Global Capital Spending on the 4G/LTE Infrastructure Forecasted to Triple in 2013
The Paragon Report Provides Stock Research on Alcatel Lucent and Tellabs
NEW YORK, NY -- (Marketwire) -- 11/07/12 -- The global demand for mobile devices such as smartphones and tablets have led to an increased focus on high speed LTE networks. IHS iSupply forecasts global capital spending on the 4G/LTE infrastructure to nearly triple from the expected $8.7 billion in 2012 to $24.3 billion in 2013. The Paragon Report examines investing opportunities in the Communication Equipment Industry and provides equity research on Alcatel Lucent SA (NYSE: ALU) and Tellabs, Inc. (NASDAQ: TLAB).
The number of smartphones in use globally recently topped 1 billion according to research firm Strategy Analytics. The number of smartphones in use in the third quarter of 2012 totaled 1.03 billion, a 47 percent increase from third quarter 2011. By 2015, Strategy Analytics forecasts that number to exceed the 2 billion mark.
"Smartphone penetration is still relatively low," Neil Mawston, London-based executive director at Strategy Analytics, said in the statement. "Most of the world does not yet own a smartphone and there remains huge scope for future growth, particularly in emerging markets such as China, India and Africa."
Paragon Report releases regular market updates on the Communication Equipment Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.
Shares of Alcatel-Lucent fell sharply last week after it reported its second consecutive quarterly loss. For the third quarter of 2012 the company posted a net operating loss of 146 million euros. "The numbers that we have shown are a clear sign of two factors -- a market in transition and a company in transformation," said Ben Verwaayen, CEO of Alcaltel-Lucent.
Shares of Tellabs have fallen over 12 percent in the last month. For the third quarter of 2012 the company reported revenues of $264 million, compared with $330 million in the year-ago quarter. Tellabs expects fourth quarter 2012 revenues to range between $240 million to $260 million, which was below analysts' estimates of $276 million according to Thomson Reuters I/B/E/S estimates.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here