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Stock Market & Financial Investment News

News Breaks
April 4, 2013
18:10 EDTFFIV, CSCO, JNPR, JDSU, CTXS, CIENF5 Networks peers trade down after company lowers Q2 guidance
Peers of F5 Networks (FFIV) in the Telco space are trading lower after-hours, after the company lowered its Q2 EPS and revenue guidance, and said on its conference call that "the largest area of weakness was in the Telco space, where sales were down significantly on both a year-over-year and sequential basis." Shares of Cisco Systems (CSCO), Juniper Networks (JNPR), JDS Uniphase (JDSU), Citrix Systems (CTXS), and Ciena Corporation (CIEN) are all trading lower by more than 2% after the close.
News For FFIV;CSCO;JNPR;JDSU;CTXS;CIEN From The Last 14 Days
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September 2, 2014
13:04 EDTJDSU, CSCOFinisar retreats after analyst cuts on pricing, demand worries
Shares of optical components maker Finisar (FNSR) are falling after research firm Jefferies downgraded the stock to Hold from Buy in a note to investors today, citing pricing and demand concerns. WHAT'S NEW: After conducting checks, Jefferies analyst James Kisner wrote that Finisar is facing "brutal" prices for datacom optics, particularly in China. Prices for telecom components in North America are also challenging for Finisar, he reported. Various low-cost competitors are driving down prices for datacom optics, while AT&T (T) is trying to force optical systems vendors to cut the prices of their components by 40%, Kisner stated. Meanwhile, demand for mobile backhaul optics slowed significantly in China over the last month, and two of Finisar's customers - Cisco (CSCO) and Huawei - are exploring alternatives to Finisar's products, Kisner indicated. Additionally, Intel (INTC) and numerous start-ups may launch products that will compete with those of Finisar, potentially cutting into its market share beginning in the second half of 2015, the analyst warned. He cut his price target on the shares to $19 from $25. PRICE ACTION: In early afternoon trading, Finisar slumped 5.5% to $19. Other optical components makers also dropped, with Oclaro (OCLR) falling 1% to $1.75 and JDS Uniphase (JDSU) losing 2% to $11.30.
07:35 EDTCIENCiena recent pullback leads to better set-up for shares, says UBS
UBS believes the recent pullback in Ciena has led to a better set-up for the shares as expectations have been reduced. The firm sees limited downside risk, although some caution is warranted given concerns over softer Tier-1 capital expenditures. UBS keeps its Buy rating and $27 price target on Ciena.
07:14 EDTCIENCiena September volatility elevated into Q3 and guidance
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September 1, 2014
14:07 EDTCSCOCowen and Cisco to hold a conference call
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14:00 EDTCSCOCisco to hold a conference call
Vice President and General Manager-Computing Systems Perez discusses Cisco's new UCS innovations and portfolio expansion on a conference call to be held on September 4 at 12 pm. Webcast Link
11:13 EDTCSCOStephens to hold an investor trip
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August 31, 2014
14:05 EDTCTXSDrexel Hamilton to hold a conference
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13:27 EDTJNPR, CSCOAT&T to hold a conference
16th Annual AT&T Cyber Security Conference will be held in New York on September 3-4 with webcast availability on September 4 at 9 am; Webcast Link
13:20 EDTJNPRCitigroup to hold a conference
Global Technology Conference to be held in New York on September 2-4.
August 29, 2014
06:15 EDTCSCOCisco implied volatility of 13 at lower end of index mean range
August 27, 2014
12:13 EDTCSCOAruba Networks climbs after earnings beat prompts upgrades
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08:48 EDTCSCOAruba Networks upgraded to Overweight at Stephens
As previously reported, Stephens upgraded Aruba Networks (ARUN) to Overweight from Equal Weight and raised its price target on the stock to $25 from $22, citing the company's strong Q4 results and the firm's belief that Cisco (CSCO) has become increasingly less competitive over the last several quarters.
08:20 EDTCIENCiena September volatility elevated into Q3 and guidance
Ciena September call option implied volatility is at 50, October is at 42, January is at 39; compared to its 26-week average of 43 according to Track Data, suggesting large near term price movement into its release of Q3 results on September 4.
07:43 EDTFFIVJefferies to hold a summit
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August 24, 2014
21:56 EDTJDSUB. Riley to hold a tour
Silicon Valley Tech Tour travels throughout Silicon Valley on August 25-27.
August 20, 2014
10:04 EDTFFIVOn The Fly: Analyst Upgrade Summary
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08:32 EDTFFIVF5 Networks upgraded at ISI Group
As noted earlier, ISI Group upgraded F5 Networks to Strong Buy from Buy. The firm thinks the company's positioning vis-a-vis NFN/SDN has improved, while its momentum from a number of growth drivers, including security, has increased. The firm is now more confident that the company's EPS could approach $7 in 2015. Target $135.
06:26 EDTCSCOCisco COO says annual layoffs 'wrong way to do it,' Business Insider reports
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