Alcatel-Lucent Stock Gaps Up On Today's Open (ALU)
Shares of Alcatel-Lucent (NYSE:ALU) were gapping up Friday morning with an open price 14.4% higher than Thursday's closing price. The stock closed at $1.94 yesterday and opened today's trading at $2.22.
NEW YORK ( TheStreet) -- Shares of Alcatel-Lucent (NYSE: ALU) were gapping up Friday morning with an open price 14.4% higher than Thursday's closing price. The stock closed at $1.94 Thursday and opened today's trading at $2.22. The average volume for Alcatel-Lucent has been 19.3 million shares per day over the past 30 days. Alcatel-Lucent has a market cap of $4.51 billion and is part of the technology sector and telecommunications industry. Shares are up 24.4% year to date as of the close of trading on Thursday. Alcatel-Lucent, S.A. 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 impressive record of earnings per share growth, compelling growth in net income and notable return on equity. 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. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.