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Stock Market & Financial Investment News

News Breaks
March 14, 2013
11:14 EDTOCLR, JDSU, CSCO, FNSR, CIEN, AVGO, ZTCOY, CHLChina Mobile plans to increase FY13 CapEX 49% to 190B yuan
In its FY12 annual results presentation, the company cited the recalibration to next generation mobile communications with full support of TD-LTE from the government. The company plans to have more than 200,000 base stations in 2013 to support the build-out.
News For CHL;CIEN;JDSU;ZTCOY;FNSR;OCLR;AVGO;CSCO From The Last 14 Days
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December 5, 2014
10:45 EDTCSCOCisco files patent infringement complaints against Arista Networks
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10:40 EDTAVGO, FNSROptions with decreasing implied volatility
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05:51 EDTFNSRFinisar weakness a buying opportunity, says Piper Jaffray
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December 4, 2014
18:34 EDTFNSROn The Fly: After Hours Movers
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16:13 EDTFNSRFinisar down 3% after earnings, guidance miss estimates
16:04 EDTFNSRFinisar sees Q3 EPS 23c-27c, consensus 28c
Sees Q3 revenues $297M-$312M, consensus $323.85M. Sees Q3 non-GAAP gross margin of approximately 31%. "The second quarter was challenging. During the quarter, we experienced decreased demand for telecom products compared to the prior fiscal quarter, due to sluggish carrier capital expenditures. In addition, sales of transceivers for wireless applications were soft as were sales to several datacom customers with lumpy order patterns," said Jerry Rawls, Finisar's executive Chairman. "We remain confident in our industry leading market position and the long term growth potential for the industry. We expect revenue to grow sequentially in the third fiscal quarter, primarily driven by growth in the demand for 40 gigabit and 100 gigabit transceivers for datacom applications as well as transceivers for wireless applications," said CEO Eitan Gertel.
16:02 EDTFNSRFinisar reports Q2 EPS 23c, consensus 25c
Reports Q2 revenue $297.0M, consensus $315.25M. Non-GAAP gross margin decreased to 31.1% from 32.0% in the preceding quarter.
15:18 EDTFNSRNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Cooper Companies (COO), consensus $2.03; ULTA Salon (ULTA), consensus 84c; American Eagle Outfitters (AEO), consensus 22c; Five Below (FIVE), consensus 6c; Ambarella (AMBA), consensus 54c; Finisar (FNSR), consensus 25c; Smith & Wesson (SWHC), consensus 7c.
10:24 EDTAVGOOptions with decreasing implied volatility: AVNR ASNA ANF AVGO PVH
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09:23 EDTAVGOOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Avago (AVGO), up 7.2%... Kroger (KR), up 3.1%... Rite Aid (RAD), up 3.1%... Sears Holdings (SHLD), up 2.3%. ALSO HIGHER: Array Biopharma (ARRY), up 24% after reaching a definitive agreement with Novartis (NVS) to regain full worldwide rights to binimetinib... Hawaiian Electric (HE), up 13.5% following merger announcement with NextEra Energy (NEE)... SinoCoking Coal (SCOK), up 14.2% after beginning construction of second aboveground Syngas facility... Plug Power (PLUG), up 12.3% after announcing $20M ReliOn fuel cell contract... Mobileye (MBLY), up 3.4% after being upgraded to Buy from Hold at Deutsche Bank... CTI BioPharma (CTIC), up 3.6% following $15M payment from Teva for TRISENOX... TASER (TASR), up 3% after receiving multiple orders of AXON body cameras. DOWN AFTER EARNINGS: Barnes & Noble (BKS), down 7.6%... Express (EXPR), down 11.3%... Toronto-Dominion Bank (TD), down 1.4%... Toro Company (TTC), down 1.1%... Aeropostale (ARO), down 14.1%. ALSO LOWER: Kindred Biosciences (KIN), down 29.3% after announcing that it will discontinue its AtoKin study... UTi Worldwide (UTIW), down 13% after saying that there are no current talks with DSV A/S... Agree Realty (ADC), down 3.7% after 2.1M share Spot Secondary priced at $29.90.
08:19 EDTAVGOAvago price target raised to $120 from $100 at Oppenheimer
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08:09 EDTAVGOAvago price target raised to $115 from $90 at Pacific Crest
Pacific Crest hiked its price target on Avago after the company reported better than expected Q4 results and provided stronger than expected Q1 guidance. The firm notes that the company achieved $200M in cost synergies from LSI ahead of schedule. It keeps an Outperform rating on the shares.
08:03 EDTCSCOCisco and IBM announce availability of integrated solution
Cisco (CSCO) and IBM (IBM) announced the availability of an integrated solution that combines the innovation of Cisco UCS Integrated Infrastructure with the efficiency of the IBM Storwize storage system. The VersaStack solution is designed to deliver high levels of ease, efficiency and versatility for cloud, big data and analytics, and mobility deployments. Over time, the platform will be optimized for IBM business applications, while integrating Cisco innovations such as Cisco® Application Centric Infrastructure and Cisco Intercloud Fabric. According to IDC1, total worldwide spending on integrated systems is growing at 32.8% annually and will reach approximately $14.37B in 2017.
07:54 EDTAVGOAvago price target raised to $122 from $97 at Canaccord
Canaccord raised its price target on Avago (AVGO) to $122 from $97 following strong Q4 results, which were driven by strength in its wireless division. The firm cited Avago's Apple (AAPL) relationship, industry leading proprietary FBAR filter portfolio, and growing sales to the China LTE smartphone OEM base. Canaccord reiterated its Buy rating on Avago shares.
07:53 EDTAVGOAvago price target raised to $120 from $105 at Brean Capital
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07:28 EDTAVGOAvago price target raised to $115 from $87 at UBS
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07:28 EDTAVGOAvago sees Q1 non-GAAP revenue flat to up 4%
Consensus $1.51B. Sees Q1 non-GAAP gross margin 57.5% +/- 1%. Capital expenditures for FY15 are expected to be approximately $600M, of which approximately $200M is expected to occur in the first quarter. Revenue, margin and capex guidance issued last night in conjunction with Q4 report.
07:17 EDTCSCOFBR Capital to hold a bus tour
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07:14 EDTAVGOAvago price target raised to $110 from $105 at Citigroup
Citigroup raised its price target for Avago shares to $110 saying the company is "firing on all cylinders" following its October quarter earnings report. Citi keeps a Buy rating on the stock.
06:30 EDTAVGOAvago price target raised to $115 from $100 at Deutsche Bank
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