On May 7, Aviat Networks Inc (NASDAQ:AVNW) issued its quarterly earnings. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.10, StockRatingsNetwork.com reports. The company had revenue of $81.40 million for the quarter, compared to the consensus estimate of $95.87 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was down 31.2% on a year-over-year basis. Aviat Networks Inc (NASDAQ:AVNW) net profit margin is -11.90% and weekly performance is 7.69%. On last trading day company shares ended up $1.12. Analysts mean target price for the company is $2.30. Aviat Networks Inc (NASDAQ:AVNW) distance from 50-day simple moving average (SMA50) is -24.64%.
InfoSonics Corporation (NASDAQ:IFON) announced the launch of its new verykool® s505 smartphone, the most dynamic mobile handset the company has offered to date. The s505, nicknamed the “Spark,” has an ultra high-end design. It is powered by a 1.3 GHz quad core processor and is equipped with the Android 4.2 (Jelly Bean) operating system. The phone will be upgradable to Android 4.4 (KitKat) in the near future via a partnership with Red Bend Software, the market leader in mobile software management. InfoSonics Corporation (NASDAQ:IFON) shares advanced 4.07% in last trading session and ended the day on $2.30. Gross Margin is 18.20% and its return on assets is 1.00%. InfoSonics Corporation (NASDAQ:IFON) quarterly performance is -19.58%.
On May 14, Pointer Telocation Ltd. (Nasdaq:PNTR) -a leading developer, manufacturer and operator of Mobile Resource Management (MRM) and roadside assistance services for the automotive industry, announced its financial results for the first quarter of 2014. International activities for the first quarter of 2014 were 31% of total revenues compared to 27% in the same period in 2013. Revenues from products in the first quarter of 2014 increased 23% to $9.1 million (34% of revenues) compared to $7.4 million (34% of revenues) in the comparable period of 2013. Pointer recorded net income of $1.5 million or $0.22 per share in the first quarter of 2014 compared to $0.8 million, or $0.14 per share, in the first quarter of 2013. Pointer Telocation Limited (NASDAQ:PNTR) shares moved up 8.64% in last trading session and was closed at $9.93, while trading in range of $9.08 – $10.00, Pointer Telocation Limited (NASDAQ:PNTR) year to date (YTD) performance is -16.13%.
On May 15, Wireless Telecom Group, Inc. (NYSEMKT:WTT) announced results for the first quarter ended March 31, 2014. For the quarter ended March 31, 2014, the Company reported net sales of $9,185,000, compared to $6,797,000 for the same period in 2013, an increase of 35%. Net sales in the Network Solutions segment were $6,390,000, compared to $3,794,000 for the same period in 2013, an increase of 68%. Net sales in the Test and Measurement segment were $2,795,000, compared to $3,003,000 for the same period in 2013, a decrease of 7%. Wireless Telecom Group Inc (NYSEMKT:WTT) ended the last trading day at $2.48 . Company weekly volatility is calculated as 8.89% and price to cash ratio as 2.87. Wireless Telecom Group Inc (NYSEMKT:WTT) showed a negative weekly performance of -7.46%.
RiT Technologies Ltd. (NASDAQ:RITT) announced that its 2014 Annual General Meeting of Shareholders will be held on Wednesday, June 25, 2014 at 10:00 a.m. Israel time (3:00 a.m. ET), at the offices of the Company, 24 Raoul Wallenberg Street, Tel Aviv, Israel. The record date for the meeting is May 22, 2014. The Company will send to its shareholders of record a proxy statement describing the various matters to be voted upon at the meeting, along with a proxy card enabling them to indicate their vote on each matter. RiT Technologies Ltd. (NASDAQ:RITT) net profit margin is -89.30% and weekly performance is 10.53%. On last trading day company shares ended up $1.68. RiT Technologies Ltd. (NASDAQ:RITT) distance from 50-day simple moving average (SMA50) is 0.06%.