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Stock Market & Financial Investment News

News Breaks
June 2, 2014
10:17 EDTJDSU, ALU, FNSR, JNPR, ADTN, CIENAnalyst sees increased risk for AT&T vendors Ciena, Juniper
AT&T (T) appears to have significantly reduced its spending on its wireline business, creating risk for a number of equipment vendors, research firm Jefferies stated. WHAT'S NEW: AT&T looks to have cut its spending on its wireline business significantly beginning last month, Jefferies analyst George Notter wrote in a note to investors earlier today. As a result, companies that have the most exposure to AT&T's wireline business now face increased risk, the analyst warned. Companies in this category are Ciena (CIEN), Juniper (JNPR), ADTRAN (ADTN), Finisar (FNSR), JDS Uniphase (JDSU), and Alcatel-Lucent (ALU), Notter stated. He kept Hold ratings on Ciena, Juniper, and JDS Uniphase, kept Underperform ratings on ADTRAN and Alcatel-Lucent, and maintained a Buy rating on Finisar. WHAT'S NOTABLE: JDS Uniphase and ADTRAN both recently announced new share repurchasing plans. Ciena is expected to announce its second quarter results on June 5. PRICE ACTION: In early trading, Ciena fell 2.4% to $18.93, Juniper lost 0.5% to $24.35, JDS Uniphade slid 2% to $10.75, ADTRAN declined 2% to $22, Alcatel-Lucent slid 2.7% to $3.90, and Finisar was fractionally higher at $23.81.
News For CIEN;JNPR;ALU;ADTN;FNSR;JDSU From The Last 14 Days
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May 26, 2015
10:13 EDTADTNHigh option volume stocks
High option volume stocks: GFI EAT DSKY CHTR BID ADTN BLMN EXPR YCS NUVA
07:34 EDTCIENCiena price target raised to $28 from $21 at RBC Capital
RBC Capital increased its revenue estimates for Ciena above consensus, as the firm expects the company to benefit from strong optical growth ,share gains, and TAM expansion. The firm thinks the stock's multiple may rise, while the shares could reach $40 if the company exercises "better margin discipline." However, RBC keeps a Sector Perform rating on the shares.
May 22, 2015
15:01 EDTALUWi-LAN says Ericsson granted motion for summary judgment on three patents
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May 21, 2015
09:15 EDTALUGerman automakers partnering with PE firm on bid for Nokia unit, Reuters says
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May 20, 2015
10:00 EDTJDSUOn The Fly: Analyst Initiation Summary
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07:46 EDTJDSUJDSU initiated with an Equal Weight at Morgan Stanley
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May 19, 2015
09:05 EDTALUNuage Networks and Arista Networks collaborate for open networking
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05:34 EDTALUAlcatel-Lucent, KT sign collaboration agreement
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May 13, 2015
13:43 EDTALUAlcatel-Lucent, Flextronics sign LOI for sale of Trieste optical transport plant
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08:36 EDTJDSUJDSU signs definitive agreement with Amada Holdings
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May 12, 2015
10:01 EDTJNPROn The Fly: Analyst Upgrade Summary
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07:24 EDTJNPRJuniper upgraded to Buy on new product cycles at BofA/Merrill
As previously reported, BofA/Merrill upgraded Juniper to Buy from Neutral. The firm expects Juniper's new products and sequential growth in North American carrier spending to drive growth in core business lines. BofA/Merrill said Juniper's new products address recent weaknesses in security, switching, and routing and expects growth and operating margins to begin to stabilize. Price target raised to $34 from $27.
06:19 EDTJNPRJuniper upgraded to Buy from Neutral at BofA/Merrill

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