On Tuesday, shares in San Diego, California headquartered QUALCOMM Inc. rose 0.09%, ending the day at $57.54. The stock recorded a trading volume of 7.07 million shares. The Company’s shares have advanced 4.01% in the last one month. The stock is trading above its 50-day moving average by 3.27%. 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 54.86.
On May 26th, 2017, research firm Stifel reiterated its ‘Buy’ rating on the Company’s stock with an increase of the target price from $56 a share to $65 a share.
On June 12th, 2017, QUALCOMM, through its subsidiary Qualcomm Life, Inc., announced its agreement with LifeScan Inc., one of the Johnson & Johnson Diabetes Care Companies, to streamline wireless data capture from LifeScan’s OneTouch Verio Flex® blood glucose meters to physicians to enable more informed care. Qualcomm Life’s medical-grade 2net™ solution will power the connectivity for efficient, cable-free data collection. QCOM complete research report is just a click away and free at:
Shares in Stockholm, Sweden headquartered Telefonaktiebolaget LM Ericsson ended the day 0.84% higher at $7.23 with a total trading volume of 4.08 million shares. In the last month and the previous three months, the stock has gained 11.57% and 10.55%, respectively. Additionally, the Company’s shares have advanced 24.01% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.29% and 16.69%, respectively. Furthermore, shares of Ericsson, which provides telecommunications equipment and related services to mobile and fixed network operators, have an RSI of 61.96.
On May 30th, 2017, Ericsson announced the appointment of Erik Ekudden as Group CTO and Head of Technology & Architecture, effective July 01st, 2017. Ekudden will lead the Company’s technology strategy with a focus on driving the evolution of the network as the platform to secure the success of its service provider customers.
On June 08th, 2017, research firm Citigroup initiated a ‘Buy’ rating on the Company’s stock. The complimentary report on ERIC can be downloaded at:
At the close of trading on Tuesday, shares in Hanover, Maryland headquartered Ciena Corp. finished 1.42% higher at $25.75 with a total trading volume of 2.50 million shares. The stock has advanced 8.93% in the last one month, 12.69% over the previous three months, and 5.49% on an YTD basis. The Company’s shares are trading above their 50-day and 200-day moving averages by 9.76% and 11.54%, respectively. Additionally, 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 58.84.
On June 02nd, 2017, research firm Needham reiterated its ‘Buy’ rating on the Company’s stock with an increase of the target price from $30 a share to $31 a share.
On June 02nd, 2017, Ciena announced that James E. Moylan, Jr., Senior Vice President and CFO, will speak at the William Blair Growth Stock Conference on June 14th, 2017, at 12:00 p.m. CT in Chicago, Illinois. The event will be webcast live and recorded. An archived version will be made available approximately one hour following the presentation of the live event under the Investors section of the Company’s website. Sign up for your complimentary research report on CIEN at:
Suwanee, Georgia headquartered ARRIS International PLC’s shares recorded a trading volume of 875,437 shares at the end of yesterday’s session. The stock closed the day 1.26% higher at $28.93. The Company’s shares have advanced 3.25% in the past month and 10.80% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 6.79% and 2.99%, respectively. Additionally, shares of ARRIS International, which together with its subsidiaries, provides media entertainment and data communications solutions in the US and internationally, have an RSI of 62.49.
On June 05th, 2017, ARRIS International announced that its Qi3 HD set-top, with support for industry-standard video decryption protocols, is one of the first devices in this class to achieve both CAL and iTASS certification. The Qi3 set-top is a cost-effective, multi-purpose set-top for delivering next-generation connected TV services. It offers the flexibility to operate as a stand-alone HD set-top or as a multiroom DVR client in a video gateway system. Get free access to your research report on ARRS at:
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