NEW YORK ( TheStreet) -- Shares of Alcatel-Lucent (NYSE: ALU) were gapping down Friday morning with an open price 15.9% lower than Thursday's closing price. The stock closed at $2.76 Thursday and opened today's trading at $2.32.

The average volume for Alcatel-Lucent has been 25.2 million shares per day over the past 30 days. Alcatel-Lucent has a market cap of $5.9 billion and is part of the technology sector and telecommunications industry. Shares are down 6.8% year to date as of the close of trading on Thursday.

Alcatel-Lucent provides 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 robust 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 a generally disappointing performance in the stock itself, generally poor debt management and weak operating cash flow. You can view the full Alcatel-Lucent Ratings Report.

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