Top Communication Equipment Stock Movers (NOK, ERIC, INFN, EGHT)

Nokia Corporation (ADR) (NYSE:NOK) added 0.09% to $11.07. Last week, the company said that it swung to a net profit of 529 million euros ($742 million) from a loss of €559 million in the year-earlier third quarter, when it took a big impairment on its Nokia Siemens Networks business.

Revenue for the quarter rose 4.7% to €10.27 billion. Total device volumes increased 2% to 110.4 million and average selling prices edged up to €65 from €64 a year earlier.

The stock went down more than 14% year-to-date.

Telefonaktiebolaget LM Ericsson (ADR) (NASDAQ:ERIC) declined 2.35% to $11.21. The company on Friday said third-quarter net income attributable to shareholders rose to 3.68 billion Swedish kronor ($554 million), more than four times higher than 810 million kronor in the year-ago period.

A survey of analysts polled by Dow Jones Newswire forecast income of 3.47 billion kronor and a revenue of 47.73 billion kronor. 

Over the past 52-week, the stock had traded within the range of $8.94-$12.39. At today`s closing market price, the market capitalization of the company stood at $36.69 billion.

Infinera Corp. (NASDAQ:INFN) added 3.56% and closed at $8.43. Last week, the company reported a third-quarter profit of 4 cents a share against a year-earlier loss of 17 cents. Adjusted earnings were 18 cents against a 3-cent loss.

Analysts surveyed by FactSet were looking for a profit of 9 cents.

Over the past 52-week, the stock had traded within the range of $5.70-$12.90.

8x8, Inc. (NASDAQ:EGHT) soared 6.27% to $2.8 after the Company last week reported second quarter results for fiscal year 2011. Total revenue increased 8.0% year over year to $17.4 million. Net income for second quarter was $2 million or $0.0.03 per share compared to net income of $1.3 million or $0.02 per share in fiscal 2010 second quarter.