Sierra Wireless, Inc. (NASDAQ:SWIR) reported results for its first quarter ending March 31, 2014. All results are reported in U.S. dollars and are prepared in accordance with United States generally accepted accounting principles (GAAP), except as otherwise indicated below. “We achieved record revenue in the first quarter and also completed the acquisition of In Motion Technology. I believe we are well positioned for continued revenue growth and improving profitability in the second quarter and beyond,” said Jason Cohenour, President and Chief Executive Officer. “We continue to focus on driving profitable organic growth in M2M devices and cloud services, while pursuing additional strategic acquisitions.”Revenue for the first quarter of 2014 was $121.2 million, an increase of 19.5% compared to $101.4 million in the first quarter of 2013, and an increase of 2.2% compared to $118.6 million in the fourth quarter of 2013. Revenue from OEM Solutions was $106.2 million in the first quarter of 2014, up 19.0% compared to $89.2 million in the first quarter of 2013. Revenue from Enterprise Solutions was $15.0 million (including $1.3 million contribution from In Motion Technology) in the first quarter of 2014, up 23.3% compared to $12.2 million in the first quarter of 2013. Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) shares after opening at $21.23 moved to $21.23 on last trade day and at the end of the day closed at $19.25. Company price to sales ratio in past twelve months was calculated as 1.37 and price to cash ratio as 3.36. Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) showed a negative weekly performance of -11.17%.
RiT Technologies Ltd. ( NASDAQ:RITT), a leading provider of intelligent infrastructure management, announced that Mr. Dewald Burger, RiT’s Country Manager for South Africa, has been appointed to serve as Chairman of BICSI South Africa. RiT Technologies Ltd.(NASDAQ:RITT) shares moved down -9.26% in last trading session and was closed at $1.47, while trading in range of $ 1.45 – 1.62 . RiT Technologies Ltd. (NASDAQ:RITT) year to date (YTD) performance is -16.48
Thru enables Vocera Communications Inc (NYSE:VCRA) to deliver industry-leading intelligent communications solutions for Healthcare that reduce individual and team response times and significantly improve the patient experience. Vocera Communications Inc (NYSE:VCRA) shares fell -14.67% in last trading session and ended the day on $12.74. VCRA return on equity ratio is recorded as -8.40% and its return on assets is -6.20%. Vocera Communications Inc (NYSE:VCRA) yearly performance is 34.26%.
Ambient Corporation (NASDAQ:AMBT) is currently trading in a very volatile manner; the stock made a substantial gain in the previous week, but seems to be on a downward bias in its recent few trading sessions and has lost all the gains it made previously. The traders can go short on the stock with a short term target of $1.36 and traders looking to bear a greater risk can short the stock with a target of $1.26 with a strict stop loss of $1.62. Ambient Corporation (NASDAQ:AMBT) weekly performance is -23.42%. On last trading day company shares ended up $0.919. Ambient Corporation (NASDAQ:AMBT) distance from 50-day simple moving average (SMA50) is -39.26%.