NEW YORK, March 22, 2017 /PRNewswire/ --
On Tuesday, March 21, 2017, US markets saw broad based losses with eight out of nine sectors finishing the trading sessions in red. Major US indices were also bearish at the close of yesterday's session. The NASDAQ Composite ended the day at 5,793.83, down 1.82%; the Dow Jones Industrial Average edged 1.14% lower, to finish at 20,668.01; and the S&P 500 closed at 2,344.02, down 1.24%. This Wednesday morning, Stock-Callers.com looks at the performance of these four Communication Equipment stocks: Infinera Corporation (NASDAQ: INFN), ARRIS International PLC (NASDAQ: ARRS), Harmonic Inc. (NASDAQ: HLIT), and ViaSat Inc. (NASDAQ: VSAT). You can access our complimentary research reports on these stocks now at:
Sunnyvale, California headquartered Infinera Corp.'s stock declined 3.76%, to close the day at $10.50. The stock recorded a trading volume of 2.86 million shares, which was above its three months average volume of 2.15 million shares. Infinera's shares have gained 18.51% in the last three months. The Company's shares are trading 5.08% and 9.04% above its 50-day and 200-day moving averages, respectively. Additionally, shares of the Company, which provides optical transport networking equipment, software, and services worldwide, have a Relative Strength Index (RSI) of 49.37.
On March 16th, 2017, research firm Goldman upgraded the Company's stock rating from 'Neutral' to 'Buy'. Visit us today and download your complete report on INFN for free at:
On Tuesday, shares in Suwanee, Georgia headquartered ARRIS International PLC recorded a trading volume of 3.54 million shares, which was higher than their three months average volume of 2.00 million shares. The stock ended the day 0.77% lower at $25.91. Shares of the Company, which together with its subsidiaries, provides media entertainment and data communications solutions in the US and internationally, are trading at a PE ratio of 301.28. ARRIS International's stock has gained 14.24% in the past one year. The Company's shares are trading below its 50-day and 200-day moving averages by 7.69% and 5.57%, respectively. Furthermore, ARRIS International's shares have an RSI of 41.91.
On March 14th, 2017, research firm Goldman upgraded the Company's stock rating from 'Neutral' to 'Buy'. The complimentary research report on ARRS can be accessed at:
On Tuesday, shares in San Jose, California headquartered Harmonic Inc. ended the session 1.72% lower at $5.70, with a total volume of 572,591 shares traded. Harmonic's shares have gained 6.54% in the last three months and 74.85% in the previous one year. The stock is trading 4.74% above its 50-day moving average and 23.38% above its 200-day moving average. Moreover, shares of the Company, which designs, manufactures, and sells video infrastructure products and system solutions worldwide, have an RSI of 50.65.
On March 14th, 2017, research firm Drexel Hamilton downgraded the Company's stock rating from 'Buy' to 'Hold'. Register for free on Stock-Callers.com and download the PDF research report on HLIT at:
Carlsbad, California headquartered ViaSat Inc.'s stock finished Tuesday's session 0.43% lower at $64.42, with a total volume of 718,243 shares traded. The Company's shares are trading below its 50-day and 200-day moving averages by 2.34% and 9.05%, respectively. Shares of ViaSat, which provides broadband and communications products and services worldwide, are trading at a PE ratio of 152.65. Additionally, the stock has an RSI of 38.01. Get free access to your research report on VSAT at:
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