NEW YORK, December 12, 2016 /PRNewswire/ --
Stock-Callers.com is currently reviewing these Communication Equipment equities: Harmonic Inc. (NASDAQ: HLIT), DragonWave Inc. (NASDAQ: DRWI), Impinj Inc. (NASDAQ: PI), and Turtle Beach Corp. (NASDAQ: HEAR). The Communication Equipment sector is focused on manufacturing and selling communications equipment, software, and products including LANs, WANs, routers and telephones. On average, companies in this sector offer a dividend yield that is in-line with the wider technology sector. Sign up today and download for free the research reports for the stocks covered today at:
Last Friday, shares in San Jose, California headquartered Harmonic Inc. ended the session 0.98% higher at $5.15. The stock recorded a trading volume of 435,812 shares. The Company's shares have advanced 2.79% in the previous three months and 26.54% on an YTD basis. The stock is trading above its 200-day moving average by 32.90%. Furthermore, shares of Harmonic, which designs, manufactures, and sells video infrastructure products and system solutions worldwide, have a Relative Strength Index (RSI) of 54.30.
On November 9th, 2016, Harmonic reported net revenue of $101.4 million for Q3 2016 compared to $83.3 million for Q3 2015. The company's bookings for Q3 2016 were $97.3 million compared to $74.6 million for Q3 2015. Harmonic's GAAP net loss for Q3 2016 was $16.0 million, or $0.21 loss per diluted share, compared to a GAAP net loss of $4.8 million, or $0.05 loss per diluted share, for Q3 2015.
On December 6th, 2016, research firm Dougherty & Company initiated a 'Buy' rating on the Company's stock, issuing a target price of $7 per share. HLIT complete research report is just a click away at:
Ottawa, Canada headquartered DragonWave Inc.'s stock finished 3.70% higher at $2.80 with a total trading volume of 32,270 shares. The Company's shares have gained 2.94% over the previous three months and 1.82% since the start of this year. The stock is trading below its 50-day moving average by 8.41%. Moreover, shares of DragonWave, which provides high-capacity packet microwave solutions that drive next-generation IP networks worldwide, have an RSI of 46.54.
On November 21st, 2016, DragonWave announced that it has won this year's Fierce Innovation Awards: Telecom Edition, a carrier-reviewed awards program from the publisher of FierceWireless, FierceTelecom, and FierceCable. DragonWave was named winner in the category Rural Wireless Networks for its innovative, industry-leading product Harmony Enhance Multi-Channel. The complimentary report on DRWI can be downloaded at:
Shares in Seattle, Washington-based Impinj Inc. closed the day 6.75% lower at $31.89. The stock recorded a trading volume of 1.11 million shares, which was above its three months average volume of 618,070 shares. The Company's shares have gained 3.04% in the last month and 77.46% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 8.29% and 15.40%, respectively. Moreover, shares of Impinj, which provides ultra-high frequency radio frequency identification solutions for identifying, locating, and authenticating items, have an RSI of 55.51.
On December 7th, 2016, Impinj announced the closing of its follow-on public offering of 4,043,249 shares of common stock at a price to the public of $27.00 per share, which included the full exercise of the underwriters' option to purchase 527,380 additional shares from Impinj. The offering included 1,527,380 shares sold by Impinj and 2,515,869 shares sold by certain selling stockholders. The company estimates net proceeds from the offering to be approximately $38.7 million. Sign up for your complimentary report on PI at:
San Diego, California headquartered Turtle Beach Corp.'s shares recorded a trading volume of 152,814 shares last Friday. The stock closed 1.81% lower at $1.63. The Company's shares have surged 20.74% in the past month and 61.39% in the previous three months. The stock is trading 15.90% above its 50-day moving average and 42.59% above its 200-day moving average. Additionally, shares of Turtle Beach, which develops, commercializes, and markets audio technologies under the Turtle Beach and HyperSound brands in the US, the UK, Europe, and internationally, have an RSI of 58.79.
On November 10th, 2016, Turtle reported that net revenue in Q3 2016 increased 7% to $38.4 million compared to $35.9 million in Q3 2015. The company's gross margin in Q3 2016 was 10.2% compared to 26.7% in Q3 2015. Turtle's net loss in Q3 2016 was $(44.8) million, or $(0.91) per diluted share, compared to a net loss of $(15.9) million, or $(0.38) per diluted share, in Q3 2015. Download the research report for free on HEAR at:
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