Alcatel-Lucent (ALU) Moving On Heavy Volume In The Pre-Market Hours

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Alcatel-Lucent ( ALU) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Alcatel-Lucent as such a stock due to the following factors:

  • ALU has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $58.4 million.
  • ALU traded 2.9 million shares today in the pre-market hours as of 8:24 AM, representing 19.1% of its average daily volume.

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More details on ALU:

Alcatel-Lucent provides Internet protocol (IP) and cloud networking, and ultra- broadband access worldwide. Currently there is 1 analyst that rates Alcatel-Lucent a buy, no analysts rate it a sell, and 7 rate it a hold.

The average volume for Alcatel-Lucent has been 11.3 million shares per day over the past 30 days. Alcatel-Lucent has a market cap of $9.8 billion and is part of the technology sector and telecommunications industry. Shares are down 2.2% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com Analysis:

TheStreet Quant 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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and weak operating cash flow.

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