On April 22, XG Technology Inc (NASDAQ:XGTI), announced that it has closed the previously announced underwritten public offering of its common stock. The Company offered 5,265,000 shares of its common stock at $1.90 per share to the public. xG received gross proceeds from the offering, before deducting the underwriting discount and estimated offering expenses payable by xG, of approximately $10,000,000. XG Technology Inc (NASDAQ:XGTI) weekly performance is 16.56%. On last trading day company shares ended up $1.83. Analysts mean target price for the company is $2.20. XG Technology Inc (NASDAQ:XGTI) distance from 50-day simple moving average (SMA50) is -25.37%.
Neonode, Inc (NASDAQ:NEON) plunged to a one-year low on Monday after the sensing technology company reported first-quarter earnings that came up short of analysts’ expectations. Neonode, Inc (NASDAQ:NEON) shares fell -5.57% in last trading session and ended the day on $3.73. NEON Gross Margin is 56.80% and its return on assets is -124.70%. Neonode, Inc (NASDAQ:NEON) quarterly performance is -40.42%.
On May 12, 2014, TeleCommunication Systems, Inc. (NASDAQ:TSYS), has been invited to present at the B. Riley & Co. Annual Investor Conference on May 19-21, 2014. The conference will be held at the Loews Santa Monica Beach Hotel. TeleCommunication Systems, Inc. (NASDAQ:TSYS) shares moved down -4.83% in last trading session and was closed at $3.15, while trading in range of $3.07 – $3.38. TeleCommunication Systems, Inc. (NASDAQ:TSYS) year to date (YTD) performance is 35.78%.
Zhone Technologies Inc (NASDAQ:ZHNE) unveiled seven ways fiber-based passive optical LAN solutions can improve enterprise communications. With the number of connected devices predicted to reach 30 billion by 2020, network infrastructures must also be improved in order to provide the needed bandwidth to support these devices. Additionally, as enterprises push more and more information to the cloud, high-speed broadband connections become critical. However, refurbishing or deploying a new network infrastructure is expensive. Zhone Technologies Inc (NASDAQ:ZHNE) ended the last trading day at $2.70. Company weekly volatility is calculated as 12.34% and price to cash ratio as 5.56. Zhone Technologies Inc (NASDAQ:ZHNE) showed a positive weekly performance of 3.05%.