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Stock Market & Financial Investment News

News Breaks
November 7, 2012
12:21 EDTOCLR, T, ADTN, CIEN, FNSR, CSCO, JDSU, JNPRTelecom 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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February 3, 2016
14:09 EDTTBain, TPG among PE firms weighing bid for Yahoo core, FT reports
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13:37 EDTTComcast to be possible bidder for wireless airwaves, Bloomberg says
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12:12 EDTOCLR, CIEN, FNSROclaro spikes after quarterly results, optical peers follow
Shares of optical networking firm Oclaro (OCLR) are advancing, along with its peers, after Oclaro reported better than expected quarterly results. WHAT'S NEW: After the close on Tuesday, Oclaro reported second quarter adjusted earnings per share of 3c on revenue of $94.1M. Both EPS and revenue were better than consensus estimates of (1c) and $91.5M, respectively. The company's adjusted gross margin rate for the quarter was 28.8%, much better than the 16.5% in the year ago quarter. Oclaro CEO Greg Dougherty pointed out the continuing growth in the company's 100G portfolio and said he expects revenue growth to continue in 2016. According to the CEO, revenue growth in the quarter "drove higher gross margin and net income." The company sees continued "robust" demand for its 100G product portfolio as it expands capacity in Asia. WHAT'S NOTABLE: Along with its Q2 results, Oclaro said it sees Q3 revenue of $97M-$103M, ahead of analyst expectations of $90.7M. On its Q2 earnings call, the company said it sees strong demand from China, with contract awards form China Telecom (CHA) and China Unicom (CHU ), which have deliveries slated for later in calendar year 2016. PRICE ACTION: Shares of Oclaro are up 10% in early afternoon trading. OPTICAL PEERS: Shares of other companies in the optical networking space are also out performing the market, including Finisar (FNSR), Infinera (INFN), Lumentum Holdings (LITE), NeoPhotonics (NPTN), and Ciena (CIEN).
11:03 EDTCIENOptions with increasing implied volatility: LC RAD CIEN ADSK BWLD
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09:19 EDTOCLROn The Fly: Pre-market Movers
UP AFTER EARNINGS: Boot Barn (BOOT), up 20.7%... Oclaro (OCLR), up 8.2%... Edwards Lifesciences (EW), up 5.8%... Natural Health (NHTC), up 5.7%... Viavi Solutions (VIAV), up 2.8%. ALSO HIGHER: Conatus (CNAT), up 18.8% after the FDA has granted Fast Track designation to the company's emricasan development program for the treatment of liver cirrhosis... Marvell Technology (MRVL), up 3.3% after Starboard Value disclosed a 6.7% activist stake in the company... Syngenta (SYT), up 2.9% after ChemChina offers to acquire the company in a transaction valued over $43B. DOWN AFTER EARNINGS: Navios Maritime Partners (NMM), down 33.5%... National-Oilwell Varco (NOV), down 7.9%... Chipotle (CMG), down 5.7%... Yahoo (YHOO), down 1.9%... Mondelez (MDLZ), down 4.4%... Illumina (ILMN), down 4.6%... Alexion Pharmaceuticals (ALXN), down 3.5%... Merck (MRK), down fractionally.
07:37 EDTCSCOArista Networks infringement 'largely priced into shares,' says Wells Fargo
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07:17 EDTCSCOArista Networks should be bought o nany weakness, says Oppenheimer
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06:04 EDTCSCOCisco says ITC ruling 'beginning of the end' for Arista's copying
Cisco's (CSCO) Mark Chandler in a blog post last night commented on the International Trade Commission's ruling in the first of their investigations into Arista Networks (ANET). The judge found violations of three Cisco patents, foreshadowed an exclusion order banning imports of all Arista switches and installed a challenging ITC review process for any new designs, Chandler wrote. "The details of the Judge's determination will be published within 30 days, but this notice marks the beginning of the end for Arista's systemic copying of our intellectual property," he added. He listed four options for Arista: Withdraw the products, modify the products so that they no longer infringe, face an exclusion order or evade the ITC exclusion order. Chandler continued, "And this is just the beginning. In April we will see a ruling in the second ITC investigation, which may confirm more violations and import bans. Arista will also face two District Court juries with these rulings on their record. The judges and juries in those trials will note this day as the day that Arista no longer can pretend that its products aren't tainted by misconduct. This will be important as they consider injunctions to remove infringing Arista product from the market." Shares of Arista closed yesterday down $1.56 to $57.70. Cisco closed down 65c to $22.83. Reference Link
February 2, 2016
19:22 EDTOCLROn The Fly: After Hours Movers
UP AFTER EARNINGS: Boot Barn (BOOT), up 16.5%... Wabash National (WNC), up 9.7%... Oclaro (OCLR), up 6.8%... Myriad Genetics (MYGN), up 8%... Ultimate Software Group (ULTI), up 6.2%... Natural Health (NHTC), up 6.2%... Edwards Lifesciences (EW), up 6.2%... Viavi Solutions (VIAV), up 2.4%... Gilead Sciences (GILD), up just under 1%. DOWN AFTER EARNINGS: Match Group (MTCH), down 7.3%... Yahoo (YHOO), down 1.2%... Chipotle (CMG), down 7.1%. ALSO LOWER: Barnes & Noble (BKS), down 2.4% after General Growth (GGP) CEO Sandeep Mathrani announced that Amazon (AMZN) is going to open 300-400 brick-and-mortar bookstores.
16:25 EDTCSCOArista responds to initial ruling in Cisco dispute, plans new software in Q2
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16:17 EDTOCLROclaro sees Q3 adjusted operating income $2M-$6M, consensus (2c)
Sees Q3 revenue $97M-$103M, consensus $90.07M. Sees Q3 Non-GAAP gross margin in the range of 26% to 28%.
16:16 EDTOCLROclaro reports Q2 adjusted gross margin 28.8% vs. 26.4% in Q1
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16:13 EDTOCLROclaro reports Q2 EPS 0c, consensus (1c)
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15:50 EDTCSCOCisco looks to stop imports of Arista Networks routers, Bloomberg says
Arista (ANET), according to a U.S. trade judge, violates three Cisco (CSCO) patents, adds Bloomberg.
10:39 EDTCIENOptions with increasing implied volatility: LC RAD CIEN
10:26 EDTCSCOFireEye calls active
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10:18 EDTCSCOCisco could be interested in FireEye, dealReporter says citing sources
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08:04 EDTTForum Global to hold a conference
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06:20 EDTTYahoo investors waiting on explicit sale signals, Re/code says
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February 1, 2016
05:13 EDTTAT&T implied volatility of 16 at lower end of index mean range
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