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Technical Roundup on Communication Equipment Stocks -- Harmonic, DragonWave, Impinj, and Turtle BeachNEW YORK, December 12, 2016 /PRNewswire/ -- Stock-Callers.com is currently reviewing these Communication Equipment equities: Harmonic Inc. (NASDAQ: HLIT), DragonWave Inc. (NASDAQ: DRWI), Impinj Inc. (NASDAQ: PI), and Turtle Beach Corp. (NASDAQ: HEAR). The Communication Equipment sector is focused on manufacturing and selling communications equipment, software, and products including LANs, WANs, routers and telephones. On average, companies in this sector offer a dividend yield that is in-line with the wider technology sector. Sign up today and download for free the research reports for the stocks covered today at: http://stock-callers.com/registration Harmonic Last Friday, shares in San Jose, California headquartered Harmonic Inc. ended the session 0.98% higher at $5.15. The stock recorded a trading volume of 435,812 shares. The Company's shares have advanced 2.79% in the previous three months and 26.54% on an YTD basis. The stock is trading above its 200-day moving average by 32.90%. Furthermore, shares of Harmonic, which designs, manufactures, and sells video infrastructure products and system solutions worldwide, have a Relative Strength Index (RSI) of 54.30. On November 9th, 2016, Harmonic reported net revenue of $101.4 million for Q3 2016 compared to $83.3 million for Q3 2015. The company's bookings for Q3 2016 were $97.3 million compared to $74.6 million for Q3 2015. Harmonic's GAAP net loss for Q3 2016 was $16.0 million, or $0.21 loss per diluted share, compared to a GAAP net loss of $4.8 million, or $0.05 loss per diluted share, for Q3 2015. On December 6th, 2016, research firm Dougherty & Company initiated a 'Buy' rating on the Company's stock, issuing a target price of $7 per share. HLIT complete research report is just a click away at: http://stock-callers.com/registration/?symbol=HLIT
Ottawa, Canada headquartered DragonWave Inc.'s stock finished 3.70% higher at $2.80 with a total trading volume of 32,270 shares. The Company's shares have gained 2.94% over the previous three months and 1.82% since the start of this year. The stock is trading below its 50-day moving average by 8.41%. Moreover, shares of DragonWave, which provides high-capacity packet microwave solutions that drive next-generation IP networks worldwide, have an RSI of 46.54. On November 21st, 2016, DragonWave announced that it has won this year's Fierce Innovation Awards: Telecom Edition, a carrier-reviewed awards program from the publisher of FierceWireless, FierceTelecom, and FierceCable. DragonWave was named winner in the category Rural Wireless Networks for its innovative, industry-leading product Harmony Enhance Multi-Channel. The complimentary report on DRWI can be downloaded at:
Shares in Seattle, Washington-based Impinj Inc. closed the day 6.75% lower at $31.89 The stock recorded a trading volume of 1.11 million shares, which was above its three months average volume of 618,070 shares. The Company's shares have gained 3.04% in the last month and 77.46% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 8.29% and 15.40%, respectively. Moreover, shares of Impinj, which provides ultra-high frequency radio frequency identification solutions for identifying, locating, and authenticating items, have an RSI of 55.51. On December 7th, 2016, Impinj announced the closing of its follow-on public offering of 4,043,249 shares of common stock at a price to the public of $27.00 per share, which included the full exercise of the underwriters' option to purchase 527,380 additional shares from Impinj. The offering included 1,527,380 shares sold by Impinj and 2,515,869 shares sold by certain selling stockholders. The company estimates net proceeds from the offering to be approximately $38.7 million. Sign up for your complimentary report on PI at: http://stock-callers.com/registration/?symbol=PI
San Diego, California headquartered Turtle Beach Corp.'s shares recorded a trading volume of 152,814 shares last Friday. The stock closed 1.81% lower at $1.63. The Company's shares have surged 20.74% in the past month and 61.39% in the previous three months. The stock is trading 15.90% above its 50-day moving average and 42.59% above its 200-day moving average. Additionally, shares of Turtle Beach, which develops, commercializes, and markets audio technologies under the Turtle Beach and HyperSound brands in the US, the UK, Europe, and internationally, have an RSI of 58.79. On November 10th, 2016, Turtle reported that net revenue in Q3 2016 increased 7% to $38.4 million compared to $35.9 million in Q3 2015. The company's gross margin in Q3 2016 was 10.2% compared to 26.7% in Q3 2015. Turtle's net loss in Q3 2016 was $(44.8) million, or $(0.91) per diluted share, compared to a net loss of $(15.9) million, or $(0.38) per diluted share, in Q3 2015. Download the research report for free on HEAR at: http://stock-callers.com/registration/?symbol=HEAR -- Stock Callers: Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. SC has not been compensated; directly or indirectly; for producing or publishing this document. PRESS RELEASE PROCEDURES: The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected] . Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. NO WARRANTY SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. NOT AN OFFERING This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://stock-callers.com/legal-disclaimer/
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