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Telecommunications equipment industry

Stock Market Update: Nokia, Ericsson, and Others Receive Coverage from Investor-Edge

Strategic Insights

— 2 min read

In a significant development on January 7, 2015, Investor-Edge initiated coverage on five major companies: Nokia OYJ (NYSE: NOK), Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC), Extreme Networks Inc. (NASDAQ: EXTR), ARRIS Group Inc. (NASDAQ: ARRS), and Sierra Wireless Inc. (NASDAQ: SWIR). This move comes as the NASDAQ Composite ended at 4,592.74, down 1.29%, the Dow Jones Industrial Average edged 0.74% lower, and the S&P 500 closed at 2,002.61, down 0.89%.

Key Takeaways:

  • Nokia OYJ's stock lost 1.57% to close at $7.54, recording a trading volume of 12.88 million shares, below its three months average volume of 16.63 million shares.
  • The stock's 50-day moving average of $8.08 is above its 200-day moving average of $7.79, and its RSI of 39.12 indicates potential undervaluation.
  • Telefonaktiebolaget LM Ericsson's stock finished the day 0.50% lower at $11.86, with a trading volume of 5.15 million shares, above its three months average volume of 3.62 million shares.
  • The stock's 200-day moving average of $12.33 is greater than its 50-day moving average of $12.11, and its RSI of 39.81 suggests underperformance.
  • Extreme Networks Inc.'s shares have declined 1.70% in the previous three trading sessions, 5.96% in the last one month, and 49.93% in last one year, indicating significant user dissatisfaction.
  • ARRIS Group Inc.'s shares have gained 4.63% over the past three months and 19.90% in the previous year, despite declining 2.91% on January 6, 2015, to close at $28.84.
  • Sierra Wireless Inc.'s shares have surged 7.05% in the last one month, 72.46% in the previous three months, and 74.07% in the past one year, with an RSI of 67.37 indicating considerable interest in the stock.

Statistics:

  • Nokia OYJ's 50-day moving average: $8.08
  • Nokia OYJ's 200-day moving average: $7.79
  • Nokia OYJ's RSI: 39.12
  • Telefonaktiebolaget LM Ericsson's 200-day moving average: $12.33
  • Telefonaktiebolaget LM Ericsson's 50-day moving average: $12.11
  • Telefonaktiebolaget LM Ericsson's RSI: 39.81
  • Extreme Networks Inc.'s 50-day moving average: $3.57
  • Extreme Networks Inc.'s 200-day moving average: $4.44
  • Extreme Networks Inc.'s RSI: 44.12
  • ARRIS Group Inc.'s 200-day moving average: $29.66
  • ARRIS Group Inc.'s 50-day moving average: $29.14
  • ARRIS Group Inc.'s RSI: 53.81
  • Sierra Wireless Inc.'s 50-day moving average: $37.79
  • Sierra Wireless Inc.'s 200-day moving average: $26.32
  • Sierra Wireless Inc.'s RSI: 67.37

Sources:

  • Investor-Edge (PRNewswire, January 7, 2015)
  • Investor-Edge (freeresearch@investor-edge.com)
  • Investor-Edge (research@investor-edge.com)
  • CFA Institute (cfa.com)
  • NASDAQ Composite (NASDAQ.com)
  • Dow Jones Industrial Average (DowJones.com)
  • S&P 500 (S&P.com)
  • Nokia OYJ (nokia.com)
  • Telefonaktiebolaget LM Ericsson (ericsson.com)
  • Extreme Networks Inc. (extremenetworks.com)
  • ARRIS Group Inc. (arris.com)
  • Sierra Wireless Inc. (sierrawireless.com)

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