DALLAS, June 7, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring China TechFaith Wireless Comm. Tech. Ltd. (Nasdaq:CNTF). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at:
China TechFaith Wireless Comm. Tech. Ltd. (CNTF) is a China-based company with global operations focused on opportunities in mobile phones and the fast growing PC and online gaming markets. Under the TechFaith umbrella, the Company is a global mobile solutions provider for global mobile handsets market. Under its TechFace brand, the Company engages in the development of specialized mobile phones for differentiated market segments, including the rapidly growing smartphone market targeting users and operators through its QIGI brand; outdoor and sports enthusiasts through its Jungle brand; and the teen market through licensed brands. Under the Company's 17Vee brand, CNTF has built a leading, intellectual property-based motion gaming business ranging from Bluetooth enabled motion gaming controllers and software to a recently launched proprietary set-top motion game box.
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In the report, the analyst notes:
"Shares of CNTF dropped over 16% to close Monday's session at $4.41. The stock reached an intraday high of $5.24 before settling down. Over 3.35 million shares have traded hands during the session, versus the 10-day average volume of 667.70K. Over the last 52 weeks, CNTF has seen a low of $2.34 and a high of $6.96."
"CNTF yesterday reaffirmed its revenue guidance of $82 million to $84 million for the second quarter of 2011, with gross margin levels similar to the previous quarter."
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