Today's Research Report Coverage on Communication Equipment Stocks -- ViaSat, Acacia Communications, ARRIS, and QUALCOMM
NEW YORK, Nov. 6, 2017 /PRNewswire/ -- If you want a Stock Review on VSAT, ACIA, ARRS, or QCOM then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. For today, DailyStockTracker.com monitors ViaSat Inc. (NASDAQ: VSAT), Acacia Communications Inc. (NASDAQ: ACIA), ARRIS International PLC (NASDAQ: ARRS), and QUALCOMM Inc. (NASDAQ: QCOM). The Communication Equipment sector includes companies with primary businesses involving the physical transmission of telecommunications and related network services, the production of telecommunications equipment, and the delivery of multimedia content through television and related telecommunications activities. Learn more about these stocks by signing up for their free reports on DailyStockTracker.com at:
http://dailystocktracker.com/register/
ViaSat
Last Friday, Carlsbad, California headquartered ViaSat Inc.'s stock declined 0.34%, to close the day at $64.12. A total volume of 409,015 shares was traded. The Company's shares are trading 0.98% above their 50-day moving average. Additionally, shares of ViaSat, which provides broadband and communications products and services worldwide, have a Relative Strength Index (RSI) of 48.56.
On November 01st, 2017, ViaSat announced that it will host a conference call on November 08th, 2017, at 5:00 p.m. ET to its second quarter results for fiscal year 2018. The conference call webcast and other material financial information will be accessible under the Investor Relations section of the Company's website. The free research report on VSAT is available at:
http://dailystocktracker.com/registration/?symbol=VSAT
Acacia Communications
Shares in Maynard, Massachusetts headquartered Acacia Communications Inc. saw a decline of 5.83%, finishing Friday's session at $36.82. The stock recorded a trading volume of 1.32 million shares, which was above its three months average volume of 596,700 shares. The Company's shares are trading below their 50-day moving average by 19.58%. Furthermore, shares of Acacia Communications, which provides high-speed coherent interconnect products in the Americas, Europe, Middle-East, Africa, and Asia/Pacific region, have an RSI of 26.59.
On November 02nd, 2017, Acacia Communications reported financial results for its Q3 ended September 30th, 2017. For Q3 2017, revenue was $105.0 million; GAAP gross margin was 43.9%; GAAP income from operations of $8.9 million; and GAAP net income was $18.5 million. EBITDA for the quarter was $12.1 million and GAAP diluted EPS was $0.44.
On November 03rd, 2017, research firm B. Riley FBR, Inc. upgraded the Company's stock rating from 'Neutral' to 'Buy' while revising its previous target price from $44 a share to $49 a share. The complimentary report on ACIA can be downloaded at:
http://dailystocktracker.com/registration/?symbol=ACIA
ARRIS International
Suwanee, Georgia headquartered ARRIS International PLC's stock finished 2.22% lower at $28.18 last Friday at the close. A total volume of 1.55 million shares was traded, which was higher than their three months average volume of 1.04 million shares. The Company's shares are trading above their 50-day and 200-day moving averages by 0.96% and 1.99%, respectively. Additionally, shares of ARRIS, which together with its subsidiaries, provides media entertainment and data communications solutions in the US and internationally, have an RSI of 52.44.
On October 24th, 2017, ARRIS announced that Dave Potts, Executive Vice President and CFO, will be speaking at the upcoming RBC Capital Markets 2017 Technology, Internet, Media and Telecommunications Conference on November 07th, 2017, at approximately 11:00 a.m. ET. Visit us today and download our complete research report on ARRS for free at:
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QUALCOMM
San Diego, California headquartered QUALCOMM Inc.'s shares ended the session 12.71% higher at $61.81. The stock recorded a trading volume of 78.78 million shares, which was above its three months average volume of 8.10 million shares. The Company's shares have advanced 18.07% in the last month and 17.29% over the previous three months. The stock is trading 18.31% above its 50-day moving average and 13.04% above its 200-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 an RSI of 75.72.
On October 24th, 2017 at Broadband World Forum 2017, Qualcomm Technologies, Inc., a subsidiary of QUALCOMM, announced that it is working with leading manufacturers to accelerate mesh network deployments by broadband service providers and delivering new carrier-class video features. With a growing slate of carrier customers, the Company is introducing the Qualcomm® Video-Over-Mesh features, the industry's first announced end-to-end video over wireless solution that optimizes the delivery of video over mesh networks.
On November 02nd, 2017, 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 $76 a share. Get free access to your technical report on QCOM at:
http://dailystocktracker.com/registration/?symbol=QCOM
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