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Stock Performance Review on Communication Equipment Industry -- Infinera, Lumentum, Acacia Communications, and CommScope
[June 16, 2017]

Stock Performance Review on Communication Equipment Industry -- Infinera, Lumentum, Acacia Communications, and CommScope


NEW YORK, June 16, 2017 /PRNewswire/ --

On Thursday, the NASDAQ Composite ended the day at 6,165.50, down 0.47%; the Dow Jones Industrial Average edged 0.07% lower, to finish at 21,359.90; and the S&P 500 closed at 2,432.46, slightly slipping 0.22%. Losses were broad based as six out of nine sectors finished the trading session in red. DailyStockTracker.com has initiated research reports on the following Communication Equipment stocks: Infinera Corp. (NASDAQ: INFN), Lumentum Holdings Inc. (NASDAQ: LITE), Acacia Communications Inc. (NASDAQ: ACIA), and CommScope Holding Co. Inc. (NASDAQ: COMM). Daily Stock Tracker published comprehensive and free research reports on these stocks today at:

http://dailystocktracker.com/register/


Infinera
 

Sunnyvale, California headquartered Infinera Corp.'s stock finished Thursday's session 0.61% higher at $11.46. A total volume of 2.20 million shares was traded, which was above their three months average volume of 1.89 million shares. The Company's shares have advanced 18.51% in the past month, 2.32% in the previous three months, and 34.98% since the start of this year. The stock is trading 15.51% above its 50-day moving average and 22.14% above its 200-day moving average. Additionally, shares of Infinera, which provides optical transport networking equipment, software, and services worldwide, have a Relative Strength Index (RSI) of 66.87.

On June 14th, 2017, research firm MKM Partners upgraded the Company's stock rating from 'Neutral' to 'Buy'. INFN complete research report is just a click away and free at:

http://dailystocktracker.com/registration/?symbol=INFN


Lumentum 

On Thursday, shares in Milpitas, California headquartered Lumentum Holdings Inc. recorded a trading volume of 1.06 million shares. The stock ended the session 0.97% lower at $61.55. The Company's shares have advanced 8.84% in the last one month, 25.87% in the previous three months, and 59.25% on an YTD basis. The stock is trading 18.77% above its 50-day moving average and 39.74% above its 200-day moving average. Moreover, shares of Lumentum, which manufactures and sells optical and photonic products for optical networking and commercial laser customers worldwide, have an RSI of 60.48.

On June 12th, 2017, research firm Needham reiterated its 'Strong Buy' rating on the Company's stock with an increase of the target price from $56 a share to $80 a share. The complimentary report on LITE can be downloaded at:

http://dailystocktracker.com/registration/?symbol=LITE


Acacia Communications 

Maynard, Massachusetts headquartered Acacia Communications Inc.'s shares closed the day 1.90% lower at $44.46. The stock recorded a trading volume of 680,156 shares. The Company's shares are trading 9.45% below their 50-day moving average. Additionally, 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 40.64. Sign up for your complimentary research report on ACIA at:

http://dailystocktracker.com/registration/?symbol=ACIA


CommScope 


Shares in Hickory, North Carolina headquartered CommScope Holding Co. Inc. finished 0.62% higher at $37.42. The stock recorded a trading volume of 1.80 million shares. The Company's shares have advanced 1.22% in the last one month and 0.59% on an YTD basis. The stock is trading above its 200-day moving average by 3.43%. Furthermore, shares of CommScope, which provides infrastructure solutions for communications networks worldwide, have an RSI of 48.00.

On May 25th, 2017, research firm Instinet initiated a 'Buy' rating on the Company's stock, with a target price of $45 per share. Get free access to your research report on COMM at:

http://dailystocktracker.com/registration/?symbol=COMM

 

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