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Stock Market & Financial Investment News

News Breaks
May 9, 2014
08:25 EDTFNSR, CSCO, AVGO, ALUCisco, Avago reports should be watched for clues on Finisar, says Janney Capital
Janney Capital notes that Finisar (FNSR) shares are down about 20% over the last two weeks amid earnings reports from a number of optical suppliers that have shown telecom to be weaker, but the firm says demand for datacom, which makes up more of Finisar's revenue mix, is still strong. The firm recommends watching the reports from peer Avago (AVGO) and customers Alcatel (ALU) and Cisco (CSCO) for more data ahead of Finisar's report in early June. Janney maintains its Buy rating on Finisar.
News For FNSR;CSCO;AVGO;ALU From The Last 14 Days
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September 5, 2014
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.
06:15 EDTAVGOAvago price target raised to $100 from $90 at Citigroup
Citigroup raised its price target for Avago (AVGO) shares to $100 citing increased confidence in the company's wireless content gains after meeting with management. Citi believes Avago will likely double its dollar content in Apple's (AAPL) iPhone 6 when compared to the iPhone 5S. The firm reiterates a Buy rating on Avago, calling the stock its top specialty semi pick. The stock closed yesterday up 70c to $86.09.
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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15:26 EDTCSCOCisco UCS update further strengthens portfolio, says Cantor
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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.
15:20 EDTCSCOCisco expands Unified Computing System portfolio
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10:32 EDTCSCOCisco, Red Hat expand relationship, launch solution for OpenStack
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09:01 EDTAVGOAvago announces 32c interim dividend
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September 3, 2014
10:41 EDTAVGOAvago volatility at low as shares at historic high
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08:26 EDTFNSRFinisar weakness a buying opportunity, says Needham
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07:43 EDTCSCODCP selcets Zix email encryption to replace Cisco
Zix Corporation (ZIXI) announces that DCP has switched its email encryption solution from Cisco’s (CSCO) IronPort Encryption Appliance to Zix Email Encryption in a new three-year contract. DCP is a holding company for Bank of Washington, Citizens National Bank and United Bank of Union, and all bank employees will now use ZixCorp to protect financial information in email.
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