NEW YORK, September 1, 2016 /PRNewswire/ --
The Communication Equipment industry includes companies that manufactures broadcasting and other wireless communication devices such as antennas, set-top boxes, GPS systems, cell phones, satellite uplink technologies, and radio and TV broadcasting equipment. Stock-Callers.com looks at how the following equities fared over the last few trading sessions: Nokia Corp. (NYSE: NOK), QUALCOMM Inc. (NASDAQ: QCOM), Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC), and Ciena Corp. (NYSE: CIEN). Learn more about these stocks by accessing their free research reports at:
Espoo, Finland headquartered Nokia Corp.'s shares dropped 1.22%, closing Wednesday's trading session at $5.67. The stock recorded a trading volume of 7.52 million shares. Shares of the Company have advanced 1.07% in the last month and 5.81% in the previous three months. The stock is trading 0.30% above its 50-day moving average. Additionally, shares of Nokia, which together with its subsidiaries, provides network infrastructure and related services worldwide, have a Relative Strength Index (RSI) of 51.01.
On August 12th, 2016, Nokia and China Telecom signed an agreement to expand the deployment of 4G technology in 19 provinces in China, allowing China Telecom to enhance coverage and capacity as well as the quality of experience for subscribers, while paving the way toward the introduction of 5G technology. The agreement with Nokia will also lay the foundation for China Telecom's intended launch of Voice over LTE services in 2017. Free research report on NOK is available at:
On Wednesday, shares in San Diego, California headquartered QUALCOMM Inc. recorded a trading volume of 6.52 million shares. The stock rose 0.21%, ending the day at $63.07. The Company's shares have advanced 4.96% in the last month, 15.90% over the previous three months, and 29.66% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.55% and 22.49%, respectively. Furthermore, shares of QUALCOMM, which develops, designs, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, the US, and internationally, have an RSI of 73.36.
On August 31st, 2016, QUALCOMM announced that its subsidiary, Qualcomm Technologies, Inc., has collaborated with NETGEAR to develop the new Orbi™ Tri-band Wi-Fi System by NETGEAR. Designed to deliver high-speed Wi-Fi in every corner of the home, the Orbi Tri-band Wi-Fi System is the first commercially announced mesh Wi-Fi system to utilize QTI's tri-radio 802.11ac chipsets, and the full suite of Wi-Fi Self-Organizing Network technologies designed to offer unprecedented Wi-Fi performance and simplicity. The complimentary research report on QCOM can be downloaded at:
Telefonaktiebolaget LM Ericsson
Stockholm, Sweden headquartered Telefonaktiebolaget LM Ericsson's stock finished the day 2.60% lower at $7.12 with a total trading volume of 3.00 million shares. Shares of the Company, which provides telecommunications equipment and related services to mobile and fixed network operators, are trading below their 50-day moving average by 4.53%. The stock has an RSI of 36.86.
On August 30, 2016, Ericsson and Cisco announced an agreement to supply and install IP networks for C&W Communications, which operates the retail brand Flow, in three Caribbean markets. The plans include an upgrade to the IP backbone network in the Bahamas to improve performance and support an increase of traffic, and a new business-to-business IP/MPLS network in Jamaica and Barbados. Visit us today and access our complete research report on ERIC at:
Shares in Hanover, Maryland headquartered Ciena Corp. ended yesterday's session 1.29% lower at $21.45. The stock recorded a trading volume of 4.49 million shares, which was above its three months average volume of 3.11 million shares. The Company's shares have advanced 14.34% in the last one month, 7.09% over the previous three months, and 3.67% on an YTD basis. The stock is trading 6.79% and 10.50% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Ciena, which provides equipment, software, and services that support the transport, switching, aggregation, service delivery, and management of voice, video, and data traffic on communications networks worldwide, have an RSI of 60.59.
On August 17th, Ciena announced that it will release results for its fiscal Q3 ended July 31st, 2016 on September 1st, 2016 before the open of the financial markets. In conjunction with the announcement, Ciena's management will host a live audio web broadcast beginning at 8:30 AM (ET) on September 1st, 2016 accessible via http://www.ciena.com.
On August 29th, 2016, research firm Deutsche Bank reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $17 a share to $18.50 a share. Get free access to your research report on CIEN at:
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