Pre-Market Technical Recap on Communication Equipment Stocks -- QUALCOMM, Ericsson, Ciena, and CommScope
NEW YORK, July 17, 2017 /PRNewswire/ --
If you want a Stock Review on QCOM, ERIC, CIEN or COMM then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Today, DailyStockTracker.com visits the Communication Equipment industry, which includes manufacturers of communications equipment and products such as LANs, WANs, routers, telephones, switchboards, and exchanges. Lined up for assessment this morning are: QUALCOMM Inc. (NASDAQ: QCOM), Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC), Ciena Corp. (NYSE: CIEN), and CommScope Holding Co. Inc. (NASDAQ: COMM). Daily Stock Tracker provides great insights on these stocks in its free research reports at:
Shares in San Diego, California headquartered QUALCOMM Inc. ended Friday's session 1.03% higher at $56.81 with a total trading volume of 4.40 million shares. The stock has advanced 7.62% over the previous three months. The Company's shares are trading 0.48% above their 50-day moving average. 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 55.62.
On June 28th, 2017, research firm Northland Capital downgraded the Company's stock rating from 'Outperform' to 'Market Perform'.
On July 13th, 2017, QUALCOMM announced a quarterly cash dividend of $0.57 per common share, payable on September 20th, 2017, to stockholders of record at the close of business on August 30th, 2017. Free research report on QCOM is available at:
Stockholm, Sweden headquartered Telefonaktiebolaget LM Ericsson's shares climbed 0.54%, closing the day at $7.43. A total volume of 3.05 million shares was traded. The stock has advanced 4.65% in the last month, 16.82% in the previous three months, and 27.44% on an YTD basis. The Company's shares are trading 5.91% and 19.50% above their 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 61.77.
On July 11th, 2017, Ericsson announced that its financial report for Q2 2017 will be published on July 18th, 2017, at approximately 7:30 CEST. The Company will issue a press release with the complete financial report. Following the publication of the press release, the financial report will be available on the Company's website. The complimentary research report on ERIC can be downloaded at:
Last Friday, shares in Hanover, Maryland headquartered Ciena Corp. declined 0.50%, closing the sessio at $25.67. The stock recorded a trading volume of 2.02 million shares. The Company's shares have advanced 0.90% in the last one month, 18.51% over the previous three months, and 5.16% on an YTD basis. The stock is trading 3.06% above its 50-day moving average and 9.24% above its 200-day moving average. 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 51.92.
On June 30th, 2017, Ciena announced an exchange offer for its currently outstanding 3.75% Convertible Senior Notes due 2018 to provide the Company with cash settlement options upon any conversion election by the holders. Through these cash settlement options, the Company believes that it will gain additional flexibility to better manage its long-term capital structure and reduce the dilutive impact of its convertible notes upon stockholders. Visit DailyStockTracker.com today and access our complete research report on CIEN at:
Hickory, North Carolina headquartered CommScope Holding Co. Inc.'s stock finished the session 1.46% lower at $35.13. A total volume of 3.54 million shares was traded, which was above their three months average volume of 2.81 million shares. The Company's shares are trading below their 200-day moving average by 4.92%. Additionally, shares of CommScope, which provides infrastructure solutions for communications networks worldwide, have an RSI of 29.78.
On July 12th, 2017, CommScope has agreed to acquire Cable Exchange, a privately held, quick-turn supplier of fiber optic and copper assemblies for data, voice, and video communications. This highly complementary acquisition will deepen the former's capabilities in supporting the growing market for high-capacity, multi-tenant data centers, and hyperscale data centers operated by the world's largest technology and retail companies. Get free access to your research report on COMM at:
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