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Technical Coverage on Communications Equipment Stocks -- Ruckus Wireless, Emulex, Sonus Networks, Infinera, and Alliance Fiber Optic Products

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LONDON, August 12, 2014 /PRNewswire/ --

On Monday, August 11, 2014, the NASDAQ Composite ended at 4,401.33, up 0.70%, the Dow Jones Industrial Average edged 0.10% higher to finish the day at 16,569.98, and the S&P 500 closed at 1,936.92, up 0.28%. The gains were broad based as seven out of ten sectors ended the session in positive. The S&P 500 Information Technology Sector Index ended the day at 640.80, up 0.58%, with the index also advancing 8.27% in the previous three months. Investor-Edge has initiated coverage on the following equities: Ruckus Wireless Inc. (NYSE: RKUS), Emulex Corporation (NYSE: ELX), Sonus Networks Inc. (NASDAQ: SONS), Infinera Corporation (NASDAQ: INFN), and Alliance Fiber Optic Products Inc. (NASDAQ: AFOP). Free research on these five companies can be accessed at:  


On Monday, shares in Ruckus Wireless Inc. fluctuated between $12.89 and $13.06 before ending the session 0.23% higher at $12.93. The stock reported a trading volume of 1.66 million shares, above its three months average volume of 1.48 million shares. Shares of the company traded at a PE ratio of 404.57. Ruckus Wireless Inc.'s shares have surged 8.84% in the last one month and 40.70% in the previous three months. However, the stock has lost 8.94% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $11.63 and $12.54, respectively. Moreover, shares of Ruckus Wireless Inc. have a Relative Strength Index (RSI) of 64.20. Sign up and read the free notes on RKUS at:


Emulex Corp.'s stock edged 0.78% lower, to close the day at $5.09. The stock recorded a trading volume of 0.97 million shares, below its three months average volume of 1.32 million shares. The stock oscillated between $5.05 and $5.21 during the session. Although, Emulex Corp.'s shares have gained 0.79% in the last three months, it has declined 5.21% in the previous one month and 28.91% on YTD basis. The stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $6.65 is above its 50-day moving average of $5.48. Additionally, Emulex Corp. has an RSI of 40.90. The complimentary notes on ELX can be downloaded as in PDF format at:


On Monday, shares in Sonus Networks Inc. recorded a trading volume of 2.51 million shares, lower than its three months average volume of 3.02 million shares. The stock ended the day at $3.71, which was 1.09% above its previous day's closing of $3.67, and registered an intraday range of $3.62 and $3.74. Over the last three trading sessions and previous three months, Sonus Networks Inc.'s shares have advanced 0.54% and 11.41%, respectively. Additionally, from the beginning of 2014, the stock has surged 17.78%. The company's shares are trading above their 200-day moving average of $3.34, while the 200-day moving average is below Sonus Networks Inc.'s 50-day moving average of $3.76. Furthermore, shares of Sonus Networks Inc. have an RSI of 44.68. Register for free on Investor-Edge and access the latest research on SONS at:


Infinera Corp.'s stock finished the Monday's session at its previous day's closing price of $9.22, after oscillating between $9.17 and $9.33. The stock recorded a trading volume of 1.41 million shares, below its three months average volume of 1.62 million shares. Infinera Corp.'s shares have advanced 5.61% in the last one month and 11.62% in the previous three months. However, the stock has declined 5.73% since the start of this year. The stock is trading above its 50-day and 200-day moving averages. Infinera Corp.'s 50-day moving average of $9.10 is above its 200-day moving average of $9.00. Further, the stock has an RSI of 54.17. The complete research on INFN is available for free at:


Alliance Fiber Optic Products Inc.'s stock finished Monday's session 3.34% higher at $14.22. A total of 0.64 million shares were traded, which was below its three months average volume of 0.73 million shares. The stock moved between $13.87 and $14.46 during the session. Over the last one month and since the beginning of 2014, Alliance Fiber Optic Products Inc.'s shares have declined 17.66% and 5.51%, respectively. However, the stock has gained 3.34% in the previous three trading sessions. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $17.75 is greater than its 200-day moving average of $16.26. Alliance Fiber Optic Products Inc.'s stock traded at a PE ratio of 11.38 and has an RSI of 36.20. Free in depth research on AFOP is available at:


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2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

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