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Stock Market & Financial Investment News

News Breaks
April 5, 2013
10:24 EDTFFIV, JDSU, RVBD, JNPR, FNSRF5 plummets nearly 20% after results miss expectations
F5 Networks (FFIV), which develops networking technology, is tumbling after the company last night announced preliminary second quarter results that were significantly below analysts' expectations. WHAT’S NEW: F5 said that its second quarter earnings per share would be $1.06-$1.07, versus analysts' consensus estimate of $1.23. The technology company's preliminary revenue was also meaningfully below analysts' outlook. Telecom sales and sales to the federal government fell sharply during the quarter, F5 explained. ANALYST REACTION: In a note to clients today, Piper Jaffray analyst Troy Jensen responded to the company's announcement by downgrading the stock to Neutral from Overweight. This is the fourth consecutive quarter that sales of F5's products have dropped, and the company is losing market share, Jensen wrote. Moreover, the analyst stated that he is concerned about the outlook of F5's core Application Delivery Controller market. Jensen slashed his target on the shares to $82 from $107. On the other hand, Wells Fargo was more upbeat about the company's outlook, as it believes that the results probably reflect uneven spending by telecom carriers. F5 has a number of attractive upcoming opportunities, and today's sell-off is probably a good opportunity to buy shares, wrote the firm, which lowered its target on the shares to $97-$103 from $110-$120 but maintained an Outperform rating. OTHERS TO WATCH: Several other network infrastructure companies, such as Juniper (JNPR) and Riverbed (RVBD), are trading significantly lower in the wake of F5's announcement. Also declining are companies such as JDS Uniphase (JDSU) and Finisar (FNSR) that sell optical products to telecom companies, and Radware (RDWR), which develops networking solutions and also reported preliminary results that missed expectations. In a note to clients today, Needham analyst Alex Henderson wrote that F5's lower than expected results were caused by timing issues specific to that company, and do not reflect on the outlook of companies that make similar products. TODAY'S PRICE ACTION: In early trading, F5 sank nearly 20% to $72.70, and Radware also tumbled nearly 20% to $30.20, while Juniper slid 6% to $17 and JDS Uniphase gave back 3% to $12.70.
News For FFIV;JDSU;RVBD;JNPR;FNSR From The Last 14 Days
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September 10, 2014
07:53 EDTJNPRDeutsche Bank to hold a conference
Technology Conference to be held in Las Vegas on September 9-11 with webcasted company presentations to begin on September 10 at 10:30; not all company presentations may be webcasted. Webcast Link
September 9, 2014
12:02 EDTFNSROptions with decreasing implied volatility
Options with decreasing implied volatility: KERX CIEN FNSR PAY BKS PVH NAV BYI FTR JOY
September 8, 2014
10:42 EDTFNSROptions with decreasing implied volatility
Options with decreasing implied volatility: KERX CONN CIEN INSM FNSR PAY PVH SWY
September 5, 2014
21:28 EDTFNSRFinisar management to meet with Piper Jaffray
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16:45 EDTFNSRMarket ends week little changed after mixed economic data
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10:50 EDTFNSROptions with decreasing implied volatility
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10:05 EDTFNSROn The Fly: Analyst Downgrade Summary
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09:16 EDTFNSROn The Fly: Pre-market Movers
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08:48 EDTFNSRFinisar gross margins likely to rebound in FY16, says MKM Partners
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08:10 EDTFNSRFinisar price target lowered to $16.50 from $19 at Jefferies
Jefferies lowered its price target for Finisar shares to $16.50, calling the company's Q2 sales and margin guidance "ugly." The firm says it remains concerned about pricing/technology risk and keeps a Hold rating on the stock.
07:16 EDTFNSRFinisar downgraded at Stifel
As noted earlier, Stifel downgraded Finisar to Hold from Buy. The firm believes that the company's guidance indicates that its challenges are intensifying.
07:09 EDTFNSRFinisar downgraded to Hold from Buy at Stifel
06:54 EDTFNSRFinisar bottom may be forming, says RBC Capital
After Finisar reported in-line Q1 revenue and slightly higher than expected EPS but provided lower than expected Q2 revenue guidance, RBC Capital thinks the stock may be forming a bottom as it approaches 2x tangible book value. The firm trimmed its price target on the stock to $19 from $21 but keeps an Outperform rating on the shares.
06:40 EDTFNSRFinisar downgraded to Buy from Strong Buy at Needham
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06:39 EDTFNSRFinisar price target lowered to $25.50 from $30 at B. Riley
B. Riley lowered Finisar's price target to $25.50 citing the weak Q2 outlook. Shares remain Buy rated.
05:36 EDTFNSRFinisar sell-off brings attractive entry point, says Piper Jaffray
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September 4, 2014
18:28 EDTFNSROn The Fly: After Hours Movers
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16:04 EDTFNSRFinisar sees Q2 EPS 23c-27c, consensus 35c
Sees Q2 revenue $305M-$320M, consensus $337.5M.
16:02 EDTFNSRFinisar reports Q1 EPS 32c , consensus 32c
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15:23 EDTFNSRNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Cooper Companies (COO), consensus $1.90; Esterline Technologies (ESL), consensus $1.40; Verint Systems (VRNT), consensus 60c; Finisar (FNSR), consensus 32c; Zumiez (ZUMZ), consensus 23c; SeaChange (SEAC), consensus (18c); Ambarella (AMBA), consensus 28c; Infoblox (BLOX), consensus 1c.
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