Tech Business Review: Telecom Equipment Stocks DOWN Due To Several Factors
Investors might do well to worry over the demand for telecom equipment, and the shares of several top names including (but not limited to) Alcatel-Lucent (NYSE:ALU), Tellabs, Inc. (NASDAQ:TLAB), and Juniper Networks (NYSE:JNPR), all of which were down mid-afternoon on Thursday, possibly abetted by poor guidance provided with Ciena’s fiscal third quarter results. In addition, AT&T Inc. (NYSE:T) and Verizon Communications (NYSE:VZ) are attempting to raise their near-term margins by maintaining lower capital expenditures, carriers on the Continent are dealing with macroeconomic and debt crises, and carriers in China are also cracking down on spending; any one, or all of above might give investors pause.
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