Sina Corp (NASDAQ:SINA) micro-blogging Weibo unit China’s version of Twitter plans to raise a mere $500 million with its Nasdaq IPO, a small sum compared with other recent tech public offerings. SINA Corp (NASDAQ:SINA) shares after opening at $70.85 moved to $71.19 on last trade day and at the end of the day closed at $68.83. Company price to sales ratio in past twelve months was calculated as 6.89 and price to cash ratio as 2.45. SINA Corp (NASDAQ:SINA) showed a negative weekly performance of -2.41%.
Sonus Networks Inc. (NASDAQ:SONS) updated its first quarter earnings guidance on Thursday. The company provided EPS guidance of ($0.01) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.01), American Banking News.com reports. The company issued revenue guidance of $70.00 million, compared to the consensus revenue estimate of $70.00 million. Sonus Networks also updated its FY14 guidance to $0.05 EPS. Sonus Networks, Inc. (NASDAQ:SONS) shares advanced 5.23% in last trading session and ended the day on $3.62. Sonus Networks, Inc. (NASDAQ:SONS) return on equity ratio is recorded as -6.40% and its return on assets is -5.00%. Sonus Networks, Inc. (NASDAQ:SONS) yearly performance is 39.77%.
Baird raised its price target on InvenSense Inc. (NYSE:INVN) on the belief the company may have won all of the Samsung Galaxy S5 in addition to multiple growth opportunities with the launch of Apple’s smart watch this year. (AAPL). InvenSense Inc. (NYSE:INVN) shares moved up 6.46% in last trading session and was closed at $22.74, while trading in range of $21.81 – $23.35. InvenSense Inc. (NYSE:INVN) year to date (YTD) performance is 9.43%.
Sky-mobi Limited (NASDAQ:MOBI), a leading mobile application store in China, announced that the Company, through its controlling subsidiary Mopin Technology Co., Ltd., has recently entered into a strategic partnership with the Wo Store of China Unicom, the official application store of China’s second largest mobile operator. Under the terms of the agreement, Sky-mobi was designated as an official business partner of China Unicom to provide customized and tailor-made software services at China Unicom’s network of physical stores nation-wide. Sky-mobi Ltd (ADR) (NASDAQ:MOBI) weekly performance is 21.37%. On last trading day company shares ended up $11.13. Sky-mobi Ltd (ADR) (NASDAQ:MOBI) distance from 50-day simple moving average (SMA50) is 101.62%. Analysts mean target price for the company is $7.50.