On October 9, US-based mobile satellite communications company Iridium Communications Inc (NASDAQ:IRDM) has blamed that state-run Bharat Sanchar Nigam Ltd (BSNL), which is establishing a Government-funded mobile satellite communications gateway, did not follow a fair and transparent process in selecting its partner. Iridium Communications Inc. (NASDAQ:IRDM) in last trading activity moved up 0.67% to close at $8.99. Company weekly performance is 10.04% while its quarterly performance stands at 8.05%. Iridium Communications Inc. (NASDAQ:IRDM) is -5.77% away from its 52 week high.
Illumina, Inc. (NASDAQ:ILMN) announced its financial results for Q3 2014 on Monday and beat analyst expectations. The company reported revenue of $481 million, above the average estimates of $451.2 million and a 35 percent increase compared to $357 million in the third quarter of 2013. On last trading day Illumina Inc. (NASDAQ:ILMN) moved down -0.27% to close at $164.47. Its volatility for the week is 5.27% while volatility for the month is 3.72%. ILMN’s sales growth for past 5 years was 19.90% and its EPS growth for past 5 years was 24.60%. Illumina Inc. (NASDAQ:ILMN) monthly performance is -4.52%.
International Business Machines Corporation (NYSE:IBM) two decades after successfully shifting its focus to software and computer services from hardware, is showing signs of needing another overhaul. On Monday, the computing and software giant abandoned a longtime earnings target, reported sharply lower third-quarter profit on a surprising 4% downturn in sales, and said it would divest semiconductor operations that underpin much of its remaining computer business. On last trading day International Business Machines Corporation (NYSE:IBM) decreased -7.11% to close at $169.10. Its volatility for the week is 1.84% while volatility for the month is 1.44%. IBM’s sales growth for past 5 years was -0.80% and its EPS growth for past 5 years was 10.90%. International Business Machines Corporation (NYSE:IBM) monthly performance is -12.84%.
TheStreet cut shares of Astrotech Corp (NASDAQ:ASTC) from a hold rating to a sell rating in a research note issued to investors on October 15. Astrotech Corp. (NASDAQ:ASTC) has 40.91% insider ownership while its institutional ownership stands at 26.10%. In last trading activity company’s stock closed at $2.35.
A spokesman for Sears Holdings Corp. (NASDAQ:SHLD) said Monday that Sears stores in Bloomsburg, Chambersburg, Frackville, Lebanon and Pittsburgh Mills are slated to close. In addition, Sears indicated it would halt operations at the King of Prussia Mall. Sears said it would lease space to Primark, a European retailer, to occupy up to 100,000 square feet of the lower level space it has at King of Prussia. On Monday shares of Sears Holdings Corporation (NASDAQ:SHLD) closed at $34.96. Company’s sales growth for last 5 years was -5.00%.