Citigroup Inc. lowered shares of Vimpelcom (NYSE:VIP) from a buy rating to a neutral rating in a report released on Thursday, TheFlyOnTheWall.com reports. Citigroup Inc. currently has $10.10 price objective on the stock, down from their previous price objective of $12.10. VimpelCom Ltd (ADR) (NASDAQ:VIP) stock opened at $9.53 in last session, and closed at $8.99, while the day range of stock is $8.94 – $9.53. The stock showed a negative weekly performance of -11.52%.
Novatel Wireless (NASDAQ:NVTL)‘s stock had its “outperform” rating reaffirmed by analysts at Cowen and Company in a research report issued to clients and investors on Friday, Analyst Ratings Net reports. Novatel Wireless Inc (NASDAQ:NVTL) stock opened at $2.18, in last session and closed at $2.12, by losing -25.61%. The 52 week range of the stock is $1.85 – $4.43. Company’s market capitalization is $72.25 million.
Alaska Communications Systems Group Inc (NASDAQ:ALSK) on Mar. 6 reported financial results for its fourth quarter and full year ended December 31, 2013. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.02 by $0.18. The company had revenue of $74.50 million for the quarter, compared to the consensus estimate of $73.06 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was down 19.8% on a year-over-year basis. Alaska Communications Systems Group Inc (NASDAQ:ALSK) stock decreased -16.47% and finished the last session at $2.13. The EPS of the stock remained 2.26. Company’s market capitalization is $103.47 million.
Violin Memory, Inc. (NYSE:VMEM) on Mar. 6 announced financial results for its fourth fiscal quarter and full fiscal year ended January 31, 2014. Fourth quarter fiscal 2014 revenue was $28 million, 22% higher year over year compared to $22.9 million recorded in the fourth fiscal quarter of 2013, and slightly lower compared to $28.3 million reported in the third fiscal quarter of 2014. Violin Memory Inc (NYSE:VMEM) stock opened the session at $3.85, and closed the session at $4.19. The 52 week range of the stock remained $2.50 – $7.98 and the day range was $3.78 – $4.52.
Tech Losers: VimpelCom (NASDAQ:VIP), Novatel Wireless (NASDAQ:NVTL), Alaska Communications Systems Group (NASDAQ:ALSK), Violin Memory (NYSE:VMEM)
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