NEW YORK, August 3, 2016 /PRNewswire/ --
Almost every sector nowadays revolves around technology, and given the strong demand for connectivity, players in the Communication Equipment industry are in constant competition to produce and deliver better and more affordable devices. Today, Stock-Callers.com shifts investors' attention to four Communication Equipment equities, namely, Polycom Inc. (NASDAQ: PLCM), Infinera Corp. (NASDAQ: INFN), Viavi Solutions Inc. (NASDAQ: VIAV), and ARRIS International PLC (NASDAQ: ARRS). Download the free research reports on these stocks today:
Shares in San Jose, California headquartered Polycom Inc. ended Tuesday's session flat at $12.40. The stock recorded a trading volume of 4.04 million shares, which was above its three months average volume of 3.20 million shares. The Company's shares have gained 11.01% in the last one month and 6.16% in the previous three months. The stock is trading 4.57% above its 50-day moving average and 5.27% above its 200-day moving average. Moreover, shares of Polycom, which provides collaboration solutions for voice, video, and content sharing, have a Relative Strength Index (RSI) of 64.69.
On July 22nd, 2016, Polycom, reported revenues of $288 million for Q2 2016. On a GAAP basis, Polycom reported a net loss of $10 million, or $0.7 per share for Q2 2016. On a non-GAAP basis, Polycom's net income came in at $29 million. The company also reported earnings of $0.21 per diluted share. See our free and comprehensive research report on PLCM at:
Sunnyvale, California headquartered Infinera Corp.'s stock finished flat at $8.62 at the close. A total volume of 4.92 million shares was traded, which was above their three months average volume of 2.93 million shares. The Company's shares are trading 27.74% below their 50-day moving average. Additionally, shares of Infinera, which provides optical transport networking equipment, software, and services worldwide, have an RSI of 28.09.
On July 27th, 2016, Infinera reported GAAP revenue of $258.8 million for Q2 2016 compared to GAAP revenue of $207.3 million for Q2 2015. The company stated that GAAP gross margin for the reported quarter was 47.8% compared to 46.7% in Q2 2015. Infinera reported GAAP net income of $11.5 million, or $0.08 per diluted share, for Q2 2016 compared to $17.9 million, or $0.13 per diluted share, for Q2 2015.
On July 28th, 2016, research firm Needham reiterated its 'Strong Buy' rating on the Company's stock with a decrease of the target price to $15 a share from $20 a share. INFN free research report PDF is just a click away at:
On Tuesday, shares in Milpitas, California headquartered Viavi Solutions Inc. recorded a trading volume of 1.58 million shares. The stock ended the day 1.68% lower at $7.01. The Company's shares have gained 6.05% in the past month, 9.02% in the previous three months, and 15.11% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.19% and 10.49%, respectively. Furthermore, shares of Viavi Solutions, which engages in the network enablement, service enablement, and communications and commercial optical products businesses, have an RSI of 52.50.
On July 15th, 2016, Viavi Solutions announced the upcoming release of its fiscal fourth quarter and year-end 2016 financial results for the period ended July 2nd, 2016, on August 11th, 2016, after the close of market. The Company will host an earnings call on the same day at 4:30pm ET. Sign up for your complimentary report on VIAV at:
Suwanee, Georgia headquartered ARRIS International PLC's stock saw a decline of 2.22%, finishing yesterday's session at $26.87 and with a total volume of 1.55 million shares traded. The Company's shares have advanced 26.33% in the last one month and 16.02% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 13.53% and 6.04%, respectively. Additionally, shares of ARRIS International, which provides media entertainment and data communications solutions in the U.S. and internationally, have an RSI of 66.72.
On July 27th, 2016, ARRIS International reported GAAP revenues of $1.730 billion for Q2 2016, up $470 million or 37% as compared to revenues of $1.260 billion in Q2 2015. The company's GAAP net income was $0.44 per diluted share in Q2 2016 as compared to GAAP net income of $0.11 per diluted share in Q2 2015.
On July 28th, 2016, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price to $33 a share from $31 a share. Register for free on Stock-Callers.com and download the latest research report on ARRS at:
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