Qualstar Corporation (Nasdaq:QBAK), a manufacturer of data storage solutions and high-efficiency power supplies, reported financial results for its third fiscal quarter ended March 31, 2014. Revenue decreased 13.2% to $2.6 million from $3.0 million. GAAP gross margin decreased 37.3% to -7.8% from 29.5%; Non-GAAP gross margin was 43%; Total operating expenses decreased 39.7% to $2.0 million from $3.3 million, excluding restructuring expenses; Restructuring expenses decreased to $0 from $913,000. Net loss was $2.2 million or ($.18) per basic and diluted share vs $3.3 million or ($.27) per basic and diluted share, a 34% decrease in losses; Non-GAAP net loss was $467,000 or ($.04) per basic and diluted share. Qualstar Corporation (NASDAQ:QBAK) net profit margin is -82.60% and weekly performance is -16.77%. On last trading day company shares ended up $1.26. Analysts mean target price for the company is $2.00. Qualstar Corporation (NASDAQ:QBAK) distance from 50-day simple moving average (SMA50) is -18.22%.
QLogic Corporation (NASDAQ:QLGC) a leading supplier of high-performance network infrastructure solutions, announced that QLogic senior executives will present investor conference in June: Bank of America Merrill Lynch 2014 Global Technology Conference Tuesday, June 3 10 a.m. Pacific Time The Ritz-Carlton, San Francisco Stephens Spring Investment Conference Wednesday, June 4 2 p.m. Eastern Time The New York Palace, New York City. QLogic Corporation (NASDAQ:QLGC) shares advanced 0.15% in last trading session and ended the day on $9.78. Gross Margin is 67.30 % and its return on assets is -2.30%. QLogic Corporation (NASDAQ:QLGC) quarterly performance is -14.24%.
NetApp Inc. (NASDAQ:NTAP) lagged -1.75% after a Raymond James analyst downgraded the stock from “outperform” to “market perform.” Claiming that margins have peaked and new competitors are threatening its business, the downgrade comes weeks before quarterly results and as shares of competitor Nimble Storage were upgraded on potential gains in market share. NetApp Inc. (NASDAQ:NTAP) shares moved down -2.84% in last trading session and was closed at $33.72, while trading in range of $33.41 – $34.86. NetApp Inc. (NASDAQ:NTAP) year to date (YTD) performance is -17.41%.
Sigma-Aldrich Corporation (NASDAQ:SIAL) custom manufacturing and services business unit, SAFC Commercial (www.sigma-aldrich.com/safc), has entered into a collaborative technology agreement with BioTools Inc. (www.btools.com). The partnership aligns BioTools, a Jupiter, Fla.-based manufacturer of advanced chiroptical spectroscopic instruments, with SAFC’s leading solid-state research and development business, Pharmorphix®. The combined offer provides customers direct access to the most comprehensive range of chiral structural determination tools and separation services in the market, potentially accelerating timelines to market for chiral-based drugs.Sigma-Aldrich Corporation (NASDAQ:SIAL) ended the last trading day at $96.33. Company weekly volatility is calculated as 1.15% and price to cash ratio as 15.18. Sigma-Aldrich Corporation (NASDAQ:SIAL) showed a negative weekly performance of -0.53%.
UCB ADR (OTCMKTS:UCBJY) is set to handle distribution through various windows and platforms, including international territories, digital download and VOD. UCB ADR (OTCMKTS:UCBJY) On last trading day company shares ended up $39.81.