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Today's Research Report Coverage on Communication Equipment Stocks -- Ericsson, Infinera, Lumentum, and Knowles
[November 20, 2017]

Today's Research Report Coverage on Communication Equipment Stocks -- Ericsson, Infinera, Lumentum, and Knowles


NEW YORK, Nov. 20, 2017 /PRNewswire/ -- If you want a Stock Review on ERIC, INFN, LITE, or KN then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. This morning, DailyStockTracker.com monitors the performance of Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC), Infinera Corp. (NASDAQ: INFN), Lumentum Holdings Inc. (NASDAQ: LITE), and Knowles Corp. (NYSE: KN). These companies operate in the Communication Equipment space, which is a large and diverse sector that contains vertically integrated businesses ranging from computer systems design and related services to wired telecommunications carriers. Learn more about these stocks by signing up for their free reports on DailyStockTracker.com at:

http://dailystocktracker.com/register/

Ericsson

Last Friday, Stockholm, Sweden headquartered Telefonaktiebolaget LM Ericsson's stock declined 0.33%, to close the day at $6.07. A total volume of 1.97 million shares was traded. The Company's shares have advanced 2.88% in the last month, 2.53% in the previous three months, and 4.12% on an YTD basis. The stock is trading 2.01% above its 50-day moving average. Additionally, shares of Ericsson, which provides telecommunications equipment and related services to mobile and fixed network operators, have a Relative Strength Index (RSI) of 49.38. 

On November 09th, 2017, research firm Citigroup downgraded the Company's stock rating from 'Buy' to 'Neutral'.

On November 09th, 2017, Ericsson renamed its Broadcast and Media Services business to Red Bee Media. The Red Bee Media name and brand identity will apply to all of the Company's Broadcast and Media Services businesses worldwide. As part of this change, Red Bee Media is now an independent business that is fully owned by the Company with operations in Australia, France, Germany, the Netherlands, Spain, Sweden, the UK, United Arab Emirates, and the US. The free research report on ERIC is available at:

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

Infinera

Shares in Sunnyvale, California headquartered Infinera Corp. saw a slight drop of 0.28%, finishing Friday's session at $7.04. The stock recorded a trading volume of 1.48 million shares. The Company's shares are trading below their 50-day moving average by 15.11%. Furthermore, shares of Infinera, which provides optical transport networking equipment, software, and services worldwide, have an RSI of 40.49. 

On October 31st, 2017, Infinera announced that Norrsken, a Sweden-based regional operator, is the first to deploy the Infinera XTM II and the recently released 400G Flexponder, delivering new, 100-gigabits-per-second services to leading internet service providers and carriers. INFN's XTM II and 400G Flexponder enable Norrsken to deliver high-capacity, low-latency, 200 Gb/s transport across Sweden with industry-leading, low-power consumption and a small footprint.

On November 09th, 2017, research firm Stifel reiterated its 'Hold' rating on the Company's stock with a decrease of the target price from $10 a share to $9 a share. The complimentary report on INFN can be downloaded at:

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

Lumentum Holdings

Milpitas, California headquartered Lumentum Holdings Inc.'s stock finished 0.26% lower at $57.50 last Friday at the close. A total volume of 1.42 million shares was traded. The Company's shares have advanced 2.59% in the past month, 12.52% in the previous three months, and 48.77% on an YTD basis. The stock is trading above its 200-day moving average by 5.04%. Additionally, shares of Lumentum, which manufactures and sells optical and photonic products for optical networking and commercial laser customers worldwide, have an RSI of 49.04. 

On November 01st, 2017, research firm Jefferies resumed its 'Buy' rating on the Company's stock, with a target price of $75 per share.

On November 08th, 2017, Lumentum announced the appointment of Julie Johnson, effective immediately. Ms. Johnson's appointment expands the Board to seven members, six of whom are independent directors. With over 25 years of operations, product development, and technology experience, she is currently the Senior Vice President Product Management at VeriFone, a global provider of technology that enables electronic payment transactions. Visit us today and download our complete research report on LITE for free at:


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

Knowles

Itasca, Illinois headquartered Knowles Corp.'s shares ended the session 0.37% lower at $16.09. The stock recorded a trading volume of 1.10 million shares, which was above its three months average volume of 753,350 shares. Shares of the Company have advanced 4.28% in the last month and 13.71% over the previous three months. The stock is trading 2.79% above its 50-day moving average. Moreover, shares of Knowles, which designs, manufactures, and sells micro-acoustic, audio processing, and specialty component solutions to the mobile consumer electronics, communications, medical, military, aerospace, and industrial markets worldwide, have an RSI of 52.24. 

On October 26th, 2017, Knowles announced that it has entered into a definitive agreement to sell its timing device (oscillator) business, part of the Precision Devices segment, to Microsemi Corporation, a leading supplier of semiconductor solutions, for $130 million in cash. The transaction is expected to be slightly dilutive to earnings and to close in the current quarter, subject to regulatory approval and customary closing conditions. Get free access to your technical report on KN at:

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

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