Alcatel Lucent SA (ADR) (ALU), Groupon Inc (GRPN), GoPro Inc (GPRO): Watch These Stocks

Alcatel Lucent SA (ADR) (NYSE:ALU) has its Investor Day coming up on November 11. Eyes are focused on what the company would say concerning the ability to achieve its performance guidance. It will be important for the company to highlight its Core Networking business and revenue targets there. At least, its other segments have shown signs of recovery, setting a positive tone for the upcoming important meeting.

Meanwhile, Alcatel Lucent SA (ADR) (NYSE:ALU) updated that it completed the sale of another one of its non-core assets. The company closed the transfer of the ownership of its cybersecurity business to a company known as Thales. The companies did not update on the financial details of the transaction. However, it remains clear that it was part of the streamlining efforts by Alcatel Lucent SA (ADR) (NYSE:ALU).

The French communications equipment maker is seeking to return to profitability after a lengthy period of loss-making. Unlocking of funds from non-core assets coupled with cost-cutting are some of the efforts it is making towards profitability.

Although Alcatel Lucent SA (ADR) (NYSE:ALU) sold its cybersecurity arm, it will continue to work together with the buyer under a partnership in the business.

Analyst help identify trailing stop-losses for both long and short position in ALU.

Groupon Inc (NASDAQ:GRPN) has been reshuffling its management positions with some departures and promotions recognized. Such efforts have been important to boost performance in the company as can be seen in the most recent quarterly results.

Groupon Inc (NASDAQ:GRPN) posted 3Q earnings results that topped the estimates, and several analysts have recently weighed in on the stock in the post-earnings. Some of the firms that have recently commented on the stock of Groupon include Credit Suisse and Deutsche Bank. Analysts at Credit Suisse, for instance, issued “Neutral” rating on the stock and set target price of $6.50 on it.

At Deutsche Bank, the transformed e-commerce provider carries a “Buy” rating and $8 target price. Deutsche Bank commented that a lot of things were starting to firm up in Groupon Inc (NASDAQ:GRPN). Such include re-acceleration of billings.

Have analyst identified a ongoing trend in GRPN? 

GoPro Inc (NASDAQ:GPRO) tapped Zander Lurie to be its new SVP of Media. Lurie, joining the company from Guggenheim Digital Media, will help modify GoPro’s image as a media company. GoPro is pushing aggressively into the content arena.

GoPro Inc (NASDAQ:GPRO)’s robust 3Q earnings continue to have their positive effect on the price of the stock. Analysts have also been adding to the optimism in the stock with their upbeat observations. For example, analysts at FBN Securities believe that GoPro still have adequate room to soar. The firm, which has an “Outperform” rating on GoPro, raised target price on the stock to $100 from $90.

GoPro Inc (NASDAQ:GPRO) exceeded the analyst projection in the latest quarter when it earned $0.12 per share against $0.08. Revenue was $280 million. Analysts expected revenue of $266 million. The company expects to make strong holiday season sales, which should boost its 1Q performance next year.

Read what this analyst has to say about GPRO.

About the Author

Cooper is a graduated from Buffalo State College in New York with a bachelor's degree in Broadcast Journalism.

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