Top Communication Stocks are NOK, ALU, ADCT

Nokia Corporation (ADR) (NYSE:NOK) climbed up 3.11% over its previous day’s price and now trades at $13.59 on a massive volume of 20.96 million shares.  The stock has a 52-week range of $8.47-$16.58. Dow Jones reported that Siemens AG's and Nokia Corporation's joint venture Nokia Siemens Networks said that it has signed a framework agreement to provide infrastructure technology and services for Qatar-based communications group Qtel International. Under the agreement, standard terms and volume-based discounted pricing for network equipment will be available to companies of Qtel Group. It didn't disclose the value of the contract. The agreement is initially for one year, and can be extended for up to two more years.

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Alcatel-Lucent (ADR) (NYSE:ALU) jumped 5.10% to $3.30 on a massive volume of 9.60 million shares. The stock has a 52-week range of $1.09-$4.95. The company announced that it is joining forces with Orange, the brand name for France Telecom SA to provide expertise and facilities in support of a program, called Arc Bretagne Atlantique (ABA) which is designed to foster innovation and development of communications services and content generation in local enterprises.

ADC Telecommunications (NASDAQ:ADCT) is amongst the top gainer in the early few hours. The stock has spurted 14.86% and is trading at $6.18 with an unusual massive volume of 5.70 million shares. The stock has a 52-week range of $2.47-$9.78. The company announced that for second quarter of 2010, it expects net sales to be within the range of $260-280 million, GAAP diluted earnings per share (EPS) to be within the range of a loss of $0.04 to earnings of $0.06, which includes non-cash amortization expense of $0.05 per share and excludes potential non-cash charges or restructuring charges that the company cannot estimate at this time. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $276 million and EPS of $0.04 for the same period.

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