Tag Archives: alu

Alcatel-Lucent Revenue Boost Seen From FX Tailwind

France-based Alcatel-Lucent’s (ALU) 2015 revenue will get a boost from currency exchange rates, says Citigroup, even as many U.S. tech firms lower estimates for the same FX reasons. Citigroup analyst Ehud Gelblum on Friday raised his price target on Alcatel-Lucent to 5.38 from 4.31. The telecom network gear maker’s long-beleaguered U.S. stock was up 3% in early trading in the stock market today, near 3.80. Shares have traded under 5 for almost

Convergence Seen Pushing Ciena Into Cisco Territory

Fiber-optic parts maker Ciena (CIEN) is moving up the telecom supply chain, taking on network gear vendors Juniper (JNPR), Cisco Systems (CSCO) and Alcatel-Lucent (ALU), UBS says in a new report. Ciena, whose core business is selling optical technologies, is adding more packet-switching networking functionality into its products, says UBS analyst Amitabh Passi, who has a buy rating and price target of 27 on the stock. Ciena shares are down about