Research Reports Initiation on Communication Equipment Stocks -- CommScope, Acacia Communications, Mitel Networks, and Knowles

Sep 22, 2016, 07:40 ET from Chelmsford Park SA

NEW YORK, September 22, 2016 /PRNewswire/ --

On Wednesday, September 21, 2016, the NASDAQ Composite ended the trading session at 5,295.18, up 1.03%; the Dow Jones Industrial Average edged 0.90% higher, to finish at 18,293.70; and the S&P 500 closed at 2,163.12, up 1.09%. Today, looks at the performance of the following Communication Equipment stocks: CommScope Holding Company Inc. (NASDAQ: COMM), Acacia Communications Inc. (NASDAQ: ACIA), Mitel Networks Corporation (NASDAQ: MITL), and Knowles Corporation (NYSE: KN). You can access of our complimentary research reports on these stocks now at:

CommScope Holding  

On Wednesday, shares in Hickory, North Carolina headquartered CommScope Holding Co. Inc. recorded a trading volume of 7.57 million shares, which was higher than their three months average volume of 1.47 million shares. The stock ended the day 0.62% lower at $30.64. CommScope Holding's stock has advanced 6.57% in the last one month. The Company is trading above its 50-day and 200-day moving averages by 2.12% and 10.21%, respectively. Furthermore, shares of CommScope Holding, which provides infrastructure solutions for communications networks worldwide, have a Relative Strength Index (RSI) of 56.73.

On September 20th, 2016, research firm Morgan Stanley initiated an 'Equal-Weight' rating on the Company's stock, issuing a target price of $35 per share. Visit us today and download your complete report on COMM for free at:

Acacia Communications  

Maynard, Massachusetts headquartered Acacia Communications Inc.'s stock finished Wednesday's session 8.43% higher at $118.49 with a total volume of 1.73 million shares traded. Over the last one month and the previous three months, shares of Acacia Communications, which provides high-speed coherent interconnect products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region, have surged 0.77% and 198.61%, respectively. Shares of the Company traded at a PE ratio of 163.43. The Company's shares are trading above its 50-day and 200-day moving averages by 34.98% and 80.87%, respectively. Acacia Communications' stock has an RSI of 60.64.

On September 9th, 2016, research firm Deutsche Bank reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $90 a share to $125 a share. The complimentary research report on ACIA can be accessed at

Mitel Networks  

Ottawa, Canada headquartered Mitel Networks Corp.'s stock advanced 2.09%, to close the day at $7.34. The stock recorded a trading volume of 292,698 shares. Mitel Networks' shares gained 12.58% in the previous three months and 4.86% in the past one year. Shares of the Company, which provides business communications and collaboration software, services, and solutions in the Americas, the European Union, the Middle East, Africa, and the Asia-Pacific regions, are trading 2.80% above its 200-day moving average. Additionally, the stock has an RSI of 48.24. Register for free on and download the PDF research report on MITL at:


On Wednesday, shares in Itasca, Illinois headquartered Knowles Corp. ended the session 0.36% higher at $14.01 with a total volume of 742,473 shares traded. Knowles's shares have advanced 0.36% in the past one month. The stock is trading 3.87% above its 200-day moving average. Moreover, shares of the Company, 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 46.61.

On September 20th, 2016, research firm Susquehanna initiated a 'Negative' rating on the Company's stock, issuing a target price of $12 per share. Get free access to your research report on KN at:


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