Alcatel-Lucent (ALU) Jumps on the Times Cube Story

Shares of Paris-based Alcatel-Lucent (ALU) are currently up 4.29% at $5.11 per share during Thursday afternoon trading. Strength being attributed to a NY Times report that states the company at the Mobile World Congress in Barcelona, the industry’s largest annual gathering, may have grabbed the spotlight.

According to the report, Alcatel introduced a “cellphone base station the size of a Rubik’s cube, weighing only 300 grams, or 10.6 ounces, that mimics the capability of a standard base station. A matrix of eight such cubes laid side by side, roughly the size of a small stereo speaker, can transmit more than two miles, or 3.2 kilometers.

Jean-Pierre Lartigue, VP for wireless marketing and strategy at Alcatel-Lucent, said the tiny base station consumed 50% less electricity than conventional base stations…At the Alcatel-Lucent exhibition booth.. engineers and operator executives were jostling to get a view of the cube, peppering Alcatel-Lucent representatives with questions about the technology.”

Developed at Alcatel-Lucent’s Bell Labs, the cube is made of a plastic compound and contains 200 patented innovations.

Today’s trading range for shares of Alcatel has been between $4.89 and a 52-wkh of $5.12 per share. Volume has exploded with more than 35 million shares already trading hands compared to a daily average volume of 20 million.

ALU currently trades at a 0.60x on a price to sales basis. The equity has a forward P/E of 12.14 and a P/E to Growth ratio of 3.59. The median Wall Street price target on the stock is $4.94 with a high target of $9.50.

No Position

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

About Ron Haruni 1139 Articles
Ron Haruni

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.