Communication Equipment Stocks: Nokia Corporation (NYSE:NOK), QUALCOMM (NASDAQ:QCOM), AudioCodes (NASDAQ:AUDC), Infinera Corp. (NASDAQ:INFN)

Technology Stocks News 17

Nokia Corporation (ADR) (NYSE:NOK)’s Android-based X smartphone has been spotted on the e-retailer The Mobile Store. The site had listed the smartphone with a price tag of Rs. 8,500 and promised availability from March 15th. Interestingly, the current listing does not show the pricing and availability details. Nokia Corporation (ADR) (NYSE:NOK) stock performance was 1.17% in last session and finished the day at $7.79. Traded volume was 16,056,793 million shares in the last session and the average volume of the stock remained 21.83 million shares. The beta of the stock remained 1.88.

The board of directors of QUALCOMM Inc. (NASDAQ:QCOM) recently raised the company’s quarterly cash dividend by 20% to 42 cents per share on its common stock. The hike will be effective from the day of declaration. QUALCOMM, Inc. (NASDAQ:QCOM) rose 0.74 percent to $76.67 yesterday on volume of 6.79 million shares. The intra-day range of the stock was $75.79 to $76.96. QUALCOMM, Inc. (NASDAQ:QCOM) has a market capitalization of $129.66 million.

AudioCodes Ltd. (NASDAQ:AUDC) said Wednesday that it has priced an underwritten public offering of 3.5 million of its ordinary shares at a purchase price of $8.00 per share. AudioCodes Ltd. (NASDAQ:AUDC)’s stock on Mar 5, 2014 reported a decrease of -6.98% to the closing price of $8.39. Its fifty two weeks range is $3.02 -$9.12. The total market capitalization recorded $324.98 million. The overall volume in the last trading session was 4,202,612 million shares. In its share capital, AudioCodes Ltd. (NASDAQ:AUDC) has 38.60 million outstanding shares.

Infinera introduced Corp. (NASDAQ:INFN) a multi-layer automation solution that integrates the efficiency of its digital switching paradigm with the scale of optical switching to create the communication foundation of cloud-based services and the Internet. On Wednesday, shares of Infinera Corp. (NASDAQ:INFN) dropped 1.34% to close the day at $8.72. Company return on investment (ROI) is -4.90% and its monthly performance is recorded as 5.95%. Infinera Corp. (NASDAQ:INFN) quarterly revenue growth is -3.75%.

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