2.5 million or ($.21) per basic and diluted share, a 91% decrease. Qualstar Corporation (NASDAQ:QBAK) stock opened at $1.33 in last trading session, and closed at $1.56, trading in the range of $1.33 – $2.05. The stock showed a positive weekly performance of 33.33%.
ViaSat (NASDAQ:VSAT) had its price target cut by Needham & Company from $75.00 to $62.00 in a research report sent to investors on Thursday morning, AnalystRatings.Net reports. ViaSat, Inc. (NASDAQ:VSAT) shares closed at $61.92 on last trade day, by gaining 8.14%. Stock 52 week range is $45.18 – $73.43. Company’s market capitalization is $2.85 billion.
GTT Communications Inc (NYSEMKT:GTT) average recommendation is buy with average Target Price of $6.00. GTT Communications Inc (NYSEMKT:GTT) stock advanced 8.61% and finished the last session at $12.49. The EPS of the stock remained -0.79. Company’s market capitalization is $290.89 million.
Audience Inc (NASDAQ:ADNC) average recommendation is hold with average Target Price of $11.38. Audience Inc (NASDAQ:ADNC) stock opened at $10.88 in last trading session and closed at $11.50. The 52 week range of the stock is $8.86 – $16.91 and the day range was $10.77 – $11.63.