Alcatel (ALU) Shares Volatile Early Following Cisco (CSCO) Q3 Beat, Light Outlook
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Alcatel Lucent (NYSE: ALU) shows early volatility increase as shares make an early move Thursday.
Market data has Alcatel implied volatility up 15 percent from Wednesday's close and up 120 percent over its annual historical average.
Shares are 2.3 percent better on the session.
Alcatel might be reacting to peer Cisco's (Nasdaq: CSCO) quarterly report, which saw a third-quarter beat but light fourth-quarter outlook. More can be read here.
Market data has Alcatel implied volatility up 15 percent from Wednesday's close and up 120 percent over its annual historical average.
Shares are 2.3 percent better on the session.
Alcatel might be reacting to peer Cisco's (Nasdaq: CSCO) quarterly report, which saw a third-quarter beat but light fourth-quarter outlook. More can be read here.
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