{"scope": "industry", "title": "Communication Equipment", "sector": "Technology", "industry": "Communication Equipment", "intelligence": {"score": 32, "label": "Concentrated distribution", "tone": "negative", "stance": "Review exposure and filing context", "brief": "Priced common-share disposals are concentrated enough to warrant review, but they are not treated as a standalone bearish forecast.", "confidence": 94, "confidence_label": "Deep evidence", "filings": 699, "companies": 29, "insiders": 173, "signal_events": 423, "acquisition_events": 47, "disposal_events": 376, "acquisition_share": 11.1, "disposal_share": 88.9, "acquisition_value": 59688354.42, "disposal_value": 429922277.799, "net_value": -370233923.379, "acquisition_value_label": "$59.7M", "disposal_value_label": "$429.9M", "net_value_label": "-$370.2M", "data_quality": 63, "priced_common_share": 63, "latest_date": "2026-08-06", "latest_signal_date": "2026-08-06", "oldest_date": "2026-05-14", "evidence_classes": [{"key": "common_equity", "label": "Common equity", "count": 577, "bar_width": 100.0}, {"key": "equity_award", "label": "Equity compensation", "count": 96, "bar_width": 16.6}, {"key": "derivative", "label": "Options and derivatives", "count": 22, "bar_width": 3.8}, {"key": "other", "label": "Other securities", "count": 4, "bar_width": 0.7}], "roles": [{"label": "Director", "count": 184, "bar_width": 100.0}, {"label": "Other or unspecified", "count": 149, "bar_width": 81.0}, {"label": "Other executive", "count": 143, "bar_width": 77.7}, {"label": "CEO and chair", "count": 118, "bar_width": 64.1}, {"label": "Finance leadership", "count": 101, "bar_width": 54.9}, {"label": "Large holder", "count": 4, "bar_width": 2.2}], "supports": ["47 distinct acquisition events survive duplicate and security-type controls.", "Participation spans 173 named insiders rather than one filing source.", "The latest qualifying evidence is fresh, dated 06 Aug 2026."], "risks": ["Qualifying disposal events outnumber acquisitions, although disposals receive a lower directional weight."]}, "timeline": [{"start": "2026-05-25", "label": "25 May", "acquisitions": 11, "disposals": 25, "qualified_acquisitions": 2, "qualified_disposals": 19, "total": 36, "height": 22.0, "acquisition_height": 30.6, "disposal_height": 69.4}, {"start": "2026-06-01", "label": "01 Jun", "acquisitions": 61, "disposals": 103, "qualified_acquisitions": 13, "qualified_disposals": 60, "total": 164, "height": 100.0, "acquisition_height": 37.2, "disposal_height": 62.8}, {"start": "2026-06-08", "label": "08 Jun", "acquisitions": 14, "disposals": 43, "qualified_acquisitions": 1, "qualified_disposals": 40, "total": 57, "height": 34.8, "acquisition_height": 24.6, "disposal_height": 75.4}, {"start": "2026-06-15", "label": "15 Jun", "acquisitions": 9, "disposals": 50, "qualified_acquisitions": 3, "qualified_disposals": 47, "total": 59, "height": 36.0, "acquisition_height": 15.3, "disposal_height": 84.7}, {"start": "2026-06-22", "label": "22 Jun", "acquisitions": 2, "disposals": 13, "qualified_acquisitions": 0, "qualified_disposals": 13, "total": 15, "height": 9.1, "acquisition_height": 13.3, "disposal_height": 86.7}, {"start": "2026-06-29", "label": "29 Jun", "acquisitions": 18, "disposals": 69, "qualified_acquisitions": 16, "qualified_disposals": 62, "total": 87, "height": 53.0, "acquisition_height": 20.7, "disposal_height": 79.3}, {"start": "2026-07-06", "label": "06 Jul", "acquisitions": 12, "disposals": 14, "qualified_acquisitions": 6, "qualified_disposals": 8, "total": 26, "height": 15.9, "acquisition_height": 46.2, "disposal_height": 53.8}, {"start": "2026-07-13", "label": "13 Jul", "acquisitions": 13, "disposals": 9, "qualified_acquisitions": 0, "qualified_disposals": 8, "total": 22, "height": 13.4, "acquisition_height": 59.1, "disposal_height": 40.9}, {"start": "2026-07-20", "label": "20 Jul", "acquisitions": 6, "disposals": 31, "qualified_acquisitions": 4, "qualified_disposals": 27, "total": 37, "height": 22.6, "acquisition_height": 16.2, "disposal_height": 83.8}, {"start": "2026-07-27", "label": "27 Jul", "acquisitions": 2, "disposals": 12, "qualified_acquisitions": 0, "qualified_disposals": 11, "total": 14, "height": 8.5, "acquisition_height": 14.3, "disposal_height": 85.7}, {"start": "2026-08-03", "label": "03 Aug", "acquisitions": 6, "disposals": 16, "qualified_acquisitions": 5, "qualified_disposals": 10, "total": 22, "height": 13.4, "acquisition_height": 27.3, "disposal_height": 72.7}, {"start": "2026-08-10", "label": "10 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}], "peers": [{"label": "Software", "score": 83, "confidence": 43}, {"label": "Scientific & Technical Instruments", "score": 50, "confidence": 94}, {"label": "Information Technology Services", "score": 42, "confidence": 92}, {"label": "Consumer Electronics", "score": 41, "confidence": 74}, {"label": "Communication Equipment", "score": 32, "confidence": 94}, {"label": "Software - Application", "score": 29, "confidence": 93}, {"label": "Semiconductors", "score": 28, "confidence": 96}, {"label": "Electronic Components", "score": 27, "confidence": 98}, {"label": "Semiconductor Equipment & Materials", "score": 25, "confidence": 96}, {"label": "Electronics & Computer Distribution", "score": 22, "confidence": 83}, {"label": "Solar", "score": 21, "confidence": 81}, {"label": "Software - Infrastructure", "score": 19, "confidence": 95}, {"label": "Computer Hardware", "score": 15, "confidence": 97}], "leaders": {"constructive": [{"symbol": "BDC", "name": "Belden Inc", "score": 75, "confidence": 49}, {"symbol": "MSI", "name": "Motorola Solutions Inc", "score": 72, "confidence": 42}, {"symbol": "WATT", "name": "Energous Corporation", "score": 72, "confidence": 28}, {"symbol": "ADTN", "name": "ADTRAN Inc", "score": 70, "confidence": 54}, {"symbol": "HPE", "name": "Hewlett Packard Enterprise Co", "score": 69, "confidence": 86}, {"symbol": "AMPG", "name": "Amplitech Group Inc", "score": 67, "confidence": 79}, {"symbol": "CLFD", "name": "Clearfield Inc", "score": 66, "confidence": 71}, {"symbol": "DGII", "name": "Digi International Inc", "score": 66, "confidence": 63}], "cautious": [{"symbol": "ONDS", "name": "Ondas Holdings Inc.", "score": 12, "confidence": 70}, {"symbol": "OCC", "name": "Optical Cable Corporation", "score": 12, "confidence": 79}, {"symbol": "LITE", "name": "Lumentum Holdings Inc", "score": 12, "confidence": 82}, {"symbol": "NTGR", "name": "NETGEAR Inc", "score": 12, "confidence": 95}, {"symbol": "AAOI", "name": "Applied Opt", "score": 12, "confidence": 96}, {"symbol": "CIEN", "name": "Ciena Corp", "score": 12, "confidence": 100}, {"symbol": "HLIT", "name": "Harmonic Inc", "score": 13, "confidence": 81}, {"symbol": "LTRX", "name": "Lantronix Inc", "score": 15, "confidence": 60}], "active": [{"symbol": "OCC", "name": "Optical Cable Corporation", "score": 12, "confidence": 79}, {"symbol": "VSAT", "name": "ViaSat Inc", "score": 39, "confidence": 92}, {"symbol": "CIEN", "name": "Ciena Corp", "score": 12, "confidence": 100}, {"symbol": "AAOI", "name": "Applied Opt", "score": 12, "confidence": 96}, {"symbol": "CSCO", "name": "Cisco Systems Inc", "score": 27, "confidence": 87}, {"symbol": "EXTR", "name": "Extreme Networks Inc", "score": 37, "confidence": 85}, {"symbol": "HPE", "name": "Hewlett Packard Enterprise Co", "score": 69, "confidence": 86}, {"symbol": "LITE", "name": "Lumentum Holdings Inc", "score": 12, "confidence": 82}]}, "method": "Group reads measure breadth and conviction across controlled company-level insider evidence; they are classifications, not forecasts."}