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NASDAQ Bullish Stocks in Communication Equipment Industry: (ERIC, JDSU, CIEN, PWAV, TLAB)

|Includes:CIEN, LM Ericsson Telephone Company (ERIC), PWAV, VIAV

 

March 30, 2011
 
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JDS Uniphase Corporation (NASDAQ:JDSU) closed at $19.71 after moving up by 1.76% whereas traded volume stood at 10.54 million shares for the day. Its outstanding shares stood at 224.23 million and its total market capitalization ended at $4.42 billion.

Ciena Corporation (NASDAQ:CIEN) reported the gain of 4.02% and closed at $24.34 whereas overall traded volume stood at 4.54 million shares for the day. The current market price is 4.01% less than its last 50 days simple moving average. The share price is highly reactive to market index as its beta value stands at 2.04 times till its last trading session.

Telefonaktiebolaget LM Ericsson (ADR) (NASDAQ:ERIC) surged by 0.71% to close at $12.83 with total traded volume of 16.62 million shares in the last trading day. Its price to earnings ratio stands at 23.76 times till its last trading session. Its dividend yield is 2.16%.

 

Powerwave Technologies, Inc. (NASDAQ:PWAV) went up by 1.35% to close at $4.50 with overall traded volume of 1.80 million shares in the last trading day. The share price is highly reactive to market index as its beta value stands at 2.86 times till its last trading session.

Tellabs, Inc. (NASDAQ:TLAB) jumped up by 0.19% and closed at $5.18 whereas total traded volume stood at 3.04 million shares for the day. The company stands in profit with the profit margin of 9.47%. The company is in highly profitability with ROE of 8.24%.

By,

Martin Hammond

Stocks: ERIC, VIAV, CIEN, PWAV