Oi SA (ADR) (NYSE:OIBR) is approaching towards the completion of its merger with Portugal Telecom, SGPS (ADR) (NYSE:PT). At this point, the disappointing news is that the company has reported a drop in its revenue. It is the second consecutive quarter where the Oi SA has reported declines in its revenue. Oi SA (ADR) (NYSE:OIBR) stock performance was -9.94% in last session and finished the day at $0.797. Traded volume was 54,678,600 shares in the last session and the average volume of the stock remained 13.84 million shares. The beta of the stock remained 1.29.
Comverse Inc (NASDAQ:CNSI), a global leader in telecom business enablement, on May 14th May, 2014, announced that its President and Chief Executive Officer, Philippe Tartavull, will present at the J.P. Morgan 42nd Annual Technology, Media and Telecom Conference in Boston. Comverse’s presentation is scheduled for Monday, May 19, 2014 at 10:20 a.m. Comverse Inc (NASDAQ:CNSI) rose 0.13% to $23.71 yesterday on volume of 221,000 shares. The intra-day range of the stock was $23.20 – 24.00. Comverse Inc (NASDAQ:CNSI) has a market capitalization of $531.39 million.
Analysts at Cowen and Company decreased their price objective on shares of Novatel Wireless Inc (NASDAQ:NVTL) from $3.25 to $3.00 in a research report issued to clients and investors on Friday, Analyst Ratings Network reports. Cowen and Company’s price target would suggest a potential upside of 73.41% from the stock’s previous close. Novatel Wireless Inc (NASDAQ:NVTL)’s stock on May 15, 2014 reported a decrease of -2.41% to the closing price of $1.62. Its fifty two weeks range is $1.62 – 4.43. The total market capitalization recorded $55.60 million. The overall volume in the last trading session was 171,000 shares. In its share capital, Novatel Wireless Inc (NASDAQ:NVTL) has 34.34 million outstanding shares.
MER Telemanagement Solutions Ltd. (NASDAQ:MTSL), a global provider of Mobile Virtual Network Enabler (MVNE), Mobile Money and telecommunications expense management (TEM) solutions and services, today announced its financial results for the first quarter of 2014. Net loss in the first quarter was$315,000, or $(0.07) per diluted share, compared to net income of $344,000, or $0.07 per diluted share, in the first quarter of 2013. The principal factor that adversely affected the quarter’s results was the termination of revenues from the agreement with Simple Mobile that ended on December 31, 2013. On Thursday, shares of MER Telemanagement Solutions Ltd. (NASDAQ:MTSL) dropped -11.54% % to close the day at $1.61. Company return on investment (ROI) is 23.20% and its monthly performance is recorded as -15.26%. MER Telemanagement Solutions Ltd. (NASDAQ:MTSL) quarterly revenue growth is -13.44%.