BlackBerry Ltd (NASDAQ:BBRY) is enhancing the security of its messaging service with the launch on Monday of its new BBM Protected solution designed to provide end-to-end encryption for messages from the time it is sent to the time it is received. BlackBerry Ltd (NASDAQ:BBRY) net profit margin is -6.73% and weekly performance is 0.38%. On last trading day company shares ended up $7.93. Analysts mean target price for the company is $10.90. BlackBerry Ltd (NASDAQ:BBRY) distance from 50-day simple moving average (SMA50) is 5.16%.
Leading wireless modem manufacturer, Novatel Wireless Inc. (NASDAQ:NVTL) recently assigned Alex Mashinsky as the Interim Chief Executive Officer (CEO), replacing Peter Leparulo who will remain on the board of directors. Novatel Wireless Inc (NASDAQ:NVTL) shares advanced 2.76% in last trading session and ended the day on $1.86. Gross Margin is 20.70% and its return on assets is -34.40%. Novatel Wireless Inc (NASDAQ:NVTL) quarterly performance is -2.11%.
Straight Path Communications Inc. (NYSEMKT:STRP), a communications asset company that holds an extensive portfolio of 39 and 28 GHz wireless spectrum with coverage across the entire United States as well as a focused intellectual property portfolio, announced operating results for its third quarter of fiscal 2014 ended April 30, 2014. Total revenues were $913,000, compared to $454,000 for fiscal Q2, and $127,000 in fiscal Q1 2014; Total costs and expenses were $1.1 million, compared to $1.3 million for fiscal Q2, and $597,000 in fiscal Q1 2014. Net gain attributable to STRP was $161,000, including $332,000 of other income, Cash and cash equivalents at April 30, 2014 of $15.6 million, Completed confidential license and settlement agreements with Google and Sony. Straight Path Communications Inc (NYSEMKT:STRP) shares moved up 3.62% in last trading session and was closed at $9.45 , while trading in range of $8.71 – $9.69. Straight Path Communications Inc (NYSEMKT:STRP) year to date (YTD) performance is 15.38%.
On June 12, CLX Networks, the global leader in enterprise messaging and awarded Europe’s fastest large company revenue grower of the year, is proud to announce that it has completed the acquisition of Voltari Corp (NASDAQ:VLTC) messaging business in North America. Voltari Corp (NASDAQ:VLTC) ended the last trading day at $2.25. Company weekly volatility is calculated as 9.35 % and price to cash ratio as 0.33. Voltari Corp (NASDAQ:VLTC) showed a negative weekly performance of -15.09%.
On June 11, Oi SA (ADR) (NYSE:OIBR) gained 3.80% with trading volume of 16.38 million shares after news that TIM Brasil and Oi SA (OIBR), two of the largest mobile operators in Brazil, are using the Aptilo Service Management Platform™ (SMP) to provide a carrier Wi-Fi service with mobile data offloading throughout the country and in Maracanã Stadium – the venue for the World Cup Final — for the millions of guests expected to attend this global sporting event. Oi SA (ADR) (NYSE:OIBR) weekly performance is -2.08%. On last trading day company shares ended up $0.936. Analysts mean target price for the company is $1.63. Oi SA (ADR) (NYSE:OIBR) distance from 50-day simple moving average (SMA50) is -8.33%.