This is gigantic news for RKUS... But stock on any weakness. It is up from here
Google is working with Wi-Fi equipment maker Ruckus Wireless to build a large-scale Wi-Fi network in the cloud off of which any business could hang its wireless routers, according to a source familiar with the project who asked not to be named.
Google’s plans to supply Wi-Fi services to small and medium-sized businesses was first reported by The Information on Wednesday. But I have gotten more details on what its network would look like and how it would be rolled out. Google has been working closely with Ruckus, trialing a new software-based wireless controller that virtualizes the management functions of the Wi-Fi network in the cloud, according to my source. The end result would be a nationwide — or even global — network that any business could join and any Google customer could access.
Both Google and Ruckus declined to comment.
NET PROFIT/LOSS: Net loss for the first quarter of 2014 was RMB151.4 million (US$24.4 million), compared to a net profit of RMB12.0 million in the comparative period in 2013. The decrease in net profit was mainly due to an increase in the aforementioned one time share-based compensation expenses, non-cash loss in the fair value of contingent purchase consideration payable versus a non-cash gain in the comparative period in 2013 and an increase in interest expense.
For the second quarter of 2014, the Company expects net revenues to be in the range of RMB642 million to RMB658 million, representing approximately 38% growth year over year at the midpoint. Adjusted EBITDA is expected to be in the range of RMB132 million to RMB138 million. For the full year 2014, the Company expects net revenues to be in the range of RMB2.71 billion to RMB2.85 billion, representing approximately 40% growth over 2013 at the midpoint. Adjusted EBITDA for the full year 2014 is expected to be in the range of RMB566 million to RMB595 million, representing more than 55% growth over 2013 at the midpoint. These forecasts reflect the Company's current and preliminary view, which is subject to change.
May 21, 2014
07:15 EDT VOYA Voya Financial added to US Focus List at Credit Suisse
Credit Suisse added Voya Financial to the US Focus List to reflect excess capital and free cash flow generation that is underappreciated. Shares are Outperform rated
Weibo Corporation (WB) Reports Q1 Loss of $0.03
5:04 PM ET, 05/21/2014 - Street Insider
Weibo Corporation (NASDAQ: WB) reported Q1 EPS of ($0.03), versus ($0.13) reported last year. Revenue for the quarter came in at $67.5 million, versus $25.9 million reported last year.
For the second quarter of 2014, Weibo estimates that its net revenues to be between $74 million and $76 million. This forecast reflects Weibo's current and preliminary view, which is subject to change