The board of directors of Brazilian phone company Oi SA (ADR) (NYSE:OIBR) has authorized the issuance of up to a maximum 7.8 billion in new shares, worth some 23.6 billion Brazilian reais ($10.38 billion) as part of its plan to merge with Portugal Telecom SGPS SA (PT, PTC.LB). Oi shares added 4.6% to $1.36. Oi SA (ADR) (NYSE:OIBR) shares after opening at $0.88 moved to $0.94 on last trade day and at the end of the day closed at $0.929 . Company price to sales ratio in past twelve months was calculated as 0.11. Oi SA (ADR) (NYSE:OIBR) showed a negative weekly performance of -19.83%.
Sonus Networks, Inc. (NASDAQ:SONS) issued a press release reporting its financial results for the quarter ended March 28, 2014, and posted supplementary financial and operational data on its website, www.sonus.net, in connection with the announcement of such financial results. Sonus Networks, Inc. (NASDAQ:SONS) shares advanced 7.92 % in last trading session and ended the day on $3.27. SONS return on equity ratio is recorded as -4.00% and its return on assets is -3.00%. Sonus Networks, Inc. (NASDAQ:SONS) yearly performance is 55.71%.
Aspen Technology, Inc. (NASDAQ:AZPN) a leading provider of software and services to the process industries, announced financial results for its third quarter of fiscal year 2014, ended March 31, 2014. Aspen Technology, Inc. (NASDAQ:AZPN) shares moved up 13.88% in last trading session and was closed at $42.99 while trading in range of $41.18 – $46.06 – Aspen Technology, Inc. (NASDAQ:AZPN) year to date (YTD) performance is 2.85%.
Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) announced results for its second fiscal quarter ended March 29, 2014. Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) weekly performance is 9.53%. On last trading day company shares ended up $14.71. Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) distance from 50-day simple moving average (SMA50) is 20.94%. Analysts mean target price for the company is $16.25.
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