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Stock Market & Financial Investment News

News Breaks
March 25, 2014
08:10 EDTCHA, CCIHChinaCache forms strategic partnership with China Telecom or CDN deployment
ChinaCache (CCIH) announced that it has entered into a strategic partnership with China Telecom (CHA), to jointly operate its content delivery network, or CDN, and to optimize China Telecom's network efficiency nationwide. ChinaCache and China Telecom will jointly build out and manage a CDN platform that combines China Telecom's extensive network resources and ChinaCache's vast experience developing CDN technologies and services. Through this partnership, China Telecom will share their network resources while ChinaCache will help to provide CDN platform technologies, technical support and customer services. ChinaCache will gain access to China Telecom's superior performing broadband network and can leverage their strong enterprise sales team to jointly promote the CDN network. These efforts support ChinaCache's goal of increasing CDN penetration across the country, particularly among the Internet enterprises, traditional enterprises, and Government and media customer segments.
News For CCIH;CHA From The Last 14 Days
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February 3, 2016
12:12 EDTCHAOclaro spikes after quarterly results, optical peers follow
Shares of optical networking firm Oclaro (OCLR) are advancing, along with its peers, after Oclaro reported better than expected quarterly results. WHAT'S NEW: After the close on Tuesday, Oclaro reported second quarter adjusted earnings per share of 3c on revenue of $94.1M. Both EPS and revenue were better than consensus estimates of (1c) and $91.5M, respectively. The company's adjusted gross margin rate for the quarter was 28.8%, much better than the 16.5% in the year ago quarter. Oclaro CEO Greg Dougherty pointed out the continuing growth in the company's 100G portfolio and said he expects revenue growth to continue in 2016. According to the CEO, revenue growth in the quarter "drove higher gross margin and net income." The company sees continued "robust" demand for its 100G product portfolio as it expands capacity in Asia. WHAT'S NOTABLE: Along with its Q2 results, Oclaro said it sees Q3 revenue of $97M-$103M, ahead of analyst expectations of $90.7M. On its Q2 earnings call, the company said it sees strong demand from China, with contract awards form China Telecom (CHA) and China Unicom (CHU ), which have deliveries slated for later in calendar year 2016. PRICE ACTION: Shares of Oclaro are up 10% in early afternoon trading. OPTICAL PEERS: Shares of other companies in the optical networking space are also out performing the market, including Finisar (FNSR), Infinera (INFN), Lumentum Holdings (LITE), NeoPhotonics (NPTN), and Ciena (CIEN).

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