NEW YORK, April 27, 2017 /PRNewswire/ --
For today, Stock-Callers.com revisits the Communication Equipment industry, which includes manufacturers of communications equipment and products such as LANs, WANs, routers, telephones, switchboards, and exchanges. Equities under evaluation this morning are: QUALCOMM Inc. (NASDAQ: QCOM), Nokia Corp. (NYSE: NOK), Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC), and Viavi Solutions Inc. (NASDAQ: VIAV). Learn more about these stocks by accessing their free research reports at:
San Diego, California headquartered QUALCOMM Inc.'s shares rose 0.08%, finishing Wednesday's trading session at $53.04. A total volume of 7.36 million shares was traded. The stock is trading below its 50-day moving average by 5.50%. Moreover, shares of QUALCOMM, which develops, designs, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, the US, and internationally, have a Relative Strength Index (RSI) of 31.30.
On April 20th, 2017, research firm Canaccord Genuity reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $76 a share to $75 a share.
On April 23rd, 2017, QUALCOMM and Smartron India Private Limited announced that they have entered into a 3G and 4G patent license agreement. Under its terms, QUALCOMM has granted Smartron a royalty-bearing patent license to develop, manufacture, and sell WCDMA, CDMA2000, and 4G LTE complete devices. With this agreement, Smartron joins the growing list of key Indian OEMs to have direct access to QUALCOMM's technology. Free research report on QCOM is available at:
On Wednesday, shares in Espoo, Finland headquartered Nokia Corp. recorded a trading volume of 23.21 million shares, which was above their three months average volume of 12.15 million shares. The stock ended the session 1.10% lower at $5.37. The Company's shares have gained 16.23% over the previous three months and 11.64% on an YTD basis. The stock is trading 1.94% above its 50-day moving average and 4.28% above its 200-day moving average. Furthermore, shares of Nokia, which together with its subsidiaries, provides network infrastructure and related services worldwide, have an RSI of 54.72.
On April 24th, 2017, Nokia announced that its multi-year virtual reality (VR) technology agreement with The Walt Disney Studios continues with new immersive experiences to complement Lucasfilm's Star Wars: The Last Jedi, which arrives in theaters this December. Through the agreement, Nokia is providing its OZO VR camera and software solutions to give Disney marketers and filmmakers the tools they need to create the most immersive, transformative VR content. The complimentary research report on NOK can be downloaded at:
Shares in Stockholm, Sweden headquartered Telefonaktiebolaget LM Ericsson closed at $6.38, up 2.08% from the last trading session. The stock recorded a trading volume of 6.43 million shares, which was above its three months average volume of 4.58 million shares. The Company's shares have gained 10.21% over the previous three months and 11.34% since the start of this year. The stock is trading 0.53% and 2.95% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Ericsson, which provides telecommunications equipment and related services to mobile and fixed network operators, have an RSI of 50.19.
On April 12th, 2017, research firm Credit Suisse upgraded the Company's stock rating from 'Underperform' to 'Neutral'.
On April 19th, 2017, the Company announced the launch of Ericsson MediaFirst Management Controller and Ericsson MediaFirst Encoding Live 8.1 at NAB Show 2017 in Las Vegas. The fully virtualized processing solution enables operators to capitalize on consumer demand for new services in areas such as UHD, virtual and augmented reality, along with new revenue generating opportunities like dynamic ad insertion. Visit us today and access our complete research report on ERIC at:
Milpitas, California headquartered Viavi Solutions Inc.'s stock ended 2.16% lower at $9.96 with a total trading volume of 2.79 million shares. The Company's shares have advanced 10.42% over the previous three months and 21.76% on an YTD basis. The stock is trading above its 200-day moving average by 18.04%. Furthermore, shares of Viavi Solutions, which provides network test, monitoring, and assurance solutions to communications service providers, and enterprises and their ecosystems worldwide, have an RSI of 47.07.
On April 13th, 2017, Viavi Solutions announced that it will report its Q3 FY17 financial results for the period ended April 01st, 2017 on Tuesday, May 02nd, 2017, after the close of market. The Company will host an earnings call at 4:30 p.m. ET on the same day. A live webcast of the call and the replay will be available on the Company's website. Get free access to your research report on VIAV at:
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