SIX declared that Nokia Oyj has decided to sell its patent portfolio for memory technology to Pendrell Corp. The deal covers in total 125 patents and patent applications worldwide. Nokia will receive license fees from Pendrell. Further details were not disclosed. Pendrell Corporation (PCO), Business Services company, flourished 0.61% in last trading session and ended the day on $1.64. The stock is trading -39.48% below its 52-week high and 42.61% above its 52-week low. In valuation, Pendrell Corporation maintained 1.31x price to book and 10.82x price to sales ratio. Company also recorded 0.00x debt over equity financial leverage. PCO showed -1.20% weekly performance.
MEGA Brands Inc., a member of the Mattel family of companies (MAT) Friday declared start of a new partnership with Shriners Hospitals for Children, Canada. The toy maker has pledged $500,000 to the hospital’s Exceptional Care for Exceptional Kids campaign. The company noted it will launch a custom-made and limited edition Mega Bloks First Builders Block Buddy fundraising toy at today’s International Shriners Day celebration in Ottawa. Sears Hometown and Outlet Stores, Inc. (SHOS), Department Stores, is currently trading at $20.37, which burgeoned 0.49%. The stock is trading -18.52% below its 50 days high and 3.14% above its 50 days low. SHOS has $463.42 million market capitalization. The stock recorded a trading volume of 93982 shares as compared to its average volume of 126.49 million shares. SHOS’s year to date performance is -20.12%.
Opower Inc expects Q2 2014 total revenue to be in range of $28.8 million to $29.2 million. Company expects Q2 2014 adjusted EBITDA to be loss in range of $(7.4) million to $(7.0) million. Company expects FY 2014 total revenue to be in range of $116.5 million to $118.5 million. Company expects FY 2014 adjusted EBITDA to be loss in range of $(30) million to $(28) million and FY 2014 revenue of $113.2 million and EBITDA of $(32) million . OPOWER, Inc. (OPWR), Application Software company, burgeoned 3.26% in last regular trading to $17.75. The stock is priced with the difference of -5.47% 200-day simple moving average and -5.47% 50-day moving average. With 74229 of its shares exchanged hands during the day and 0.22 relative volume ratio, market capitalization of OPOWER, Inc. moved to $871.88 million. The float was recorded 36.64 million compared to 49.12 million outstanding shares. OPWR’s monthly performance is 2.66%. Analysts rate it a ‘Hold’ stock.
Peregrine Semiconductor Corp expects Q2 2014 revenue to be in the range of $42 million to $46 million and Q2 2014 revenue of $36 million . The price of Peregrine Semiconductor Corporation (PSMI), Semiconductor – Integrated Circuits company, stock gained 3.71% to $6.99. The stock is dealing at -42.18% below its 52-week high and 47.16% above its 52-week low. The RSI of stock currently approaches at the level of 64.48 with 5.01% weekly volatility. The firm maintained its -$0.40 EPS for the stock. PSMI showed -19.28% half yearly performance. Experts rate it a ‘Hold’ stock.