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Stock Market & Financial Investment News

News Breaks
March 7, 2014
10:16 EDTCSC, FNSR, STZ, KREHigh option volume stocks: FNSR KRE STZ CSC
News For FNSR;KRE;STZ;CSC From The Last 14 Days
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February 11, 2016
05:12 EDTKRE Stocks with implied volatility movement; KRE CHK
Stocks with implied volatility movement; SPDR S&P Regional Banking ETF (KRE) 41, Chesapeake (CHK) 260 according to iVolatility.
February 10, 2016
17:17 EDTCSCCSC to delay filing quarterly report on Form 10-Q
Computer Sciences requires additional time to file its Quarterly Report on Form 10-Q for the quarter ended January 1, 2016 in order to complete the financial reporting for the November 27, 2015 spin-off of its North American Public Sector business and to complete the execution of the modified controls and review processes implemented during the quarter in connection with the implementation of a new financial system, as previously disclosed in the Company's Form 10-Q for the quarter ended October 2, 2015. The Company is working to complete the Form 10-Q as expeditiously as possible and expects to file the report on or before February 16, 2016, within the time allowed by the extension.
February 9, 2016
17:01 EDTCSCCSC sees FY16 adjusted EPS $2.40-$2.60, consensus $2.60
Sees FY16 revenue down mid-single digits, consensus $7.32B.
16:58 EDTCSCCSC reports Q3 non-GAAP EPS 71c, consensus 69c
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14:36 EDTCSCNotable companies reporting after market close
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February 8, 2016
14:20 EDTCSCCSC volatility flat into Q3 and outlook
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February 4, 2016
07:35 EDTCSCCSC called a top value idea for 2016 at Jefferies
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February 3, 2016
12:12 EDTFNSROclaro 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).

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