May 29, 2013 at 10:55 AM EDT
StockCall Study on JDSU, CIEN, XLS, HRS, and ADTN
StockCall.com Provides Stock Research on JDS Uniphase Corp., CIENA Corp., Exelis Inc., Harris Corp., and ADTRAN Inc.
New York City, New York -- (May 29, 2013)
Wireless is expected to be a key growth driver for the U.S. as well as global communication equipment industry due to the shift to mobile computing. Over the last two years more and more users have been shifting to smartphones and tablets from PCs, and this shift has prompted telecom companies to upgrade their existing wireless network infrastructure. With the move to mobile computing expected to continue over the next few years, communication equipment companies will carry on benefitting from wireless. On Tuesday, May 28, 2013, shares in communication equipment companies ended mostly higher, tracking gains in the broad market which rose sharply after investors digested some better-than-expected economic data. The major movers in the sector included JDS Uniphase Corp. (NASDAQ: JDSU), Ciena Corporation (NASDAQ: CIEN), Exelis Inc. (NYSE: XLS), Harris Corporation (NYSE: HRS), and ADTRAN Inc. (NASDAQ: ADTN). StockCall free coverage on JDSU, CIEN, XLS, HRS, and ADTN is available upon registration at
Shares in JDS Uniphase Corp. rose sharply on Tuesday, closing 2.30% higher at $13.37 after trading between $13.23 and $13.50. A total of 3.13 million shares were traded which is below the daily average volume of 4.39 million. The company’s shares are currently trading slightly below their 50-day moving average. The stock has been struggling to break through $13.75 resistance level. Download the free technical research on JDSU by signing up at
Ciena Corporation’s stock was one of the best performers in the communication equipment sector yesterday. The company’s shares rose to an intraday high of $16.11 before finishing the day 3.84% higher at $16.10. A total of 2.85 million shares were traded which is below the daily average volume of 3.27 million. However, despite the gains, the stock is still trading nearly 12.50% below its 52-week high. The company’s shares currently face resistance at around $16.25. Register now and get access to the free analysis on CIEN at
Shares in Exelis Inc. also rose sharply yesterday, tracking gains in the broader market. The company’s shares hit a 52-week high of $12.24 and finished at that level, up 2.86% from previous trading session’s closing price. A total of 1.40 million shares were traded which is above the daily average volume of 1.14 million. The stock has gained 5.25% in the last three sessions. So far this year, shares of XLS have grown nearly 10.60%, underperforming the S&P 500. Sign up and read the complimentary report on XLS at
Harris Corporation’s stock rose sharply on Tuesday, extending its gains from previous trading sessions. The stock traded between $50.74 and $51.40 before finishing the day 1.71% higher at $51.23. A total of 1 million shares were traded which is slightly above the daily average volume of 988,680. The company’s shares have now gained nearly 2.70% in the last three sessions. The stock is also trading close to its 52-week high of $52.23. The free report on HRS can be downloaded by signing up now at
Shares in ADTRAN Inc. rallied on Tuesday, closing 4.17% higher at $23.21. A total of 566,028 shares were traded which is below the daily average volume of 831,397. Shares of the company have now gained nearly 5% in the last three sessions. So far this year, the stock has gained over 19.80%, outperforming the S&P 500. However, despite the gains, the stock is still trading nearly 23.80% below its 52-week high. Free report on ADTN can be accessed by registering at
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William T. Knight
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