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Top 5 Companies in the Communications Equipment Industry with the Best Relative Performance (AAOI , LITE , ANET , PANW , CSCO )

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.

Applied Optoelec (NASDAQ:AAOI ) ranks first with a gain of 6.64%; Lumentum Hol (NASDAQ:LITE ) ranks second with a gain of 4.10%; and Arista Networks (NYSE:ANET ) ranks third with a gain of 3.36%.

Palo Alto Networ (NYSE:PANW ) follows with a gain of 2.60% and Cisco Systems (NASDAQ:CSCO ) rounds out the top five with a gain of 2.37%.

SmarTrend recommended that subscribers consider buying shares of Applied Optoelec on April 12th, 2018 as our technology indicated a new Uptrend was in progress when shares hit $29.62. Since that recommendation, shares of Applied Optoelec have risen 54.5%. We continue to monitor Applied Optoelec for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: relative performance applied optoelec lumentum hol arista networks palo alto networ Cisco Systems

Ticker(s): AAOI LITE ANET PANW CSCO