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Tech New Lows: Sungy Mobile Ltd (NASDAQ:GOMO), PC Tel Inc (NASDAQ:PCTI), Majesco Entertainment Co. (NASDAQ:COOL), Voltari Corp (NASDAQ:VLTC)

Sungy Mobile Ltd. (NASDAQ:GOMO) said it has announced its unaudited financial results for the first quarter ended March 31, 2014. Revenues from mobile application products and services increased by 103.2 percent to RMB48.7m (USD7.8m) from RMB24.0m in the prior year period. Net income increased by 23.7 percent to RMB14.2m (USD2.3m) from RMB11.5m in the prior year period. Net income, excluding the impact of the GetJar … Continue reading Tech New Lows: Sungy Mobile Ltd (NASDAQ:GOMO), PC Tel Inc (NASDAQ:PCTI), Majesco Entertainment Co. (NASDAQ:COOL), Voltari Corp (NASDAQ:VLTC)

Tech Bearish Stocks; Aruba Networks, Inc. (NASDAQ:ARUN), Voltari Corp (NASDAQ:VLTC), RiT Technologies Ltd. (NASDAQ:RITT), PC Tel Inc (NASDAQ:PCTI)

Aruba Networks Inc. (NASDAQ:ARUN) reported third quarter non-GAAP EPS of $0.20 after the bell Thursday, compared to $0.11 in the prior year period. The consensus estimate was for EPS of $0.20. Aruba Networks gapped open sharply lower Friday morning and is now down 2.89 at $17.17 on above average volume. The stock has dropped to a 5-month low. Aruba Networks, Inc. (NASDAQ:ARUN) stock performance was … Continue reading Tech Bearish Stocks; Aruba Networks, Inc. (NASDAQ:ARUN), Voltari Corp (NASDAQ:VLTC), RiT Technologies Ltd. (NASDAQ:RITT), PC Tel Inc (NASDAQ:PCTI)