Lakeway, NY -- (SBWIRE) -- 03/19/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Vonage Holdings Corp. (NYSE:VG) shares dropped 2.11% to $2.79. The company, on Feb. 13, announced that it has entered into an agreement to form a joint venture with Brazilian-based Datora Telecom to deliver communications services in Brazil. Brazil represents a substantial opportunity for Vonage and Datora, with 67 million total households, 17 million broadband households, and more than one million expats.
Additionally, the company also announced results for the fourth quarter and full year ended December 31, 2012. Fourth quarter GAAP net income was $13 million or $0.06 per share, flat sequentially, and down from GAAP net income of $350 million or $1.55 per share in the year ago quarter. Revenue totaled $214 million, up from $208 million sequentially due to targeted price increases and higher Universal Service Fund ("USF") and international pay-per-use revenue.
Is VG a Strong After The recent price Movement? Let’s Find out Here
Marvell Technology Group Ltd. (NASDAQ:MRVL) stock decreased 1.64% to $10.52. The company will begin trading ex-dividend on March 12, 2013. A cash dividend payment of $0.06 per share is scheduled to be paid on April 04, 2013. Shareholders who purchased MRVL stock prior to the ex-dividend date are eligible for the cash dividend payment.
Additionally, the company, on Feb. 21, reported a fiscal fourth-quarter profit of $50 million, or 9 cents a share, on $775 million in revenue. During the same period a year ago, Marvell earned $81 million, or 13 cents a share, on revenue of $743 million. Adjusted earnings were $104 million, or 19 cents a share. Analysts had forecast Marvell to earn 13 cents a share on sales of $721 million.
Is MRVL a Strong Buying Opportunity After The Recent Slump? Find out Here
National-Oilwell Varco, Inc.(NYSE:NOV) shares fell 1.70% and closed at $69.33. NOV’s stock had its “buy” rating restated by equities researchers at TheStreet in a report issued on Mar. 12.
Additionally, the company has scheduled a conference call to discuss the first quarter results of 2013 on Friday, April 26, 2013 at 8:00 a.m. Central Time. Financial results for the first quarter of 2013 are expected to be released that morning before the market opens.
Is NOV Signaling a Buy Signal After The recent Volatility? Let’s Find out Here
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