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Relatively Good Performance Detected in Shares of Palo Alto Networ in the Communications Equipment Industry (PANW , AAOI , LITE , COMM , INFN )

By David Diaz

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.

Palo Alto Networ (NYSE:PANW ) ranks first with a gain of 4.38%; Applied Optoelec (NASDAQ:AAOI ) ranks second with a gain of 2.35%; and Lumentum Hol (NASDAQ:LITE ) ranks third with a gain of 1.61%.

Commscope Holdin (NASDAQ:COMM ) follows with a gain of 1.51% and Infinera Corp (NASDAQ:INFN ) rounds out the top five with a gain of 1.39%.

SmarTrend is monitoring the recent change of momentum in Lumentum Hol. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Lumentum Hol in search of a potential trend change.

Keywords: relative performance palo alto networ applied optoelec lumentum hol commscope holdin infinera corp