In a report BMO Capital analysts take a deeper look at the importance of China on QUALCOMM, Inc. (NASDAQ:QCOM)’s business. Analysts’ view is that the risk from the potential legal action and the move to LTE is lower than investors think. QUALCOMM, Inc. (NASDAQ:QCOM) stock opened at $75.50 in last session, and closed at $76.11, while the day range of QCOM stock is $75.35-$76.79.The stock showed a positive weekly performance of 2.08%.
Some of the recent decisions taken by Nokia Corporation (ADR) (NYSE:NOK) leave a lot of questions unanswered. Market watchers were hoping that the company could throw some light on the issues, but the company has chosen otherwise The most important question relates to the latest mobile hand sets being launched by Nokia Corporation (ADR) (NYSE:NOK). As the handset business is being acquired by Microsoft Corporation (NASDAQ:MSFT) and also considering that Nokia has always relied on Windows to power its smartphones, it was assumed that the new range would also operate on the Windows platform. Nokia Corporation (ADR) (NYSE:NOK) stock opened at $7.64, in last session and closed at $7.70, by gained 1.45%.The 52 week range was $3.02-$8.20.Company’s market capitalization is $28.59 billion.
Investors have been hoping that Alcatel Lucent SA (ADR) (NYSE:ALU) is firmly on the road to revival. Alcatel Lucent SA (ADR) (NYSE:ALU) rose 1.18% to $4.28 yesterday on volume of 1,119.00 shares. The intra-day range of the stock was $4.26 – $4.34. Alcatel Lucent SA (ADR) (NYSE:ALU) has a market capitalization of 10.24 billion. Broadcom Corporation (NASDAQ: BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, today announced its Open Network Function Virtualization (NFV) platform. Alcatel Lucent SA (ADR) (NYSE:ALU) stock gained 1.92% and finished the last session at $4.25. The EPS of the stock remained -1.61.Company’s market capitalization is $10.20 billion.
Networking gear maker Ciena Corporation (NYSE:CIEN) expects to announce financial results for its first quarter on Thursday, March 6, 2014 before the open of the financial markets. In conjunction with the announcement, Ciena’s management will host a live audio web broadcast on the same day beginning at 8:30 AM (Eastern). Ciena Corporation (NYSE:CIEN) stock opened the session at $25.00, and closed the session at $24.70.The 52 week range of the CIEN stock remained $14.14-$27.93 and the day range was $24.50-$25.18.