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Stock Market & Financial Investment News

News Breaks
November 7, 2012
12:21 EDTT, OCLR, JDSU, JNPR, ADTN, CIEN, FNSR, CSCOTelecom equipment providers climb after AT&T announces spending plan
A number of telecom equipment providers are climbing after AT&T (T) announced that it would spend about $22B annually over the next three years on capital projects. The company will increase its capital expenditures by about 15% in 2013 compared with 2012. Over the next three years, AT&T intends to spend $14B to expand its wireless and wireline broadband networks, the company added. In a note to investors earlier today, Citigroup analyst Kevin Dennean wrote that the telecom giant will spend about 18% more on capital expenditures over the next three years than research firms' average forecast. Dennean identifies Ciena (CIEN), Juniper (JNPR), Cisco (CSCO) and Adtran (ADTN) as key beneficiaries of AT&T's larger than expected spending increases. Also benefiting will be JDS Uniphase (JDSU), Finisar (FNSR) and Oclaro (OCLR), the analyst wrote. Moreover, Dennean predicts that other telecom carriers may follow AT&T's lead and exploit low costs of capital by significantly enhancing their networks. The analyst maintains Outperform ratings on Ciena, Cisco, Adtran, JDS Uniphase, Finisar, and Oclaro. He maintains a Neutral rating on Juniper. In early afternoon trading, Ciena climbed 8.50% to $14.30, Juniper added 1.08% to $17.73, Adtran rose 3.08% to $18.06 and JDS Uniphase advanced 5.97% to $11.27. However, Cisco dropped 1.60% to $17.20, Finisar lost 0.49% to $12.13 and Oclaro fell 1.86% to $1.58.
News For CIEN;JNPR;CSCO;ADTN;JDSU;FNSR;OCLR;T From The Last 14 Days
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July 17, 2015
13:29 EDTCIENWireless infrastructure shares up after Ericsson,TESSCO report
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07:05 EDTCSCOCisco management to meet with Deutsche Bank
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July 16, 2015
19:27 EDTTFCC reforms bidding rules for spectrum auctions, prohibits joint bidding
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10:04 EDTTU.S. Cellular offers 'guarantee' to beat Verizon and AT&T plans
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09:08 EDTCSCOGE unveils high-speed network infrastructure for industrial internet connection
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07:15 EDTCSCOCisco management to meet with Deutsche Bank
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07:08 EDTFNSRBarrington to hold a bus tour
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July 15, 2015
16:28 EDTADTNOn The Fly: Top stock stories for Wednesday
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16:17 EDTJDSUJDSU sets record, distribution date for separation into Lumentum, Viavi
JDSU (JDSU) announced several key dates in connection with the separation of its Communications and Commercial Optical Products business segment as a separate public company to be named Lumentum Holdings, and the special dividend distribution of approximately 80.1% of Lumentum's common stock to JDSU shareholders, subject to the conditions set forth in Lumentum's Registration Statement on Form 10 as filed with the Securities and Exchange Commission on February 26, 2015, as amended. Separation to be completed August 1, 2015 and Lumentum shares to be distributed to shareholders the first trading day thereafter, August 3, 2015. Lumentum (LITE) and Viavi (VIAV) to begin "regular way" trading on NASDAQ on August 4, 2015, the ex-dividend date. JDSU shareholders will receive one share of Lumentum common stock for every five shares of JDSU common stock held on July 27, 2015, the record date for the distribution, and not sold prior to the ex-dividend date; approximately 80.1% of Lumentum's outstanding shares will be distributed. JDSU to be renamed Viavi Solutions. For every five shares of JDSU common stock held, JDSU shareholders will receive one share of Lumentum common stock. Shareholders will receive cash in lieu of fractional shares. The special dividend distribution is expected to be effective at 12:01 am on Saturday, August 1, 2015. The distribution will be paid on the first trading day thereafter, Monday, August 3, 2015, to JDSU shareholders of record as of the close of business on July 27, 2015 who continue to hold shares until the ex-dividend date. The distribution of Lumentum common stock will complete the formal separation of CCOP from JDSU. After the distribution, Lumentum will be an independent, publicly-traded company. JDSU will be renamed Viavi Solutions Inc. and, at the time of the distribution, will retain ownership of approximately 19.9% of Lumentum's outstanding shares. Based on approximately 235.3M shares of JDSU common stock outstanding as of June 27, 2015, a total of approximately 47.1M shares of Lumentum common stock will be distributed to shareholders and approximately 11.7M shares will be retained by Viavi. Viavi is committed to liquidating these shares within three years from the closing.
10:55 EDTADTNADTRAN down 5.5% to $16.35 as conference call continues
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10:55 EDTADTNADTRAN breaks support
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10:47 EDTADTNADTRAN sees Q3 gross margins in mid-40s
10:45 EDTADTNADTRAN sees Q3 revenue 'essentially flat' sequentially
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10:29 EDTADTNADTRAN heads back to session lows
Shares sold off after the open, bounced, but have sold off again and are now heading for a test of the session low at $16.43. Resistance is at $17.08.
10:08 EDTADTNHigh option volume stocks
High option volume stocks: ALIM RCPT SFXE ARNA ADTN ZGNX HALO STNG
08:03 EDTJNPRJuniper names Bob Worrall as SVP, Chief Information Officer
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07:24 EDTCSCOCisco management to meet with Deutsche Bank
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06:52 EDTTFCC ruling on AT&T-DirecTV deal could come as soon as today, CTFN says
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05:12 EDTADTNADTRAN announces additional 5M share repurchase plan
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05:11 EDTADTNADTRAN reports Q2 EPS 10c, consensus 7c
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