Huawei Q1 sales up 39%
Chinese tech giant Huawei said Monday its revenue rose 39% over a year earlier in the latest quarter, despite U.S. pressure on allies to shun its telecom technology as a security risk.
Huawei, the biggest global maker of network equipment for phone and internet companies, on Monday reported revenue of 179.7 billion yuan ($26.8 billion) for the first three months of the year. Huawei gave no quarterly earnings but said its profit margin was 8%. That would be about 14.4 billion yuan ($2.1 billion). The revenue growth reported Monday was higher than the 19.5% gain reported earlier for 2018 annual revenue. The company earlier reported annual sales of 721.2 billion ($105.2 billion).
Notable companies
The most notable companies in this group are Cisco Systems (NASDAQ:CSCO), Verizon Communications (NYSE:VZ), Comcast Corp (NASDAQ:CMCSA), AT&T (NYSE:T), Arista Networks (NYSE:ANET), Juniper Networks (NYSE:JNPR).
Industry description
The investment seeks to provide capital appreciation.
The fund invests substantially all (at least 80%) of its net assets in equity securities of Telecommunications Companies that are traded in the United States and in derivatives, which primarily consist of futures contracts and options on securities, futures contracts, and stock indices. It may invest to a significant extent in the securities of Telecommunications Companies that have small to mid-sized capitalizations. The fund also may purchase American Depositary Receipts ("ADRs") to gain exposure to foreign Telecommunications Companies and U.S. government securities. It is non-diversified.
Market Cap
The average market capitalization across the Rydex Telecommunications C MF is 108.02B. The market cap for tickers in the group ranges from 11.16B to 202.5B. CSCO holds the highest valuation in this group at 202.5B. The lowest valued company is FFIV at 11.16B.
Volume
The average weekly volume growth across all stocks in the Rydex Telecommunications C MF was -26%. For the same stocks of the MF, the average monthly volume growth was 15% and the average quarterly volume growth was -9%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 52
P/E Growth Rating: 57
Price Growth Rating: 54
SMR Rating: 46
Profit Risk Rating: 62
Seasonality Score: 26 (-100 ... +100)
