How These Communication Equipment Stocks are Faring? -- Lumentum, Sierra Wireless, Mitel Networks, and Turtle Beach

NEW YORK, April 5, 2017 /PRNewswire/ --

On Tuesday, April 04, 2017, the NASDAQ Composite, the Dow Jones Industrial Average, and the S&P 500 edged higher at the closing bell. US markets saw a mixed session as 3 sectors closed in green, 3 sectors finished in red, and 3 sectors ended flat for the day. Taking into consideration yesterday's market sentiment, Stock-Callers.com assessed the following Communication Equipment equities this morning: Lumentum Holdings Inc. (NASDAQ: LITE), Sierra Wireless Inc. (NASDAQ: SWIR), Mitel Networks Corporation (NASDAQ: MITL), and Turtle Beach Corporation (NASDAQ: HEAR). Download the free research reports on these stocks today:

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Lumentum  

On Tuesday, shares in Milpitas, California headquartered Lumentum Holdings Inc. recorded a trading volume of 1.53 million shares. The stock ended the day 2.04% lower at $50.45. Shares of the Company, which manufactures and sells optical and photonic products for optical networking and commercial laser customers worldwide, are trading at a PE ratio of 220.31. Lumentum Holdings' stock has gained 6.89% in the last one month and 35.25% in the previous three months. Furthermore, the stock has rallied 92.26% in the past one year. The Company's shares are trading above its 50-day and 200-day moving averages by 8.92% and 32.03%, respectively. Furthermore, shares of Lumentum Holdings have a Relative Strength Index (RSI) of 55.04.

On March 22^nd, 2017, research firm Stifel reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $53 a share to $57 a share. See our free and comprehensive research report on LITE at:

http://stock-callers.com/registration/?symbol=LITE

Sierra Wireless  

Richmond, Canada headquartered Sierra Wireless Inc.'s stock finished Tuesday's session 0.76% higher at $26.50 with a total volume of 233,385 shares traded. Over the last three months and the previous one year, Sierra Wireless' shares have surged 67.72% and 86.10%, respectively. The Company's shares are trading above its 50-day and 200-day moving averages by 6.50% and 49.27%, respectively. Shares of Sierra Wireless, which provides wireless wide area modem solutions for the mobile computing, rugged mobile, and machine-to-machine markets, are trading at a PE ratio of 57.24. The stock has an RSI of 50.22.

On March 27^th, 2017, research firm Raymond James downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. SWIR free research report PDF is just a click away at:

http://stock-callers.com/registration/?symbol=SWIR

Mitel Networks  

Ottawa, Canada headquartered Mitel Networks Corp.'s stock edged 0.30% lower, to close the day at $6.70. The stock recorded a trading volume of 219,154 shares. Mitel Networks' shares have advanced 3.40% in the last one month. The Company's shares are trading 3.51% and 5.07% below its 50-day and 200-day moving averages, respectively. Shares of the Company, which provides business communications and collaboration software, services, and solutions in the Americas, Europe, Middle East, Africa, and Asia/Pacific regions, are trading at a PE ratio of 24.10. Additionally, the stock has an RSI of 41.76. Sign up for your complimentary report on MITL at:

http://stock-callers.com/registration/?symbol=MITL

Turtle Beach  

On Tuesday, shares in San Diego, California headquartered Turtle Beach Corp. ended the session 1.79% lower at $0.83 with a total volume of 291,575 shares traded. The stock is trading 23.74% below its 50-day moving average and 30.38% below its 200-day moving average. Moreover, shares of the Company, which develops, commercializes, and markets a range of products under the Turtle Beach and HyperSound brands in the North America, the UK, Europe, and internationally, have an RSI of 32.30. Register for free on Stock-Callers.com and download the latest research report on HEAR at:

http://stock-callers.com/registration/?symbol=HEAR

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