Yahoo Finance Today’s Research Reports on Trending Tickers: Arista Networks and Lumentum Holdings
NEW YORK, NY / ACCESSWIRE / April 18, 2018 / Markets continued to rise on Tuesday as investor focus continues to shift from geopolitical concerns to strong corporate earnings from major U.S. companies. The Dow Jones Industrial Average rose 0.87 percent to close at 24,786.63, while the S&P 500 Index jumped 1.07 percent to close 2,706.39, with all 11 S&P 500 sectors posting gains. The tech-heavy Nasdaq Composite Index spiked 1.74 percent to close at 7,281.10, as Netflix soared 9.19 percent on better-than-expected subscriber growth.
“Even though we this quarter had been marked by considerably high expectations, both earnings and revenue are coming in ahead of expectations. This is just what the doctor ordered to divert our attention from the uncertainty of geopolitical issues,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott, according to MarketWatch.
RDI Initiates Coverage on:
Arista Networks, Inc.
https://rdinvesting.com/news/?ticker=ANET
Lumentum Holdings Inc.
https://rdinvesting.com/news/?ticker=LITE
Arista Networks' stock jumped 7.25% Tuesday, to close the day at $256.80. The stock recorded a trading volume of 2,038,659 shares, which was above its three months average volume of 1,335,512 shares. In the last year, Arista Networks' shares have traded in a range of 132.09 - 311.67. The share price has gained 94.24% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $272.13 is greater than its 200-day moving average of $241.96. Shares of the company are trading at a Price to Earnings ratio of 48.01. Shares of Arista Networks have fallen roughly 12.57 percent in the past month and are up 9.01 percent year-to-date.
Access RDI’s Arista Networks, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ANET
On Tuesday, shares of Lumentum recorded a trading volume of 2,897,696 shares, which was above the three months average volume of 2,576,650 shares. The stock ended the day 5.94% higher at 61.95. The share price has gained 53.53% from its 52 week low with a 52 week trading range of 40.35 - 74.40. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $64.58 is greater than its 200-day moving average of $56.59. Shares of Lumentum are trading at a Price to Earnings ratio of 38.48. Shares of Lumentum have fallen roughly 11.44 percent in the past month and are up 26.69 percent year-to-date.
Access RDI’s Lumentum Holdings Inc. Research Report at:
https://rdinvesting.com/news/?ticker=LITE
Our Actionable Research on Arista Networks, Inc. (NYSE:ANET) and Lumentum Holdings Inc. (NASDAQ:LITE) can be downloaded free of charge at Research Driven Investing.
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