Technical Pulse on Communications Equipment Stocks -- Cisco Systems, Nokia, Sonus Networks, Finisar, and ADTRAN
21 Apr, 2015, 08:50 ET
LONDON, April 21, 2015 /PRNewswire/ --
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Investor-Edge has initiated coverage on the following equities: Cisco Systems Inc. (NASDAQ: CSCO), Nokia OYJ (NYSE: NOK), Sonus Networks Inc. (NASDAQ: SONS), Finisar Corporation (NASDAQ: FNSR), and ADTRAN Inc. (NASDAQ: ADTN). Free research report on Cisco Systems can be accessed at http://get.Investor-Edge.com/pdf/?c=Cisco%20Systems&d=21-Apr-2015&s=CSCO. On Monday, April 20, 2015, the NASDAQ Composite ended at 4,994.60, up 1.27%, the Dow Jones Industrial Average advanced 1.17%, to finish the day at 18,034.93, and the S&P 500 closed at 2,100.40, up 0.92%. The gains were broad based as all the sectors ended the session in positive. The S&P 500 Information Technology Sector Index ended the day at 704.17, up 1.79%, with the index also advancing 3.85% in the previous three months. Register for your complimentary reports at the links given below.
Cisco Systems Inc.'s stock gained 2.02%, to close Monday's session at $28.48, after oscillating between $28.16 and $28.63. The stock recorded a trading volume of 21.90 million shares, below its three months average volume of 29.39 million shares. Over the previous three trading sessions and the last three months, Cisco Systems Inc.'s shares have advanced 0.81% and 1.46%, respectively. Additionally, from the beginning of 2015, the stock has gained 2.39%. The company is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $28.36 is above its 200-day moving average of $26.44. Further, Cisco Systems Inc.'s stock traded at a PE ratio of 16.42 and has a Relative Strength Index (RSI) of 49.33. Sign up and read the free notes on CSCO at:
Nokia OYJ's stock finished Monday's session 0.13% lower at $7.61. A total of 36.24 million shares were traded, which was much above its three months average volume of 23.14 million shares. The stock moved between $7.57 and $7.66 during the session. Nokia OYJ's shares have fallen by 2.93% in the previous three trading sessions and 0.78% in the last three months. Additionally, the stock has lost 3.18% since the start of this year. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $7.97 is greater than its 50-day moving average of $7.85. Nokia OYJ's stock has an RSI of 43.70. The complimentary notes on NOK can be downloaded as in PDF format at:
On Monday, shares in Sonus Networks Inc. fluctuated between $7.80 and $8.04 before ending the session 2.68% higher at $8.04. The stock reported a trading volume of 1.16 million shares, close to its three months average volume of 1.19 million shares. Although, Sonus Networks Inc.'s shares have advanced 2.55% in the previous three trading sessions, it has plummeted 44.30% in the last one month and 59.50% on YTD basis. The company is trading below its 50-day and 200-day moving averages of $13.35 and $17.16, respectively. Moreover, shares of Sonus Networks Inc. have an RSI of 18.71. Register for free on Investor-Edge and access the latest research on SONS at:
Finisar Corp.'s stock advanced 1.92%, to close the day at $21.26. The stock recorded a trading volume of 0.94 million shares, much below its three months average volume of 1.44 million shares. The stock oscillated between $20.99 and $21.43 during the session. Over the last three trading sessions and over the past three months, Finisar Corp.'s shares have gained 1.72% and 15.11%, respectively. Further, the stock has advanced 9.53% since the start of 2015. The company is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $21.25 is above its 200-day moving average of $19.05. Additionally, Finisar Corp. traded at a PE ratio of 51.44 and has an RSI of 44.72. The complete research on FNSR is available for free at:
On Monday, shares in ADTRAN Inc. recorded a trading volume of 0.71 million shares, close to its three months average volume of 0.72 million shares. The stock ended the day at $18.27, which was 2.19% below its previous day's closing of $18.68, and registered an intraday range of $18.07 and $18.73. Shares of the company traded at a PE ratio of 26.29. ADTRAN Inc.'s shares have lost 3.99% in the previous three trading sessions, 2.77% in the last one month and 16.19% on YTD basis. The company is trading below its 50-day and 200-day moving averages of $20.32 and $21.23, respectively. Furthermore, shares of ADTRAN Inc. have an RSI of 40.61. Free in depth research on ADTN is available at:
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