Research analysts at Raymond James increased their price objective on shares of BlackBerry Ltd (NASDAQ:BBRY), from C$9.50 to C$10.00 in a report released on Friday. The firm currently has a “market perform” rating on the stock. Raymond James’ target price would indicate a potential downside of 7.83% from the company’s current price. BlackBerry Ltd (NASDAQ:BBRY), net profit margin is -6.73% and weekly performance is 22.24%. On last trading day company shares ended up $9.84. Analysts mean target price for the company is $10.90. BlackBerry Ltd (NASDAQ:BBRY), distance from 50-day simple moving average (SMA50) is 28.57%.
Sonic Corporation (NASDAQ:SONC), the nation’s largest chain of drive-in restaurants, announced results for the third fiscal quarter ended May 31, 2014. For the third fiscal quarter of 2014, the company’s net income increased to $16.8 million or $0.30 per diluted share, compared with net income of $14.8 million or $0.26 per diluted share in the same period in the prior year, resulting in earnings per share growth of 15%. For the first nine months of fiscal 2014, net income totaled $29.1 million or $0.51 per diluted share compared with net income of $24.5 million or $0.43 per diluted share for the same period in fiscal 2013. Excluding the items outlined below, net income and net income per diluted share would have both increased by 19%. Sonic Corporation (NASDAQ:SONC), advanced 0.44% in last trading session and ended the day on $22.75. SONC, Gross Margin is 53.00% and its return on assets is 6.10%. Sonic Corporation (NASDAQ:SONC), quarterly performance is 2.07%.
On June 23, 2014, Micron Technology, Inc. (NASDAQ:MU), reported its third-quarter (3Q) earnings for fiscal 2014 (FY14) earnings after markets close. The average of analysts’ revenue estimates is $3.89 billion, an increase of 67% year-over-year (YoY). The EPS projection is 69 cents. Micron Technology, Inc. (NASDAQ:MU), shares moved up 3.97% in last trading session and was closed at $32.50, while trading in range of $31.16 – 32.97. Micron Technology, Inc. (NASDAQ:MU), year to date (YTD) performance is 49.43%.
On June 12, 2014, Shares of Chinese online job-seeking website Zhaopin Ltd (ADR) (NYSE:ZPIN), rose sharply above the IPO price of $13.50 in their debut in New York. Zhaopin Ltd (ADR) (NYSE:ZPIN), ended the last trading day at $15.32. Company weekly volatility is calculated as 5.17%. Zhaopin Ltd (ADR) (NYSE:ZPIN), showed a positive weekly performance of 1.26%.
XG Technology Inc (NASDAQ:XGTI), a developer of wireless communications and spectrum-sharing technologies, has announced that it has been selected as a subcontractor to provide communications and network services to the U.S. Army’s Communications-Electronics Research, Development and Engineering Center (CERDEC) Space and Terrestrial Communications Directorate (S&TCD). xG Technology teamed with prime contractor Science Applications International Corporation (“SAIC”) SAIC +0.58% on this five-year period of performance (a thirty-six (36) month base and two (12) month options) multiple-award indefinite delivery/indefinite quantity (IDIQ) contract. The contract has a ceiling value of $497 million, represents new work, and expands xG Technology’s presence in its cognitive radio market area. XG Technology Inc (NASDAQ:XGTI), weekly performance is 29.78%. On last trading day company shares ended up $2.31. Analysts mean target price for the company is $1.50. XG Technology Inc (NASDAQ:XGTI), distance from 50-day simple moving average (SMA50) is 30.41%.