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Stock Market & Financial Investment News

News Breaks
June 2, 2014
10:17 EDTCIEN, JNPR, ALU, ADTN, FNSR, JDSUAnalyst 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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October 23, 2014
16:11 EDTJNPRJuniper approves $1.1B increase to share repurchase authorization
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15:30 EDTJNPRNotable companies reporting after market close
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13:57 EDTJNPREarnings Preview: Juniper sees Q3 EPS 34c-36c on revenue of $1.11B-$1.12B
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12:49 EDTJNPRJuniper Seagate weekly volatility increases into Q3 and outlook
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11:29 EDTJNPRJuniper to host investor day
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10:01 EDTALUOn The Fly: Analyst Upgrade Summary
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07:26 EDTALUAlcatel-Lucent upgraded to Hold from Underperform at Jefferies
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October 21, 2014
07:47 EDTJDSUJDSU price target raised to $17 from $14 at UBS
UBS raised its price target on JDSU to $17 from $14 as they envision two paths to value creation. The firm sees either staying the course on separating its assets into two companies or taking part in the industry consolidation by being either an acquirer or seller. UBS reiterates its Buy rating on JDSU shares.
October 20, 2014
05:48 EDTADTNADTRAN appoints Ronan Kelly as CTO for EMEA, APAC regions
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October 15, 2014
10:56 EDTADTNADTRAN says delayed domestic Tier 1 business still seen ramping in 2015
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10:50 EDTADTNADTRAN reverses to be down almost 5% to $17.91 after Q4 guidance
10:48 EDTADTNADTRAN sees Q4 revenue seasonally down
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10:47 EDTADTNADTRAN sees Q4 GAAP gross margin flat to slightly up
10:45 EDTADTNADTRAN sees Q4 revenue down by low to mid-teens percentage sequentially
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10:38 EDTADTNADTRAN sees meaningful growth from service business in 2015
Comments made during the company's Q3 earnings conference call.
05:15 EDTADTNADTRAN CEO says company is well positioned to take advantage of carrier spending
ADTRAN CEO Tom Stanton stated, “Revenue came in as we anticipated in our press release of October 2 with a sequential decrease in our European business and a soft enterprise spending environment. Our domestic carrier business saw a sequential revenue increase. We believe our company is well positioned to take advantage of a re-acceleration of carrier spending in both Europe and the US we expect to begin in 2015.”
05:12 EDTADTNADTRAN reports Q3 EPS 25c, consensus 16c
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October 13, 2014
10:08 EDTJNPROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Bankrate (RATE) downgraded to Equal Weight from Overweight at Stephens... CME Group (CME) downgraded to Market Perform from Outperform at Wells Fargo... Cliffs Natural (CLF) downgraded to Neutral from Overweight at JPMorgan... Dana Holding (DAN) downgraded to Sector Perform from Outperform at RBC Capital... Darden (DRI) downgraded to Neutral from Overweight at Piper Jaffray... Dover (DOV) downgraded to Neutral at RW Baird... DryShips (DRYS) downgraded to Underperform from Outperform at Imperial Capital... Infineon (IFNNY) downgraded to Neutral from Overweight at JPMorgan... J.C. Penney (JCP) downgraded to Sell from Neutral at UBS... Johnson Controls (JCI) downgraded to Outperform from Top Pick at RBC Capital... Juniper (JNPR) downgraded to Hold from Buy at Argus... Kennametal (KMT) downgraded to Market Perform from Outperform at Wells Fargo... Masco (MAS) downgraded to Equal Weight from Overweight at Barclays... New Gold (NGD) downgraded to Neutral from Overweight at JPMorgan... ON Semiconductor (ONNN) downgraded to Sector Perform from Outperform at Pacific Crest... PBF Energy (PBF) downgraded to Underweight from Equal Weight at Barclays... Parker-Hannifin (PH) downgraded to Market Perform from Outperform at Wells Fargo... STMicroelectronics (STM) downgraded to Neutral from Overweight at JPMorgan... Silicon Laboratories (SLAB) downgraded to Sector Perform at Pacific Crest... VOXX International (VOXX) downgraded to Market Perform from Outperform at Cowen.
09:23 EDTJNPRHP could buy lower valuation company, says Bernstein
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07:23 EDTJNPRJuniper downgraded to Hold from Buy at Argus
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