Boston, MA, 04/07/2014 (usastockreports) – The favorable performance of Alcatel Lucent SA (ADR) (NYSE:ALU) in the last quarter has ensured the capability of the network equipment maker to increase its market share, without compromising on the prices charged. It has continued to increase its share in 2013 in managed LAN, wireless LANs and the data center switching markets. It surpassed Avaya in overall revenue in 2013 and in declining markets, such as Central and Latin America, Middle East, Africa and Europe; it reported a double digit growth. It provides networking and communication solutions to more than 250000 customers across the globe.
Struggle to black numbers
Facing stiff competition from the established and mostly successful rivals such as Ericsson, Huawei Technologies, Nokia Oyj and Cisco, the company has had to face a lot of tough decisions to bring itself back into the black. It has reported a profit for the first time in two years in the past financial year and registered a gain of almost 200%. This has been made possible due to the cost cutting and asset sales then effectively positioning of the company as a specialist in ultra-broadband access, internet protocol and cloud networking. Far from being written off due to its bad situation, it has emerged as a quite bankable entity.
Situations turn favorable
Alcatel Lucent SA (ADR) (NYSE:ALU) has succeeded in placing itself as a serious contender for the market share from big wigs like Cisco. The decision to sell its non-core assets and sale of 85% of its enterprise to China Huaxin for $362.5 million also has gone down well with the investors. Additionally it helped to reduce the debt position of the business. Cisco’s NSA spying scandal has made Alcatel Lucent into a more favorable investment option than the former. It rating has recently been updated by the stock analysts at Natixis from a “neutral” to a “Buy.” The company closed at the NYSE at down of 4.36%.