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Stock Market & Financial Investment News

News Breaks
February 24, 2014
12:09 EDTCSCO, FNSRFinisar drops after Piper urges 'caution' into earnings
Shares of Finisar (FNSR) are moving lower after Piper Jaffray in a note to investors earlier today said it is "increasingly cautious" heading into the company's March 6 earnings report. Piper believes Finisar is not likely to top earnings expectations given the declines its largest customer Cisco (CSCO) has seen in switching and routing. The firm lowered its price target for Finisar shares to $30 from $34 but kept an Overweight rating on the stock. Shares of Finisar are down 5%, or $1.19, to $23.35 in mid-day trading.
News For FNSR;CSCO From The Last 14 Days
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December 18, 2014
09:06 EDTCSCOCisco price target raised to $32 from $29 at RW Baird
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December 17, 2014
10:35 EDTCSCOBlackBerry expands enterprise application portfolio
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December 11, 2014
15:31 EDTCSCOCisco CEO: CIA report won't hurt company, trusted worldwide
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10:24 EDTFNSROptions with decreasing implied volatility
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December 10, 2014
10:20 EDTFNSROptions with decreasing implied volatility
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10:10 EDTCSCOCisco intends to acquire security advisory company Neohapsis
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07:36 EDTCSCOCisco to hold a conference
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December 9, 2014
14:57 EDTFNSRTelecom equipment stocks rally after Verizon CFO comments on wireless CapEx
Telecom equipment stocks, which opened lower, rallied after Verizon (VZ) CFO Fran Shammo said he sees wireless CapEx continuing to trend upward. Shammo, speaking at the UBS 42nd Annual Global Media And Communications Conference, said, "The day we start to cut wireless CapEx is the day we start to wonder where the future of this industry is going." Ciena (CIEN), JDSU (JDSU), and Finisar (FNSR) all reversed earlier losses. PRICE ACTION: In afternoon trading, Ciena is up 1.5%, JDS Uniphase is up 3.8%, and Finisar is up 4.5%. Verizon, which was downgraded this morning to Neutral from Buy by RW Baird, is trading down almost 5%.
10:23 EDTCSCOOn The Fly: Analyst Initiation Summary
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08:19 EDTCSCOCisco outlook has improved, says RBC Capital
RBC Capital believes that Cisco's negative catalysts are diminishing. The firm thinks the stock is being boosted by its successful efforts to keep its gross margin at or above the 61%-62% range, as well as a rebound in its switching business. RBC recommends buying the stock on dips and keeps a $29 price target and Outperform rating on the name.
07:41 EDTCSCOBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 9 at 10:40 am; not all company presentations may be webcasted. Webcast Link
06:39 EDTCSCOCisco initiated with an Outperform at Wedbush
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December 8, 2014
12:40 EDTCSCOUS Supreme Court to hear appeal in patent fight with Cisco
The U.S. Supreme Court has agreed to hear an appeal of a controversial appeals court decision that set aside a $63.8M patent infringement verdict won by The Woodlands, Texas-based Commil USA LLC against Cisco
10:20 EDTFNSROptions with decreasing implied volatility
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08:40 EDTCSCODeutsche Bank and Cisco to host a conference call
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08:02 EDTCSCOAruba says NHS replaces Cisco network with Aruba wireless infrastructure
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07:49 EDTCSCOArista Networks lawsuit not as threatening as believed, says SunTrust
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07:32 EDTCSCORaymond James to hold a conference
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07:03 EDTCSCOArista Networks patent resolution likely 2-3 years away, says Citigroup
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