NEW YORK, October 25, 2016 /PRNewswire/ --
Focus is redirected to the Communication Equipment segment which is engaged in the manufacturing of telecommunications
equipment such as telephones, modems, cable decoders, carrier switches, fiber cable, and wireless and satellite communication
equipment. This morning, Stock-Callers.com reviews the performances of the following companies: 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: http://stock-callers.com/registration
Nokia
Espoo, Finland headquartered Nokia Corp.'s shares gained 1.02%, closing Monday's trading
session at $4.97 with a total trading volume of 5.75 million shares. The stock is trading 10.62%
below its 50-day moving average. Shares of the Company, which together with its subsidiaries, provides network infrastructure and
related services worldwide, have a Relative Strength Index (RSI) of 30.99.
On October 24th, 2016, Nokia and Globe Telecom, a leading telecom operator in
the Philippines, signed two Memoranda of Confirmation frame agreements - one for wireless
technologies and the other for IP, Optical and SDN technologies - under which Nokia will transform Globe Telecom's current fixed
and mobile networks into a more robust network that will help Globe meet the country's burgeoning and future digital demands.
Free research report on NOK is available at: http://stock-callers.com/registration/?symbol=NOK
QUALCOMM
On Monday, San Diego, California headquartered QUALCOMM Inc.'s stock recorded a trading
volume of 6.33 million shares, and finished 0.19% higher at $68.06. The Company's shares have
advanced 8.46% in the last month, 11.88% in the previous three months, and 39.92% on an YTD basis. The stock is trading above its
50-day and 200-day moving averages by 6.42% and 24.75%, respectively. 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 63.68.
On October 12th, 2016, research firm Canaccord Genuity reiterated its 'Buy' rating on
the Company's stock with an increase of the target price from $70 a share to $75 a share.
On October 19th, 2016, Qualcomm announced that Alex
Rogers has been promoted to executive vice president and president of Qualcomm Technology Licensing (QTL), effective
immediately. Rogers has led QTL since March 2016. In this role, Rogers is responsible for the
strategic direction and oversight of QTL, including managing the division's day-to-day operations. The complimentary research
report on QCOM can be downloaded at: http://stock-callers.com/registration/?symbol=QCOM
Ericsson
Stockholm, Sweden headquartered Telefonaktiebolaget LM Ericsson's stock finished the day flat
at $5.10. A total volume of 21.79 million shares was traded, which was above their three months
average volume of 6.01 million shares. The Company's shares are trading below their 50-day moving average by 25.29%.
Additionally, shares of Ericsson, which provides telecommunications equipment and related services to mobile and fixed network
operators, have an RSI of 15.02.
On October 13th, 2016, research firm Natixis Bleichroeder downgraded the Company's
stock rating from 'Buy' to 'Neutral'.
On October 20th, 2016, Ericsson reported that during Q3 2016, sales and sales
adjusted for comparable units and currency decreased by 14% Y-o-Y to SEK 51.1b, mainly driven by
segment Networks where reported sales declined by 19%. The company noted that operating income declined to SEK 0.3 (5.1) b. following lower sales in the segment Networks and a lower gross margin. Gross margin declined
to 28.3% (33.9%) Y-o-Y following lower mobile broadband capacity sales, a higher share of services sales, and lower sales in
segment Networks. Visit us today and access our complete research report on ERIC at: http://stock-callers.com/registration/?symbol=ERIC
Ciena
Shares in Hanover, Maryland headquartered Ciena Corp. ended yesterday's session 0.60% higher
at $20.05. The stock recorded a trading volume of 1.50 million shares. The Company's shares are
trading 3.92% above their 200-day moving average. Moreover, 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 37.24.
On September 30th, 2016, research firm Stifel initiated a 'Hold' rating on the
Company's stock, issuing a target price of $23 per share.
On October 17th, 2016, Ciena announced that Telecom Egypt is deploying Ciena's®
GeoMesh solution and packet-optical platforms for reliable, low-latency connectivity to meet surging demands for high-bandwidth
services on its national terrestrial network and submarine links between the Mediterranean and Asia. With a more agile and scalable network, Telecom Egypt's wholesale carrier, service provider, internet
content provider, and consortium customers will be able to provide diverse data transit routes for international data center
interconnect, disaster recovery, cloud-based services, and other high-capacity services for enterprise and consumer
end-customers. With more than 160 years of operational history, Telecom Egypt is the largest provider of fixed line services in
the Middle East and Africa. Get free access to your research
report on CIEN at: http://stock-callers.com/registration/?symbol=CIEN
--
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