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Stock Market & Financial Investment News

News Breaks
June 2, 2014
10:17 EDTADTN, CIEN, JDSU, ALU, FNSR, JNPRAnalyst 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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March 27, 2015
10:03 EDTJNPROn The Fly: Analyst Initiation Summary
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March 26, 2015
16:34 EDTJNPRJuniper initiated with a Neutral at Guggenheim
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07:25 EDTALUThe Economist to hold a forum
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March 24, 2015
09:05 EDTCIENVerizon moves to 100G network in the U.S.
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08:56 EDTJDSU, FNSRRBC Capital to hold company meetings at OFC 2015
Company Meetings being held at the Optical Fiber Communication Conference: OFC 2015 in Los Angeles on March 24.
07:32 EDTCIEN, FNSR, JDSUUBS to hold a field trip
Field Trip: Company Meetings at Optical Fiber Communications Conference, OFC 2015, will be held in Los Angeles on March 24-25.
March 23, 2015
11:07 EDTCIENCiena March weekly calls active on renewed takeover chatter
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10:56 EDTCIENRumor: Ciena moves up on renewed takeover chatter
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March 20, 2015
07:24 EDTJNPRBroadcom chip renews competition with in-house hardware makers, WSJ says
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