What's Happening With These Communication Equipment Stocks? -- CommScope, Impinj, Ciena, and Harmonic

NEW YORK, Dec. 13, 2017 /PRNewswire/ -- In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on COMM, PI, CIEN, and HLIT which is a click away at www.wallstequities.com/registration. Ahead of today's trading session, WallStEquities.com scans CommScope Holding Co. Inc. (NASDAQ: COMM), Impinj Inc. (NASDAQ: PI), Ciena Corp. (NYSE: CIEN), and Harmonic Inc. (NASDAQ: HLIT). Companies in the Communication Equipment industry are engaged in manufacturing telecommunications equipment such as telephones, modems, cable decoders, carrier switches, fiber cable, wireless, and satellite communication equipment. See what Wall St. Equities' research desk has to say about these stocks, join our members and enjoy of your free research reports at:

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CommScope Holding

On Tuesday, shares in Hickory, North Carolina headquartered CommScope Holding Co. Inc. climbed 0.88%, ending the day at $38.77. The stock recorded a trading volume of 1.80 million shares, which was above its three months average volume of 1.45 million shares. The Company's shares have advanced 14.74% in the last one month, 15.77% over the previous three months, and 4.22% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 14.03% and 7.07%, respectively. Moreover, shares of CommScope, which provides infrastructure solutions for communications networks worldwide, have a Relative Strength Index (RSI) of 78.10.  

On December 07^th, 2017, CommScope has resolved a dispute with Advanced Lightning Technology, Ltd relating to its stackable hanger patents that are utilized in its SnapStak® cable hangers. CommScope had alleged that Advanced Lightning Technology was selling stackable hangers that infringe CommScope's patents, specifically US Patent numbers 6,354,543 and 6,899,305. As part of the resolution, Advanced Lightning Technology has agreed to immediately discontinue sales of its infringing products. Looking for insightful coverage on COMM sign up for free at:

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Impinj

Shares in Seattle, Washington headquartered Impinj Inc. ended the day 2.79% lower at $23.38 with a total trading volume of 413,503 shares. The stock is trading below its 50-day moving average by 22.41%. Shares of the Company, which operates a platform that enables wireless connectivity to everyday items by delivering each items' unique identity, location, and authenticity to business and consumer applications, have an RSI of 37.42.  Today's complimentary research report on PI is accessible at:

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Ciena

At the close of trading on Tuesday, shares in Hanover, Maryland headquartered Ciena Corp. finished 0.87% lower at $21.58. A total volume of 5.59 million shares was traded, which was above their three months average volume of 3.20 million shares. The stock has advanced 8.22% in the last one month. The Company's shares are trading above their 50-day moving average by 2.05%. Additionally, shares of Ciena have an RSI of 55.49. 

On December 07^th, 2017, Ciena announced that its Board of Directors has authorized a program to repurchase up to $300 million of the Company's common stock through the end of FY20. The Company may purchase shares at management's discretion in the open market, in privately negotiated transactions, in transactions structured through investment banking institutions, or a combination of the foregoing. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization.

On December 08^th, 2017, research firm UBS reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $29 a share to $27 a share. Register now for your free research document on CIEN at:

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Harmonic

San Jose, California headquartered Harmonic Inc.'s shares recorded a trading volume of 398,434 shares at the end of yesterday's session. The stock closed the day 1.16% higher at $4.35. The Company's shares have advanced 14.47% in the past month and 47.46% in the previous three months. The stock is trading above its 50-day moving average by 19.70%. Additionally, shares of Harmonic, which designs, manufactures, and sells video infrastructure products and system solutions worldwide, have an RSI of 63.29.  

On November 15^th, 2017, Harmonic announced that Sun Direct, an Indian, direct-to-home satellite television provider with more than 12 million subscribers, has deployed a Harmonic software-based HEVC media processing solution within its all-IP workflow in order to expand its HD service offering. Harmonic's Electra™ X2 encoder and ProStream® multiplexer enable Sun Direct to deliver an additional 80 HD channels from four transponders to subscribers, with crystal-clear video quality at the lowest possible bitrates. Click on the link below and see our free report HLIT at:

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