NEW YORK, December 22, 2016 /PRNewswire/ --
Stock-Callers.com today revisits the Communication Equipment space which is involved in the manufacturing of wireless and other communications equipment such as mobile phones, smart phones, pagers, and routers. Equities to assess today are: 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 saw a drop of 2.86%, finishing Wednesday's trading session at $4.76. A total volume of 29.79 million shares was traded which was above their three months average volume of 12.63 million shares. In the last one month, the stock has advanced 14.15%. The Company's shares are trading above their 50-day moving average by 3.71%. Moreover, shares of Nokia, which together with its subsidiaries, provides network infrastructure and related services worldwide, have a Relative Strength Index (RSI) of 56.44.
On December 15th, 2016, Nokia announced plans to acquire Deepfield, the US-based leader in real-time analytics for IP network performance management and security. Nokia stated that the acquisition will extend its leadership in real-time, analytics-driven network and service automation, providing customers including communications service providers, cable operators and cloud, Webscale, and large technology companies with greater network and application insight, control and DDoS protection. Free research report on NOK is available at:
On Wednesday, shares in San Diego, California headquartered QUALCOMM Inc. recorded a trading volume of 5.20 million shares, and ended the session 0.37% higher at $67.16. The stock has gained 0.87% in the last one month, 6.56% over the previous three months, and 39.15% since the start of this year. The Company's shares are trading 0.34% above their 50-day moving average and 14.90% above their 200-day moving average. 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 49.08.
On December 19th, 2016, Qualcomm Technologies, Inc., a subsidiary of Qualcomm, Ericsson, and SK Telecom announced plans to conduct interoperability testing and over-the-air field trials based on 5G New Radio (NR) standards being developed based on specifications in 3GPP. The trials intend to drive the mobile ecosystem toward rapid validation and commercialization of 5G NR technologies at scale, enabling timely commercial network launches based on 3GPP Rel-15 standard compliant 5G NR infrastructure and devices.
Yesterday, research firm Citigroup initiated a 'Neutral' rating on the Company's stock. The complimentary research report on QCOM can be downloaded at:
Shares in Stockholm, Sweden headquartered Telefonaktiebolaget LM Ericsson closed at $5.78, slightly down 0.52% from the last trading session. The stock recorded a trading volume of 3.79 million shares. The Company's shares have gained 11.37% in the last one month, and are trading 9.26% above their 50-day moving average. Additionally, shares of Ericsson, which provides telecommunications equipment and related services to mobile and fixed network operators, have an RSI of 67.24.
On December 16th, 2016, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Neutral' to 'Buy'.
On December 21st, 2016, Ericsson and Telstra announced that they have partnered to deploy indoor and outdoor small cells in the Telstra`s 4G LTE network, including the Ericsson Radio Dot System and Pico Cell RBS 6402. Adding small cells will help increase coverage and enhance user experience in Telstra`s 4G LTE network, enabling Telstra to continue providing a high quality and reliable mobile broadband service to its customers. Visit us today and access our complete research report on ERIC at:
At the closing bell yesterday, shares in Hanover, Maryland headquartered Ciena Corp. ended 0.12% lower at $24.81. A total volume of 2.89 million shares was traded, which was higher than their three months average volume of 2.85 million shares. The stock has advanced 13.03% in the last one month, 11.46% in the previous three months, and 19.91% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 15.66% and 24.46%, respectively. Furthermore, 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 66.39.
On December 08th, 2016, Ciena reported revenue of $716.2 million for Q4 FY16 compared to $692.0 million for Q4 FY15. Ciena reported revenue of $2.6 billion for FY16 compared to $2.4 billion for FY15. On a GAAP basis, Ciena's net income for Q4 FY16 was $36.6 million, or $0.25 per diluted common share, compared to a GAAP net loss of $13.8 million, or $0.10 per diluted common share, for Q4 FY15.
On December 20th, 2016, research firm Piper Jaffray initiated an 'Overweight' rating on the Company's stock. Get free access to your research report on CIEN at:
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