Alcatel-Lucent Stock Gaps Up On Today's Open (ALU)
Shares of Alcatel-Lucent (NYSE:ALU) were gapping up Thursday morning with an open price 17.4% higher than Wednesday closing price. The stock closed at $3.56 yesterday and opened today's trading at $4.18.
NEW YORK ( TheStreet) -- Shares of Alcatel-Lucent (NYSE: ALU) were gapping up Thursday morning with an open price 17.4% higher than Wednesday's closing price. The stock closed at $3.56 Wednesday and opened today's trading at $4.18. The average volume for Alcatel-Lucent has been 15.2 million shares per day over the past 30 days. Alcatel-Lucent has a market cap of $8.1 billion and is part of the technology sector and telecommunications industry. Alcatel-Lucent offers products, solutions, and transformation services that enable service providers, enterprises, governments, and strategic industries to deliver voice, data, and video communication services to end-users worldwide. TheStreet Ratings rates Alcatel-Lucent as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Alcatel-Lucent Ratings Report.