EMC Corporation (NYSE:EMC) announced it has entered into a definitive agreement to acquire privately-held DSSD, Inc. Menlo Park-based DSSD is the developer of an innovative new rack-scale flash storage architecture for I/O-intensive in-memory databases and Big Data workloads like SAP HANA and Hadoop. The transaction is expected to close in the second quarter of 2014, subject to customary closing conditions. Financial terms were not disclosed. The transaction is not expected to have a material impact to EMC GAAP or non-GAAP EPS for the full 2014 fiscal year. EMC Corporation (NYSE:EMC) net profit margin is 11.60% and weekly performance is -0.97%. On last trading day company shares ended up $25.44. Analysts mean target price for the company is $30.07. EMC Corporation (NYSE:EMC) distance from 50-day simple moving average (SMA50) is -4.93%.
NetApp Inc. (NASDAQ:NTAP), the manufacturer of innovative storage and data management solutions, offers cost efficient business progress, while accelerating its service delivery. NetApp will be disclosing its fourth quarter and fiscal years economic facts and figures on May 21, 2014.
NetApp Inc. (NASDAQ:NTAP) shares advanced 1.03% in last trading session and ended the day on $34.19. NTAP gross Margin is 61.20% and its return on assets is 6.40%.NetApp Inc. (NASDAQ:NTAP) quarterly performance is -19.82%.
Quantum Corp. (NYSE:QTM) reported Q4 EPS of ($0.06), may not compare to the analyst estimate of ($0.01). Revenue for the quarter came in at $128 million versus the consensus estimate of $127.5 million. Quantum Corp (NYSE:QTM) shares moved up 5.83% in last trading session and was closed at $1.09, while trading in range of $1.03 – $1.09. Quantum Corp (NYSE:QTM) year to date (YTD) performance is -9.17%.
The Brocade Communication Systems, Inc. (NASDAQ:BRCD) has reported the business revenue amounting to a total sum of $412 million, which has decreased by 1% on a year-over-year basis, but has increased by 8% as compared to the revenue reported in the last quarter of 2013. The sales of the Gen 5 Fiber Channel products have amounted to 71% of the total reported revenue. Brocade Communications Systems, Inc. (NASDAQ:BRCD) ended the last trading day at $8.12. Company weekly volatility is calculated as 3.92% and price to cash ratio as 3.53.Brocade Communications Systems, Inc. (NASDAQ:BRCD) showed a negative weekly performance of -8.35%.
QLogic (NASDAQ:QLGC) was downgraded by analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, AmericanBankingNews.com reports. QLogic Corporation (NASDAQ:QLGC) shares advanced 1.13% in last trading session and ended the day on $9.87. QLGC gross Margin is 67.30% and its return on assets is -2.30%.QLogic Corporation (NASDAQ:QLGC) quarterly performance is -12.11%.