Morning Research on Alcatel-Lucent, QUALCOMM, Tellabs, and Sonus Networks

  Morning Research on Alcatel-Lucent, QUALCOMM, Tellabs, and Sonus Networks

PR Newswire

LONDON, April 12, 2013

LONDON, April 12, 2013 /PRNewswire/ --

Major indices closed in the green after receiving positive impetus from lower
unemployment benefit figures. However, the technology sector tumbled as a
report showed consistent decline in PC shipments. The benchmark index NASDAQ
closed only marginally higher at 3,300.16, showing 0.09 percent gain. Major
companies from the communication equipment industry like Alcatel Lucent SA
(NYSE: ALU), Qualcomm Inc. (NASDAQ: QCOM) and Sonus Networks Inc. (NASDAQ:
SONS) saw a share price decline, defying the broader market trends. However,
Tellabs Inc., which also dwells in the same space, (NASDAQ: TLAB) closed
marginally higher. StockCall has posted free technical research reports on
ALU, QCOM, TLAB, and SONS and these can be accessed by signing up at

Alcatel Lucent SA slipped lower with below average volume to end its latest
session at $1.46. The stock ended 1.35 percent lower than its previous close.
Its volume for the day stood at 9.92 million shares. The stock is currently
trading in-line with its 20-day SMA and 50-day SMA of $1.46, showing a neutral
trend. Its first resistance level is at $1.52 while it may tumble down to
$1.43 before receiving any support. Alcatel Lucent's stock is up 8.15 percent
on a YTD basis, while its 52 weeks loss stands at 32.09 percent. The company
commands market capitalization of $3.41 billion, and it trades at beta of 2.32
which makes it a highly volatile stock. Download the free report on ALU upon
registration at

Qualcomm Inc. ended its latest trading session at $67.03, down 0.38 percent
from its previous close. Despite its latest downward movement, the stock is up
10.54 percent on a YTD basis, while its 52 weeks loss stands at 0.24 percent.
Qualcomm's stock oscillated in the range of $66.62 and $67.60 during
Thursday's session. It traded 11.18 million shares and shows a mild bullish
trend. The stock may touch $67.97 in the coming sessions. Upon breaching this
level, its next resistance level is at $69.10. On the downside, the stock may
slip to $66.96 level. QCOM technical report can be accessed for free by
signing up at

Tellabs Inc. traded in the range of $2.03 and $2.12 in its latest session. Its
volume stood at 3.25 million shares, up from its average daily volume of 2.50
million. The company closed the session at $2.07, up 0.49 percent. The stock
is currently trading above its short-term moving average price of $2.06,
showing a bullish trend. In the coming sessions, it is expected to go as high
as $2.10, while its first support level is at $2.02. The stock trades at beta
of 0.62, making it a neutral stock to own. It has slumped 11.54 percent on a
YTD basis. Tellabs commands market capitalization of $739.92 million. The free
report on TLAB can be downloaded by signing up now at

Sonus Networks Inc. closed Thursday's trading session at $2.44, down 2.40
percent from its previous close. The stock shows a neutral trend and is likely
to find support at $2.34. Upon breaching this level, it may go down to $2.27
level. However, it may go up to $2.59 in the coming sessions. The stock traded
1.09 million shares during yesterday's session, and it oscillated in the range
of $2.44 and $2.53. The stock has declined 14.69 percent in the past 52 weeks.
Sonus Networks beta stands at 1.71, implying high volatility. Free report on
SONS can be accessed by registering at

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