Pre-market Technical Scan on Communication Equipment Equities -- Ericsson, Infinera, Lumentum, and Knowles
NEW YORK, Dec. 26, 2017 /PRNewswire/ --
WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on ERIC, INFN, LITE, and KN which can be accessed for free by signing up to http://www.wallstequities.com/registration. WallStEquities.com has initiated research coverage on Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC), Infinera Corp. (NASDAQ: INFN), Lumentum Holdings Inc. (NASDAQ: LITE), and Knowles Corp. (NYSE: KN). These companies operate in the Communication Equipment industry, which includes manufacturers of communications equipment and products, including LANs, WANs, routers, telephones, switchboards, and exchanges. All you have to do is sign up today for this free limited time offer, click the link below. http://www.wallstequities.com/registration
Ericsson
Last Friday, Stockholm, Sweden headquartered Telefonaktiebolaget LM Ericsson's stock declined 0.30%, to close the day at $6.64. A total volume of 1.34 million shares was traded. The Company's shares have advanced 3.91% in the last month, 16.49% in the previous three months, and 13.89% on an YTD basis. The stock is trading 5.81% above its 50-day moving average and 3.65% above its 200-day moving average. Additionally, shares of Ericsson, which provides telecommunications equipment and related services to mobile and fixed network operators, have a Relative Strength Index (RSI) of 57.24.
On December 11th, 2017, Ericsson announced that Verizon has selected the Company to provide networking equipment for its commercial 5G launch. VZ will deploy the pre-standard 5G commercial radio network and the 5G Core network in select markets in the second half of 2018. The companies are demonstrating continued industry leadership by accelerating the path to 5G. They plan to work together to move the mobile ecosystem towards rapid commercialization of 5G. Get the full research report on ERIC for free by clicking below at: http://www.wallstequities.com/registration/?symbol=ERIC
Infinera
Shares in Sunnyvale, California headquartered Infinera Corp. saw a slight decline of 0.86%, finishing Friday's session at $6.90. The stock recorded a trading volume of 659,180 shares. The Company's shares are trading below their 50-day moving average by 8.13%. Furthermore, shares of Infinera, which provides optical transport networking equipment, software, and services worldwide, have an RSI of 44.78. Free research on INFN can be accessed at: http://www.wallstequities.com/registration/?symbol=INFN
Lumentum Holdings
Milpitas, California headquartered Lumentum Holdings Inc.'s stock finished 1.03% lower at $52.80 last Friday at the close. A total volume of 992,510 shares was traded. The Company's shares have advanced 1.73% in the previous three months and 36.61% on an YTD basis. The stock is trading below its 200-day moving average by 4.89%. Additionally, shares of Lumentum, which manufactures and sells optical and photonic products for optical networking and commercial laser customers worldwide, have an RSI of 46.82.
On November 29th, 2017, Lumentum announced that it received the 2017 "Joint Innovation Partner" award from Huawei, one of the world's foremost providers of communications and data network solutions. The prestigious award recognizes the strong partnership between these two companies that are working together on product planning, joint technology, and product development initiatives.
On December 11th, 2017, research firm Northland Capital upgraded the Company's stock rating from 'Market Perform' to 'Outperform'. Visit WallStEquities.com now and sign up for the free research on LITE at: http://www.wallstequities.com/registration/?symbol=LITE
Knowles
Itasca, Illinois headquartered Knowles Corp.'s shares ended the session 1.32% lower at $14.98. The stock recorded a trading volume of 565,172 shares. Shares of the Company have advanced 0.74% over the previous three months. The stock is trading 4.61% below its 50-day moving average. Moreover, shares of Knowles, which designs, manufactures, and sells micro-acoustic, audio processing, and specialty component solutions to the mobile consumer electronics, communications, medical, military, aerospace, and industrial markets worldwide, have an RSI of 45.34.
On November 28th, 2017, Knowles announced that it has completed the sale of its timing device (oscillator) business, part of the Precision Devices segment, to Microsemi Corporation for $130 million in cash, subject to customary adjustments. The Company expects to use a portion of the net proceeds to reduce outstanding borrowings under its revolving credit facility. It also expects to reclassify the assets, liabilities, and results of the operations of the timing device business to discontinued operations in Q4 2017.
On December 21st, 2017, research firm Piper Jaffray initiated a 'Neutral' rating on the Company's stock, with a target price of $15.50 per share. The free technical report on KN is available at: http://www.wallstequities.com/registration/?symbol=KN
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