On Tuesday, Shares of Lumentum Holdings Inc (NASDAQ:LITE), added 1.81% and closed at $36.50 in the last trading session. The last trading range of the stock ranges between $35.65 and $37.00. On Friday, October 28, 2016, the NASDAQ Composite, the Dow Jones Industrial Average, and the S&P 500 closed down with the US markets also showing signs of a bearish trend as five out of nine sectors ended the session in negative. Taking the markets’ pulse, Stock-Callers this morning has initiated research reports on the following Communication Equipment equities: Lumentum Holdings Inc. (LITE), Knowles Corporation (KN), Harmonic Inc. (HLIT), and Impinj Inc. (PI). Learn more about these stocks by downloading their comprehensive and free reports at:
Milpitas, California headquartered Lumentum Holdings Inc.’s stock declined 3.73%, to finish Friday’s session at $37.45 with a total volume of 2.14 million shares traded. Over the past three months and the previous one year, Lumentum’s shares have surged 23.15% and 158.10%, respectively. Shares of the company, which manufactures and sells optical and photonic products for optical networking and commercial laser customers worldwide, are trading 30.86% above its 200-day moving average. Lumentum’s stock has a Relative Strength Index (RSI) of 36.49.
Garmin Ltd. (NASDAQ:GRMN), jumped 0.61% and closed at $48.17 in the last trading session. The last trading range of the stock ranges between $47.41 and $48.46. The company’s Market capitalization is $9.25 Billion with the total Outstanding Shares of 188.45 million. Garmin International Inc., a unit of Garmin Ltd. (GRMN), recently declared the VHF 110 and VHF 210 AIS, two new powerful VHF radios designed for both OEM and aftermarket applications. Featuring an updated industrial design and sleek aesthetics, these radios were built to compliment the most recent GPSMAP® chartplotters and multi-function displays (MFDs), and offer full integration with Garmin systems via NMEA 2000®. The VHF 110 and VHF 210 AIS are being declared in conjunction with the Fort Lauderdale International Boat Show, Nov. 3-7, and will be on display at the Garmin booth #323-324.
“Communication and situational awareness are critical on the water,” said Dan Bartel, Garmin vice president of worldwide sales. “These new VHF radios will give fishermen, sailors and cruisers confidence at their fingertips in an emergency situation, and with an all-new eye-catching design, they’ll be an attractive option for any helm.”
On the otherhand The GEO Group Inc (NYSE:GEO), lost -0.08% and closed at $23.88 in the last trading session. The last trading range of the stock ranges between $23.72 and $24.40. During the 52-week trading session the minimum price at which share price traded, registered at $16.26 and reached to max level of $35.14. The GEO Group, Inc. (GEO) (“GEO”), a fully integrated equity real estate investment trust (“REIT”) and a leading provider of evidence-based offender rehabilitation and community reentry services around the globe, stated recently its financial results for the third quarter 2016.
Third Quarter 2016 Highlights
Net Income Attributable to GEO of $0.59 per Diluted Share
Net Operating Income of $145.2 million
Normalized FFO of $0.79 per Diluted Share
AFFO of $0.96 per Diluted Share
GEO stated third quarter 2016 net income attributable to GEO of $43.7 million, or $0.59 per diluted share, contrast to $38.3 million, or $0.52 per diluted share, for the third quarter 2015. GEO stated third quarter 2016 Normalized Funds From Operations (“Normalized FFO”) of $59.1 million, or $0.79 per diluted share, contrast to $54.7 million, or $0.74 per diluted share, for the third quarter 2015. GEO stated third quarter 2016 Adjusted Funds From Operations (“AFFO”) of $71.5 million, or $0.96 per diluted share, contrast to $66.3 million, or $0.90 per diluted share, for the third quarter 2015. GEO stated third quarter 2016 Net Operating Income (“NOI”) of $145.2 million contrast to $132.0 million for the third quarter 2015.