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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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April 22, 2015
05:10 EDTADTNADTRAN reports Q1 EPS 10c, consensus 8c
Reports Q1 revenue $142.84M, consensus $145.96M.
April 21, 2015
13:40 EDTTEarnings Watch: AT&T sees Q1 charge of approximately $130M
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12:54 EDTJNPRJuniper April weekly volatility elevated into Q1 and outlook
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10:20 EDTJNPR, CSCO, CIENWells thinks carrier equipment vendors factored in weak capex
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08:34 EDTJDSUJDSU signs exclusive distribution agreement with Laser 2000
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08:23 EDTCSCOCisco results likely to beat expectations, says Bernstein
Bernstein expects Cisco to report stronger than expected results, due to strength in enterprise and commercial and continued momentum in switching, Bernstein believes that risks caused by service provider revenue was eliminated by the company's Q1 guidance, while currency fluctuations should not impact its near-term results. The firm keeps a $34 price target and Outperform rating on the shares.
07:57 EDTTAT&T April weekly volatility elevated into Q1 and outlook
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07:36 EDTTU.S. mobile cariers could be pressured from new data plans, WSJ says
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April 16, 2015
11:22 EDTJNPRJuniper April weekly volatility elevated into Q1 and outlook
Juniper April weekly call option implied volatility is at 49, May is at 35, July is at 25, October is at 24; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into the expected release of Q1 of April 23.
10:51 EDTCSCOOptions with increasing implied volatility
Options with increasing implied volatility: PNK ARRY FOSL NSAM WUBA ARCP CSCO
09:34 EDTJDSUSandell issues open letter to JDSU shareholders regarding CCOP
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April 15, 2015
18:32 EDTCSCOIdentiv, Cisco enter agreement to provide solutions for Internet of Everything
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07:46 EDTCSCO, CIEN, JNPREricsson, Juniper in focus for deals after Nokia-Alcatel tie-up, Bloomberg says
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06:46 EDTTAT&T files lawsuit to challenge net neutrality order, WSJ says
AT&T filed a lawsuit to overturn the FCC's net neutrality order to reclassify the internet as a telecommunications service, reports the Wall Street Journal. The move is surprising, as AT&T didn't join in prior suits, the Journal adds. Reference Link
April 14, 2015
12:40 EDTTPCTEL lowers FY15 revenue to $124M-$130M from $133M-$138M, two estimates $130M
Following its March 5 acquisition of Nexgen Wireless, PCTEL (PCTI) reported in a regulatory filing earlier that on April 7, Samsung Electronics America, a Samsung (SSNLF) subsidiary, provided Nexgen and PCTEL with a notice of Samsung’s election to terminate, effective April 30, the contractor services agreement between Samsung and Nexgen. Nexgen furnishes services to Samsung under the CSA including Meridian software-based services and contract personnel. The termination applies to the CSA only and will have no effect on other agreements between Samsung and Nexgen or PCTEL. The company continues to forecast 15%-18% revenue growth over FY14 and views the Nexgen acquisition as accretive to earnings in FY15. The company has revised its overall revenue forecast for FY15 in light of reduced business with Samsung, the reduction in capital spending by AT&T (T), and a decline in new network infrastructure investment in the oil and gas market. The company has revised revenue guidance from $133M-$138M to $124M-$130M. Finally, the company and Nexgen have signed a term sheet calling for a material reduction of the total consideration paid or payable by PCTEL for the Nexgen assets, and a material reduction of the equity compensation for which John Thakkar, the founder and president of Nexgen, will be eligible. These reductions seek to align the asset acquisition costs with the revised revenue and EBITDA estimates.
11:55 EDTCSCO, CIEN, JDSUCommunication equipment stocks active after potential Nokia-Alcatel deal
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10:50 EDTCSCOOptions with increasing implied volatility
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05:56 EDTCSCOStocks with implied volatility movement; CSCO MAC
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April 13, 2015
20:16 EDTTUSTelecom files net neutrality lawsuit against FCC
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07:31 EDTCSCOHealthcare Information & Management Systems Society to hold a conference
HIMSS 2015 is being held in Chicago on April 12-16.
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