By Seeking Alpha
Alcatel-Lucent (NYSE: ALU) is set to release its 3rd quarter financial report this coming October 31. Analysts are saying that a new turnaround is forthcoming for Alcatel-Lucent. The stock has been down 74.59% for the past 10 years and value investors are now saying that Alcatel-Lucent is ripe for bargain hunting.
Alcatel-Lucent is trading at $3.21, giving this giant telecom company a meager market capitalization of only $7.34 billion. The stock market has punished Alcatel since it merged with Lucent Technologies in 2006. It is true that the new entity has suffered net losses every year since they merged but Alcatel-Lucent has consistently produced new technological innovations – making it still one of the top competitors of Cisco (CSCO) Systems.