ZTE Corporation, which is the second-largest telecom equipment maker in China, warned of a third quarter loss of as much as 2 billion yuan, or $319.1 million, and shares plummeted by 15.1 percent in Hong Kong trading Monday. The company is blaming delays in certain overseas deals along with several low-margin contracts in Europe, Asia and the market in China. Accordingly, shares of Cisco Systems (NASDAQ:CSCO), Alcatel-Lucent (NYSE:ALU), LM Ericsson Telephone Company (NASDAQ:ERIC), Juniper Networks (NYSE:JNPR), and CIENA Corporation (NASDAQ:CIEN) are all on watch.
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>