Communication Equipment Top Losers: Zhone Technologies Inc (NASDAQ:ZHNE), Ikanos Communications (NASDAQ:IKAN), Wireless Telecom Group (NYSEMKT:WTT), Iteris Inc (NYSEMKT:ITI)

Zhone Technologies Inc (NASDAQ: ZHNE), a global leader in FTTx network access solutions, reported its financial results for the fourth quarter of 2013, ended December 31, 2013. Zhone Technologies Inc (NASDAQ:ZHNE) stock opened at $4.10 in last session, and closed at $3.72, while the day range of ZHNE stock is $3.64 – $4.11. The stock showed a negative weekly performance of -18.60%.

Ikanos Communications, Inc. (NASDAQ:IKAN) said its revenue for the fourth quarter of 2013 was USD17.6m compared to revenue of USD16.9m for the third quarter of 2013. Ikanos Communications, Inc. (NASDAQ:IKAN) stock opened at $1.00, in last session and closed at $0.930, by losing -6.97%. The 52 week range of IKAN is $0.93 – $2.11. Company’s market capitalization is $90.04million.

Wireless Telecom Group Inc (NYSEMKT:WTT) continues to post steady top line growth due to the recent triple-digit revenue growth in the network solutions segment, which was offset by weakness in the test and measurement segment. Wireless Telecom Group Inc (NYSEMKT:WTT) stock decreased -10.29% and finished the last session at $3.05. The EPS of the stock remained 0.14. Company’s market capitalization is $73.30million.

Iteris Inc. (NYSEMKT:ITI), which provides traffic management services, said its fiscal third-quarter net income declined from a year ago but revenue gained 18%. Iteris Inc (NYSEMKT:ITI) stock opened the session at $2.23, and closed the session at $2.10. The 52 week range of the ITI stock remained $1.55 – $2.50 and the day range was $2.10 – $2.29.

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