Sierra Wireless, Inc. (NASDAQ:SWIR) reported results for its first quarter ending March 31, 2014. All results are reported in U.S. dollars and are prepared in accordance with United States generally accepted accounting principles (GAAP), except as otherwise indicated below. “We achieved record revenue in the first quarter and also completed the acquisition of In Motion Technology. I believe we are well positioned for continued revenue growth and improving profitability in the second quarter and beyond,” said Jason Cohenour, President and Chief Executive Officer. “We continue to focus on driving profitable organic growth in M2M devices and cloud services, while pursuing additional strategic acquisitions. “Revenue for the first quarter of 2014 was $121.2 million, an increase of 19.5% compared to $101.4 million in the first quarter of 2013, and an increase of 2.2% compared to $118.6 million in the fourth quarter of 2013. Revenue from OEM Solutions was $106.2 million in the first quarter of 2014, up 19.0% compared to $89.2 million in the first quarter of 2013. Revenue from Enterprise Solutions was $15.0 million (including $1.3 million contribution from In Motion Technology) in the first quarter of 2014, up 23.3% compared to $12.2 million in the first quarter of 2013. Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) shares after opening at $21.23 moved to $21.23 on last trade day and at the end of the day closed at $19.25. Company price to sales ratio in past twelve months was calculated as 1.37 and price to cash ratio as 3.36. Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) showed a negative weekly performance of -11.17%.
Thru enables Vocera Communications Inc (NYSE:VCRA) to deliver industry-leading intelligent communications solutions for Healthcare that reduce individual and team response times and significantly improve the patient experience. Vocera Communications Inc (NYSE:VCRA) shares fell -14.67% in last trading session and ended the day on $12.74. VCRA return on equity ratio is recorded as -8.40% and its return on assets is -6.20%. Vocera Communications Inc (NYSE:VCRA) yearly performance is 34.26%.
Barracuda Networks (NYSE:CUDA) was upgraded by research analysts at Bank of America from a “neutral” rating to a “buy” rating in a report released on Friday, American Banking News reports. The firm currently has a $39.50 price target on the stock. Bank of America’s target price suggests a potential upside of 54.06% from the stock’s previous close. Barracuda Networks Inc(NYSE:CUDA) shares moved down -7.46% in last trading session and was closed at $25.50, while trading in range of $ 25.33 – 28.36. Barracuda Networks Inc (NYSE:CUDA) year to date (YTD) performance is -35.74%.
Westell Technologies (NASDAQ:WSTL) VP Amy T. Forster sold 18,750 shares of Westell Technologies stock on the open market in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $3.35, for a total transaction of $62,812.50. Following the completion of the transaction, the vice president now directly owns 55,913 shares of the company’s stock, valued at approximately $187,309. Westell Technologies Inc.(NASDAQ:WSTL) weekly performance is -6.27%. On last trading day company shares ended up $3.14. Westell Technologies Inc.(NASDAQ:WSTL) distance from 50-day simple moving average (SMA50) is -16.66%. Analysts mean target price for the company is $5.90.