{"id":1643,"date":"2013-06-11T14:11:41","date_gmt":"2013-06-11T14:11:41","guid":{"rendered":"\/?p=1643"},"modified":"2013-06-11T14:12:17","modified_gmt":"2013-06-11T14:12:17","slug":"can-alcatel-lucent-nysealu-hold-fast-after-surge","status":"publish","type":"post","link":"\/articles\/can-alcatel-lucent-nysealu-hold-fast-after-surge\/","title":{"rendered":"Can Alcatel Lucent (NYSE:ALU) Hold Fast After Surge?"},"content":{"rendered":"

\"50ALU_chart.png\"Right after we last covered Alcatel Lucent (NYSE:ALU<\/a>), the company caught a nice boost in the following two sessions, gaining 4.7% and 4.5%. After the two green days, ALU<\/a> closed 1% down in yesterday’s session, managing to hold its ground. <\/p>\n

T<\/a>he surge in price was attributed by some to the success of Ciena Corporation (NASDAQ:CIEN<\/a>). T<\/a>he network hardware company with a market cap of just over $2 billion announced Q2 results that outpaced expectations in both EPS and revenues that managed to pop above half a billion. T<\/a>he company also issued strong guidance for the current quarter, setting its revenue target $20 million ahead of the analyst consensus.<\/p>\n

T<\/a>his immediately sent CIEN<\/a> on a bullish run and the price went up 17% last T<\/a>hursday. T<\/a>his move probably sent ripples through the entire sector and Alcatel piggy-backed the surge. ALU<\/a> stock managed to push its way into a new one-year high, after a very good run in late May and early June.<\/p>\n

T<\/a>here has been educated speculation that as a third of CIEN<\/a>‘s revenue came from two unnamed major clients, likely AT<\/a>&T<\/a> (NYSE:T<\/a>) and Verizon Comm. Inc. (NYSE:VZ<\/a>), Alcatel could potentially stand to gain from the news, as ALU<\/a> is the party who will be building AT<\/a>&T<\/a>‘s LT<\/a>E network.<\/p>\n

\"58ALU_logo.jpeg\"Alcatel did log yearly loss last year, after a huge drop in earnings sent it on the wrong side of the bottom line. It remains to be seen how successful the company is with its restructuring plan that should help it contain expenses to a sufficient degree.<\/p>\n

ALU<\/a> opened down this morning and is currently trading at $1.77 or 2.4% down in early trading. CIEN<\/a> is also down about 1% at the moment of writing.<\/p>\n","protected":false},"excerpt":{"rendered":"

Right after we last covered Alcatel Lucent (NYSE:ALU), the company caught a nice boost in the following two sessions, gaining 4.7% and 4.5%. After the two green days, ALU closed 1% down in yesterday’s...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[764,762,761,763],"class_list":["post-1643","post","type-post","status-publish","format-standard","hentry","category-news","tag-alu","tag-cien","tag-t","tag-vz"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=1643"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1643\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=1643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=1643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=1643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}