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Stock Market & Financial Investment News

News Breaks
March 21, 2013
10:49 EDTHERO, SHPGY, PVH, JDSU, SOLHigh option volume stocks: HERO SHPG PVH JDSU SOL
News For HERO;SHPGY;PVH;JDSU;SOL From The Last 14 Days
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September 2, 2014
13:04 EDTJDSUFinisar 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.
05:31 EDTSOLReneSola to develop 13MW solar farm project in UK
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August 31, 2014
13:33 EDTPVHGoldman to hold a conference
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August 29, 2014
06:23 EDTPVHPVH September volatility elevated into Q2 and outlook
PVH September call option implied volatility is at 30, October is at 26, December is at 24; compared to its 26-week average of 26 according to Track Data, suggesting large near term price movement into the expected release of Q2 on September 4.
August 26, 2014
13:12 EDTSOLTrinaSolar drops after revenue miss, peers follow
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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
07:02 EDTSOLReneSola to supply 5.4 MW in solar modules for India utility project
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August 19, 2014
09:20 EDTSOLReported settlement offer positive for Chinese solar stocks, says Roth Capital
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