New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 7, 2012
12:21 EDTOCLR, T, 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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
January 21, 2015
10:45 EDTADTNADTRAN sees Q1 revenue slightly up on sequential basis
Sees gross margins flat to slightly lower in Q1. Sees GAAP operating expenses slightly up on sequential basis. Says sees "several" bright spots in 2015. Says sees continued growth in Tier 3 space. Sees new product wins, continued growth in Latin America and EMEA. Comments made on the Q4 earnings conference call. ADTRAN is down 1.52% to $22.70 in mid morning trading.
10:29 EDTTAcacia Research down almost 13% after patent ruling
Earlier today, Acacia Research (ACTG) announced its CEO and President Matt Vella will discuss the January 20th, 2015 ruling received by Adaptix, , a subsidiary of Acacia Research, relating to patent cases pending in the District Court for the Northern District of California. The Court’s ruling granted a motion finding no infringement of certain method claims asserted by Adaptix against Apple(AAPL), Verizon (VZ), AT&T (T), and HTC. Shares of Acacia Research are lower by almost 13% to $13.90 in morning trading.
08:31 EDTTAT&T CEO says net neutrality may end up in Supreme Court, CNBC says
AT&T (T) Chairman and CEO Randall Stephenson believes the net neutrality debate may have to be settled by the Supreme Court, reports CNBC, citing a CNBC interview on Wednesday from the World Economic Forum in Davos. Stephenson stated, "We need a neutral Internet... I think everyone agrees with that. Where everyone is getting stuck now is going beyond that." Stephenson also stated the neutrality debate will not affect his company's decision to bid $49B for DirecTV (DTV), though he believes a quick decision from the FCC could quicken Comcast's (CMCSA, CMCSK) $45B negotiations for Time Warner Cable (TWC). Reference Link
05:02 EDTADTNADTRAN reports Q4 EPS 19c, consensus 10c
Subscribe for More Information
January 20, 2015
15:21 EDTADTNNotable companies reporting before tomorrow's open
Subscribe for More Information
06:24 EDTTT-Mobile warns of unsustainable costs against cellphone giants, Re/code says
T-Mobile (TMUS) owner Deutsche Telekom (DTEGY) claims Verizon (VZ) and AT&T's (T) wealth makes true competition difficult, reports Re/code, citing statements made at Germany's DLD conference. Deutsche Telekom CEO Tim Hoettges stated the dominance of AT&T and Verizon allowed them to make huge bids at the latest midband spectrum auction to further their market lead. Hoettges also stated he was "intrigued" by last year's unsuccessful merger talks with Sprint (S), and warned that T-Mobile's $4B-$5B investment requirements per year are unsustainable. Reference Link
January 19, 2015
11:17 EDTCIENTrans Pacific Express selects Ciena for submarine cable upgrade
Subscribe for More Information
11:16 EDTCIENCiena to further upgrade Japan-U.S. cable network
The Japan-U.S. Cable Network recently selected Ciena to expand its trans-Pacific submarine network that spans close to 22,000 km and provides diverse connectivity from Japan to the U.S. This upgrade will utilize the flexibility and scalability of Ciena’s GeoMesh submarine solution and the latest WaveLogic programmable coherent optical technology to further increase the capacity of the network, which was originally upgraded with Ciena’s coherent solution in 2012.
January 18, 2015
13:45 EDTTGoogle in talks to acquire mobile-pay platform Softcard, WSJ says
Subscribe for More Information
January 16, 2015
18:07 EDTTCongressional GOP unveil net neutrality law to bypass FCC, LA Times reports
Representatives Fred Upton of Michigan and John Thune of South Dakota endorsed a congressional bill that would protect net-neutrality by banning internet service providers from charging companies extra to load their sites, and prohibit broadband companies from blocking legitimate websites, or slowing speeds for customers, superseding the FCC's authority to regulate the internet, according to the LA Times. Major internet companies such as AT&T (T) , Comcast (CMCSA), and Verizon Communications (VZ) have opposed a recent recommendation by FCC Chairman Thomas Wheeler to treat internet service similar to a utility. Reference Link
17:25 EDTTAT&T reports Q4 $10B charge related to pension benefits and network assets
For the quarter ended December 31, AT&T expects to record a noncash, pre-tax loss of approximately $7.9B related to actuarial gains and losses on pension and postemployment benefit plans. At December 31, the company decreased its assumed discount rates used to measure the pension obligation to 4.3% and to 4.2% for the company's postretirement obligation. These reductions resulted in an actuarial loss of approximately $7.9B. Also contributing to the amount were losses due to updated mortality assumptions offset by asset gains in excess of its assumed rate of return as well as demographic changes and other assumptions. Actuarial gains and losses are managed on a total company basis and are, accordingly, reflected only in consolidated results. Therefore, this loss will not affect segment operating results or margins. The company's Q4 operating results will also include a $2.1B noncash charge for the abandonment in place of certain network assets. During Q4, the company performed an analysis of its network assets and determined that specific copper assets will not be necessary to support future network activity, due to declining customer demand for AT&T's legacy voice and data products and the migration of its networks to next generation technology. This decision by management will not be considered in the company's assessment of segment performance and therefore, this charge will be reflected only in consolidated results and will not affect segment operating results or margins.
January 15, 2015
16:03 EDTJDSUJDSU issues statement in response to Sandell Asset Management
JDSU ssued the following statement: "The JDSU Board of Directors remains committed to acting in the best interest of all shareholders and to strong corporate governance. Consistent with the Board's historical approach of regularly reviewing corporate governance best practices, and after discussions with many of the company's shareholders both before and after the December 2014 Annual Meeting, the company undertook an evaluation of potential changes to the advance notice provisions of the company's bylaws. The Board expects to finalize its decision on any such changes in this calendar quarter following additional shareholder outreach. As JDSU continues to execute on its previously announced separation, the Board remains committed to evaluating all opportunities for additional or greater value creation. Goldman Sachs and Centerview Partners are serving as financial advisors and DLA Piper is serving as legal counsel to JDSU."
13:07 EDTCSCO, JNPRNetworking trends seen as boon for Cisco, others
Subscribe for More Information
10:38 EDTADTNADTRAN volatility elevated into Q4 and outlook
Subscribe for More Information
06:27 EDTCSCO, TIntel to partner with more IT players for Internet of Things, DigiTimes reports
Intel (INTC) is preparing to team up with more IT firms such as AT&T (T), Verizon (VZ), Cisco (CSCO), SAP (SAP), and Microsoft (MSFT) in order to expand the Internet of Things industry in 2015, reports DigiTimes. According to sources from the upstream supply chain, Intel has been playing an active role in helping Taiwan build its smart city infrastructure and has also cooperated with Chunghwa Telecom to develop the IoT and cloud computing applications. Reference Link
January 14, 2015
08:22 EDTADTN, TMKM Partners unable to recommend ADTRAN until clarity on AT&T timing
Subscribe for More Information
January 13, 2015
10:00 EDTJNPROn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:05 EDTJDSUSandell reiterates need for JDSU to pursue strategic actions to maximize value
Sandell Asset Management, a shareholder of JDS Uniphase Corporation, has publicly released the following letter to the Board of Directors of JDSU. In such letter, Sandell calls for the immediate amendment of the Company’s Bylaws to remedy changes made in May 2014 that were detrimental to shareholder rights. Additionally, Sandell reiterates the need for JDSU to pursue further strategic actions to maximize shareholder value.
07:46 EDTJNPRJuniper downgraded to Neutral from Buy at SunTrust
Subscribe for More Information
06:52 EDTJNPRJuniper downgraded to Neutral from Buy at SunTrust
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use