Alcatel-Lucent Stock Gaps Down On Today's Open (ALU)
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 yesterday and opened today's trading at $2.32.
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. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.