[June 12, 2013] Shares of Emulex Rank the Highest in Terms of P/E Ratio in the Communications Equipment Industry (ELX, RVBD, PCTI, SYMM, ADTN) Tweet Jun 12, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Communications Equipment industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.Emulex ranks highest with a a P/E ratio of 59.18. Riverbed Technology is next with a a P/E ratio of 54.07. PC-Tel ranks third highest with a a P/E ratio of 51.80. Symmetricom follows with a a P/E ratio of 42.18, and Adtran rounds out the top five with a a P/E ratio of 38.44. SmarTrend recommended that subscribers consider buying shares of Adtran on April 10th, 2013 as our technology indicated a new Uptrend was in progress when shares hit $21.80. Since that recommendation, shares of Adtran have risen 11.0%. We continue to monitor Adtran for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]