Research Reports Initiation on Communication Equipment Stocks -- Acacia Communications, CommScope, Infinera, and ARRIS
NEW YORK, December 28, 2016 /PRNewswire/ --
On Tuesday, US markets were mostly in green as eight out of nine sectors ended the trading session in positive. This bullish trend was also registered within major US indices as the NASDAQ Composite ended the trading session at 5,487.44, up 0.45%; the Dow Jones Industrial Average edged 0.06% higher, to finish at 19,945.04; and the S&P 500 closed at 2,268.88, up 0.22%. With yesterday's broad-based gains in mind, Stock-Callers.com this morning takes a look at how these four Communication Equipment stocks have fared recently: Acacia Communications Inc. (NASDAQ: ACIA), CommScope Holding Company Inc. (NASDAQ: COMM), Infinera Corporation (NASDAQ: INFN), and ARRIS International PLC (NASDAQ: ARRS). You can access of our complimentary research reports on these stocks now at:
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Acacia Communications
Maynard, Massachusetts headquartered Acacia Communications Inc.'s stock advanced 2.28%, to close the day at $67.19. The stock recorded a trading volume of 476,768 shares. The Company's shares are trading 8.11% and 6.79% below its 50-day and 200-day moving averages, respectively. Additionally, shares of the Company, which provides high-speed coherent interconnect products in the Americas, Europe, the Middle East, Africa, and the Asia/Pacific region, are trading at a PE ratio of 56.84. The stock has a Relative Strength Index (RSI) of 46.11.
On December 8th, 2016, research firm Morgan Stanley initiated an 'Equal-Weight' rating on the Company's stock. Visit us today and download your complete report on ACIA for free at:
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CommScope
On Tuesday, shares in Hickory, North Carolina headquartered CommScope Holding Co. Inc. ended the session 0.11% higher at $37.20 with a total volume of 825,013 shares traded. CommScope Holding's shares have gained 2.31% in the last one month and 21.93% in the previous three months. Furthermore, the stock has surged 42.37% in the past one year. Shares of the Company, which provides infrastructure solutions for communications networks worldwide, are trading at a PE ratio of 79.66. The stock is trading 8.18% above its 50-day moving average and 20.38% above its 200-day moving average. Moreover, the Company's shares have an RSI of 65.93.
On December 20th, 2016, research firm Citigroup initiated a 'Buy' rating on the Company's stock. The complimentary research report on COMM can be accessed at:
http://stock-callers.com/registration/?symbol=COMM
Infinera
On Tuesday, shares in Sunnyvale, California headquartered Infinera Corp. recorded a trading volume of 1.47 million shares. The stock ended the day 0.83% higher at $8.52. Shares of the Company, which provides optical transport networking equipment, software, and services worldwide, are trading at a PE ratio of 51.02. The Company is trading above its 50-day moving average by 0.70%. Furthermore, Infinera's shares have an RSI of 49.00. Register for free on Stock-Callers.com and download the PDF research report on INFN at:
http://stock-callers.com/registration/?symbol=INFN
ARRIS
Suwanee, Georgia headquartered ARRIS International PLC's stock finished Tuesday's session 0.98% higher at $30.86 with a total volume of 646,391 shares traded. Over the last one month and the previous three months, ARRIS International's shares have advanced 4.72% and 8.62%, respectively. Furthermore, the stock has gained 3.07% in the past one year. The Company's shares are trading above its 50-day and 200-day moving averages by 6.49% and 19.51%, respectively. Shares of ARRIS International, which provides media entertainment and data communications solutions in the US and internationally, have an RSI of 61.47. Get free access to your research report on ARRS at:
http://stock-callers.com/registration/?symbol=ARRS
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