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How These Communication Equipment Stocks are Faring? -- Lumentum, Sierra Wireless, Mitel Networks, and Turtle Beach
[April 05, 2017]

How These Communication Equipment Stocks are Faring? -- Lumentum, Sierra Wireless, Mitel Networks, and Turtle Beach

NEW YORK, April 5, 2017 /PRNewswire/ --

On Tuesday, April 04, 2017, the NASDAQ Composite, the Dow Jones Industrial Average, and the S&P 500 edged higher at the closing bell. US markets saw a mixed session as 3 sectors closed in green, 3 sectors finished in red, and 3 sectors ended flat for the day. Taking into consideration yesterday's market sentiment, assessed the following Communication Equipment equities this morning: Lumentum Holdings Inc. (NASDAQ: LITE), Sierra Wireless Inc. (NASDAQ: SWIR), Mitel Networks Corporation (NASDAQ: MITL), and Turtle Beach Corporation (NASDAQ: HEAR). Download the free research reports on these stocks today:


On Tuesday, shares in Milpitas, California headquartered Lumentum Holdings Inc. recorded a trading volume of 1.53 million shares. The stock ended the day 2.04% lower at $50.45. Shares of the Company, which manufactures and sells optical and photonic products for optical networking and commercial laser customers worldwide, are trading at a PE ratio of 220.31. Lumentum Holdings' stock has gained 6.89% in the last one month and 35.25% in the previous three months. Furthermore, the stock has rallied 92.26% in the past one year. The Company's shares are trading above its 50-day and 200-day moving averages by 8.92% and 32.03%, respectively. Furthermore, shares of Lumentum Holdings have a Relative Strength Index (RSI) of 55.04.

On March 22nd, 2017, research firm Stifel reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $53 a share to $57 a share. See our free and comprehensive research report on LITE at:

Sierra Wireless  

Richmond, Canada headquartered Sierra Wireless Inc.'s stock finished Tuesday's session 0.76% higher at $26.50 with a total volume of 233,385 shares traded. Over the last three months and the previous one year, Sierra Wireless' shares have surged 67.72% and 86.10%, respectively. The Company's shares are trading above its 50-day and 200-day moving averages by 6.50% and 49.27%, respectively. Shares of Sierra Wireless, which provides wireless wide area modem solutions for the mobile computing, rugged mobile, and machine-to-machine markets, are trading at a PE ratio of 57.24. The stock has an RSI of 50.22.

On March 27th, 2017, research firm Raymond James downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. SWIR free research report PDF is just a click away at:

Mitel Networks  

headquartered Mitel Networks Corp.'s stock edged 0.30% lower, to close the day at $6.70. The stock recorded a trading volume of 219,154 shares. Mitel Networks' shares have advanced 3.40% in the last one month. The Company's shares are trading 3.51% and 5.07% below its 50-day and 200-day moving averages, respectively. Shares of the Company, which provides business communications and collaboration software, services, and solutions in the Americas, Europe, Middle East, Africa, and Asia/Pacific regions, are trading at a PE ratio of 24.10. Additionally, the stock has an RSI of 41.76. Sign up for your complimentary report on MITL at:

Turtle Beach  

On Tuesday, shares in San Diego, California headquartered Turtle Beach Corp. ended the session 1.79% lower at $0.83 with a total volume of 291,575 shares traded. The stock is trading 23.74% below its 50-day moving average and 30.38% below its 200-day moving average. Moreover, shares of the Company, which develops, commercializes, and markets a range of products under the Turtle Beach and HyperSound brands in the North America, the UK, Europe, and internationally, have an RSI of 32.30. Register for free on and download the latest research report on HEAR at:


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