Tech Losers: Tibco Software (NASDAQ:TIBX), On Track Innovations (NASDAQ:OTIV), Transgenomic Inc (NASDAQ:TBIO), MRV Communications (NASDAQ:MRVC), Zoom Technologies Inc (NASDAQ:ZOOM)

Technology Stocks News 4

Tibco Software Inc. (NASDAQ:TIBX) has been on a downfall ever since its Q2 results were announced. The company’s results were disappointing and with sales of about $251 million in Q2 and a non-GAAP EPS of about $0.14 which was way lower than the earnings per share Tibco Software Inc. (NASDAQ:TIBX) gave a year ago in the same quarter. Tibco Software Inc. (NASDAQ:TIBX) stock performance was -6.10% in last session and finished the day at $19.55. Traded volume was 12.24million shares in the last session and the average volume of the stock remained 2.98million shares. The beta of the stock remained 1.56. Tibco Software Inc. (NASDAQ:TIBX) insider ownership is 6.50%.

On Track Innovations Ltd. (USA) (NASDAQ:OTIV), announced on 05 June 2014 that it has signed a five-year contract to help manage more than 5,000 on-street parking spaces in Arlington County, Virginia. Arlington County was one of the first areas in the US to adopt cashless parking solutions. oti’s EasyPark in-vehicle parking device will replace the county’s existing iPark system. On Track Innovations Ltd (USA) (NASDAQ:OTIV) dropped -5.68 percent to $2.49 Friday on volume of 187.10K shares. The intra-day range of the stock was $2.45 to $2.64. On Track Innovations Ltd (USA) (NASDAQ:OTIV) has a market capitalization of $82.54million.

Transgenomic Inc. (NASDAQ:TBIO) gives innovative goods for that purification in addition to analysis connected with nucleic acids employed in the life sciences market intended for exploration devoted to molecular genes in addition to diagnostics. Transgenomic Inc (NASDAQ:TBIO)’s stock on June 20, 2014 reported a decrease of -20.10% to the closing price of $3.10. Its fifty two weeks range is $3.10-$3.88. The total market capitalization recorded $22.80million. The overall volume in the last trading session was 89.70K shares. In its share capital, has 7.35million outstanding shares.

MRV Communications, Inc. (NASDAQ:MRVC), a leading provider of innovative packet and optical solutions, announced today the launch of the groundbreaking OptiPacket (OP-X) metro service edge platform. The new OP-X series of products combines the field-proven technology and expertise of MRV’s optical and packet product families into an all-in-one, highly flexible, intelligent architecture. By optimizing the platform for packet, optical and converged packet-optical networks, MRV is enabling service providers to seamlessly deliver multilayer services over the same metro service edge.  On Friday, shares of MRV Communications, Inc. (NASDAQ:MRVC) dropped -6.84% to close the day at $13.48. Company return on investment (ROI) is -8.70% and its monthly performance is recorded as 10.86%. MRV Communications, Inc. (NASDAQ:MRVC) quarterly revenue growth is -9.53%.

On May 21, 2014, Zoom Technologies, Inc. (NASDAQ:ZOOM) (the “Company”) received a Nasdaq Staff Deficiency Letter indicating that, as a result of the Company not timely filing its Quarterly Report on Form 10-Q for the quarter ended March 31, 2014 (the “2014 Q1 Report”), the Company failed to comply with the periodic filing requirements for continued listing set forth in Rule 5250(c)(1) of the Nasdaq Listing Rules. In accordance with Nasdaq Listing Rule 5810(c)(2), Nasdaq has provided the Company until June 16, 2014 to submit a plan to regain compliance. The Company expects to file its 2014 Q1 Report in short order, and fully expects to be able to meet the June 16, 2014 deadline. Zoom Technologies Inc (NASDAQ:ZOOM) stock performance was -11.26% in last session and finished the day at $2.60. Traded volume was 30.70K shares in the last session and the average volume of the stock remained 36.39K shares. The beta of the stock remained 3.47. Zoom Technologies Inc (NASDAQ:ZOOM) insider ownership is 25.27%.

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