Early Briefing and Review: Alcatel-Lucent, QUALCOMM Inc., Tellabs Inc., and Sonus Networks Inc.
LONDON, October 25, 2013 /PRNewswire/ --
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On Thursday, October 24, 2013, all three benchmark indexes of the US equity market closed higher with the S&P 500, the Dow Jones Industrial Average, and the NASDAQ Composite rising 0.33%, 0.62%, and 0.56%, respectively. Shares in the communication equipment industry ended on a mixed note, even as the broader market advanced. The major movers included Alcatel-Lucent (NYSE: ALU), QUALCOMM Inc. (NASDAQ: QCOM), Tellabs Inc. (NASDAQ: TLAB), and Sonus Networks Inc. (NASDAQ: SONS). AAAResearchReports.com has released free charting and technical research on these aforementioned companies. Register to read these reports at:
Alcatel-Lucent's stock plummeted by 2.59% to $3.38 on Thursday, after vacillating between $3.33 and $3.52 during the session. A total of 26.44 million shares were traded, which is above the daily average volume of 21.67 million. Despite Thursday's pullback, the company's shares have surged 57.94% in the previous three months, outperforming the S&P 500, which has gained 3.92% during the same period. Furthermore, Alcatel-Lucent's stock is trading above its 50-day and 200-day moving averages of $3.30 and $2.09, respectively. Sign up for free report on ALU at:
Shares in QUALCOMM Inc. fell by 0.15% on Thursday, even as the broader market posted gains. The company's shares closed the day at $66.94, after trading between $66.82 and $67.51. A total of 7.02 million shares were traded, which is below the daily average volume of 10.64 million. Despite Thursday's losses, QUALCOMM Inc.'s stock have gained 9.04% in the previous three months, compared to a gain of 3.92% in the S&P 500 during the same period. Additionally, the company's shares are trading above their 200-day moving average of $65.19. QCOM free technical report can be accessed by signing up at:
Tellabs Inc. edged higher on Thursday, tracking gains in the broader market. The company's shares closed the day 0.41% higher at $2.44, after oscillating between $2.43 and $2.46. A total of 13.06 million shares were traded, which is significantly above the daily average volume of 3.97 million. The company's shares have gained 3.39% in the last one month and 10.36% in the previous three months, compared to a gain of 3.22% and 3.92% in the S&P 500 during the respective periods. Moreover, Tellabs Inc.'s stock is trading above its 50-day and 200-day moving averages of $2.32 and $2.17, respectively. A free report on TLAB can be accessed by registering at:
On Thursday, Sonus Networks Inc.'s stock gained 2.73%, reversing most of the losses from the previous trading session. The company's shares closed the day at $3.39, after fluctuating between $3.27 and $3.40 during the trading session. A total of 1.23 million shares were traded, which is below the daily average volume of 1.86 million. Sonus Networks Inc.'s stock is trading above its 200-day moving average of $2.91. However, the company's shares have fallen by 2.02% in the last one month, compared to a gain of 3.22% in the S&P 500 during the same period. Register with AAA Research Reports and download research on SONS for free at:
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SOURCE AAA Research Reports
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