Tech Sector Bullish Stocks: Nokia Corporation (ADR) (NYSE:NOK), Infinera Corporation (NASDAQ:INFN), Cree(NASDAQ:CREE), Sonus Networks(NASDAQ:SONS), FireEye(NASDAQ:FEYE)


Nokia Corporation (ADR) (NYSE:NOK) stock is up by almost 7 percent Thursday morning on news of a strong third quarter. Not only was revenue up 13 percent year-over-year, but the company’s profit grew by 450 percent after excluding a restructuring charge after selling its device business to Microsoft (MSFT) and a goodwill write down of its mapping business. Nokia Corporation (ADR) (NYSE:NOK) in last trading activity advanced 5.93% to close at $8.40. Company weekly performance is 7.69% while its quarterly performance stands at 1.94%. Nokia Corporation (ADR) (NYSE:NOK) is -3.78% away from its 52 week high.

Infinera Corporation (NASDAQ:INFN) reported Quarterly total revenue was $173.5 million, up 22.2% year over year and also above the Zacks Consensus Estimate of $171 million. Segment wise, Product revenues were $147.2 million, up 21.3% year over year. Services revenues were $26.4 million, up 27.5% year over year. Domestic revenues constituted 70% of the total and the remaining 30% was generated from the International markets. On last trading day Infinera Corporation (NASDAQ:INFN) advanced 30.91% to close at $13.89. Its volatility for the week is 5.84% while volatility for the month is 4.72%. INFN’s sales growth for past 5 years was 0.90% and its EPS growth for past 5 years was -18.50%. Infinera Corporation (NASDAQ:INFN) monthly performance is 28.73%.

Cree, Inc. (NASDAQ:CREE) announced a breakthrough in lighting-class LED performance with its SC5 Technology Platform. The new platform powers the next generation of lighting with the introduction of Extreme High Power (XHP) LEDs. This new class of LEDs can reduce system costs by up to 40 percent in most lighting applications. On last trading day Cree, Inc. (NASDAQ:CREE) advanced 7.77% to close at $29.40. Its volatility for the week is 5.49% while volatility for the month is 4.52%. CREE’s sales growth for past 5 years was 23.80% and its EPS growth for past 5 years was 24.30%. Cree, Inc. (NASDAQ:CREE) monthly performance is -30.56%.

Sonus Networks, Inc. (NASDAQ:SONS) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $0.03 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.03, AnalystRatings.NET reports. The company issued revenue guidance of $76-82 million, compared to the consensus revenue estimate of $82.29 million. Sonus Networks, Inc. (NASDAQ:SONS) has 2.40% insider ownership while its institutional ownership stands at 66.40%. In last trading activity company’s stock closed at $3.20.

JPMorgan Chase & Co. upgraded shares of FireEye Inc. (NASDAQ:FEYE) from a neutral rating to an overweight rating in a research report released on Thursday morning, TheFlyOnTheWall.com reports. JPMorgan Chase & Co. currently has $54.00 price objective on the stock. On Thursday shares of FireEye, Inc. (NASDAQ:FEYE) closed at $30.88.


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