Gogo ink (NASDAQ:GOGO) with its niche and high quality connectivity had definitely come under dark clouds, considering the reach, delivery and service points of America’s largest network service providers. Gogo Inc. (NASDAQ:GOGO) will have to compete with this telecom giant as early as the end of 2015, given the fact that AT & Twill enter in-flight connectivity services spectrum with a spate of swift Wi-Fi connectivity as well as a wide-range of entertainment on-flight. Gogo Inc. (NASDAQ:GOGO) shares after opening at $15.39 moved to $15.46 on last trade day and at the end of the day closed at $13.12. Company price to sales ratio in past twelve months was calculated as 3.40 and price to cash ratio as 4.19. Gogo Inc. (NASDAQ:GOGO) showed a negative weekly performance of -32.96%.
Oi SA (ADR) (NYSE:OIBR), Brazilian telephony company, raised 8.25 billion reais, making the room for merger with Portugal Telecom, SGPS (ADR) (NYSE:PT). The amount raised includes 2 billion raised by Grupo BTG Pactual (BVMF:BBTG11) and an over-allotment of 750 million reais. In a company filing, it was declared by the company that it has already raised 7.5 billion reais, leaving the over-allotment amount, which will officially conclude on May 29. Oi SA (ADR) (NYSE:OIBR) shares fell -16.59% in last trading session and ended the day on $0.868. Oi SA (ADR) (NYSE:OIBR) yearly performance is -62.28%.
Waters Corp. logo Waters Corp. (NYSE:WAT) announced its earnings results on Tuesday. The company reported $0.92 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.12 by $0.20, Analyst Ratings News reports. Waters Corporation (NYSE:WAT) shares moved down -8.51% in last trading session and was closed at $99.03, while trading in range of $98.89 – $104.68. Waters Corporation (NYSE:WAT) year to date (YTD) performance is -0.97%.
NQ Mobile Inc. (ADR) (NYSE:NQ) on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Software industry. The net income has significantly decreased by 206.8% when compared to the same quarter one year ago, falling from $4.87 million to -$5.20 million. NQ Mobile Inc. (ADR) (NYSE:NQ) weekly performance is -19.31%. On last trading day company shares ended up $11.16. NQ Mobile Inc. (ADR) (NYSE:NQ) distance from 50-day simple moving average (SMA50) is -35.96%. Analysts mean target price for the company is $27.67.