• Return to Headlines

Lumentum Hol is Among the Companies in the Communications Equipment Industry with the Best Relative Performance (LITE , CAMP , CSCO , AAOI , PANW )

By Amy Schwartz

We looked at the Communications Equipment industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in this peer group.

Lumentum Hol (NASDAQ:LITE ) ranks first with a gain of 1.46%; Calamp Corp (NASDAQ:CAMP ) ranks second with a gain of 1.41%; and Cisco Systems (NASDAQ:CSCO ) ranks third with a gain of 1.17%.

Applied Optoelec (NASDAQ:AAOI ) follows with a gain of 0.90% and Palo Alto Networ (NYSE:PANW ) rounds out the top five with a gain of 0.71%.

SmarTrend recommended that subscribers consider buying shares of Lumentum Hol on June 18th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $49.45. Since that recommendation, shares of Lumentum Hol have risen 6.8%. We continue to monitor Lumentum Hol for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: relative performance lumentum hol calamp corp Cisco Systems applied optoelec palo alto networ