NEW YORK, October 25, 2016 /PRNewswire/ --
Focus is redirected to the Communication Equipment segment which is engaged in the manufacturing of telecommunications equipment such as telephones, modems, cable decoders, carrier switches, fiber cable, and wireless and satellite communication equipment. This morning, Stock-Callers.com reviews the performances of the following companies: 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: http://stock-callers.com/registration
Espoo, Finland headquartered Nokia Corp.'s shares gained 1.02%, closing Monday's trading session at $4.97 with a total trading volume of 5.75 million shares. The stock is trading 10.62% below its 50-day moving average. Shares of the Company, which together with its subsidiaries, provides network infrastructure and related services worldwide, have a Relative Strength Index (RSI) of 30.99.
On October 24th, 2016, Nokia and Globe Telecom, a leading telecom operator in the Philippines, signed two Memoranda of Confirmation frame agreements - one for wireless technologies and the other for IP, Optical and SDN technologies - under which Nokia will transform Globe Telecom's current fixed and mobile networks into a more robust network that will help Globe meet the country's burgeoning and future digital demands. Free research report on NOK is available at: http://stock-callers.com/registration/?symbol=NOK
On Monday, San Diego, California headquartered QUALCOMM Inc.'s stock recorded a trading volume of 6.33 million shares, and finished 0.19% higher at $68.06. The Company's shares have advanced 8.46% in the last month, 11.88% in the previous three months, and 39.92% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.42% and 24.75%, 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 63.68.
On October 12th, 2016, research firm Canaccord Genuity reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $70 a share to $75 a share.
On October 19th, 2016, Qualcomm announced that Alex Rogers has been promoted to executive vice president and president of Qualcomm Technology Licensing (QTL), effective immediately. Rogers has led QTL since March 2016. In this role, Rogers is responsible for the strategic direction and oversight of QTL, including managing the division's day-to-day operations. The complimentary research report on QCOM can be downloaded at: http://stock-callers.com/registration/?symbol=QCOM
Stockholm, Sweden headquartered Telefonaktiebolaget LM Ericsson's stock finished the day flat at $5.10. A total volume of 21.79 million shares was traded, which was above their three months average volume of 6.01 million shares. The Company's shares are trading below their 50-day moving average by 25.29%. Additionally, shares of Ericsson, which provides telecommunications equipment and related services to mobile and fixed network operators, have an RSI of 15.02.
On October 13th, 2016, research firm Natixis Bleichroeder downgraded the Company's stock rating from 'Buy' to 'Neutral'.
On October 20th, 2016, Ericsson reported that during Q3 2016, sales and sales adjusted for comparable units and currency decreased by 14% Y-o-Y to SEK 51.1b, mainly driven by segment Networks where reported sales declined by 19%. The company noted that operating income declined to SEK 0.3 (5.1) b. following lower sales in the segment Networks and a lower gross margin. Gross margin declined to 28.3% (33.9%) Y-o-Y following lower mobile broadband capacity sales, a higher share of services sales, and lower sales in segment Networks. Visit us today and access our complete research report on ERIC at: http://stock-callers.com/registration/?symbol=ERIC
Shares in Hanover, Maryland headquartered Ciena Corp. ended yesterday's session 0.60% higher at $20.05. The stock recorded a trading volume of 1.50 million shares. The Company's shares are trading 3.92% above their 200-day moving average. 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 37.24.
On September 30th, 2016, research firm Stifel initiated a 'Hold' rating on the Company's stock, issuing a target price of $23 per share.
On October 17th, 2016, Ciena announced that Telecom Egypt is deploying Ciena's® GeoMesh solution and packet-optical platforms for reliable, low-latency connectivity to meet surging demands for high-bandwidth services on its national terrestrial network and submarine links between the Mediterranean and Asia. With a more agile and scalable network, Telecom Egypt's wholesale carrier, service provider, internet content provider, and consortium customers will be able to provide diverse data transit routes for international data center interconnect, disaster recovery, cloud-based services, and other high-capacity services for enterprise and consumer end-customers. With more than 160 years of operational history, Telecom Egypt is the largest provider of fixed line services in the Middle East and Africa. Get free access to your research report on CIEN at: http://stock-callers.com/registration/?symbol=CIEN
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