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Stock Market & Financial Investment News

News Breaks
August 13, 2014
11:27 EDTJDSU, FNSR, CIEN, INFN, T, DTVJDSU falls after outlook disappoints, analyst downgrades
Shares of JDSU (JDSU), a provider of equipment to telecommunications service providers, are sharply lower after the company's fourth quarter results and first quarter guidance were reported last night. Following the report, the stock was downgraded this morning at two Street research firms. WHAT'S NEW: Last night, JDSU reported fourth quarter adjusted earnings of 14c per share, beating the consensus forecast by 1c, on revenue of $448.6M, which topped the consensus $436.8M view. However, JDSU expects revenue to be $405M-$425M in its first quarter and sees Q1 EPS of 8c-12c, which fell short of consensus of about $441M and 14c, respectively. JDSU's President and CEO Tom Waechter said, "Looking ahead to fiscal 2015, we believe there are strong market drivers across our three business segments, and that we are well positioned with differentiated products and solutions to support our customers as they transition to Software Defined Networks, Network Function Virtualization and more dependency on cloud infrastructure. We continue to lead in our core network and anti-counterfeiting markets and I am pleased with the momentum we are building in our commercial lasers business on the strength of our highly differentiated fiber laser product line." ANALYST OPINION: Following the company's report, B. Riley analyst Dave Kang cut his rating on JDSU shares to Neutral from a Buy rating, citing near-term uncertainties in the North American telecom market. Kang pointed to two events contributing to that uncertainty, namely an architectural shift to SDN, or Software Defined Networking, and AT&T's (T) planned merger with DirecTV (DTV). The analyst acknowledged previously underestimating the potential impact of the SDN shift on the telecom equipment industry and noted that appears to be impacting JDSU's NSE business more than its optical component unit. Kang prefers Finisar (FNSR) over JDSU given the current environment, noting that about 70% of Finisar's sales come from the datacom sector. Kang lowered his price target on JDS Uniphase shares to $11.75 from $15.50. Piper Jaffray analyst Troy Jensen also downgraded JDSU following its report, lowering his rating on the stock to Neutral from Overweight. Jensen also said the company's worse than expected guidance indicates softer Telco spending and he believes JDSU will have trouble showing significant revenue acceleration even if the optical upgrade cycle starts to ramp up. Piper lowered its price target on the stock to $12 from $14. OTHERS TO WATCH: Other providers of telecom equipment include Ciena (CIEN) and Infinera (INFN). PRICE ACTION: In morning trading, shares of JDSU fell $1.12, or 9.4%, to $10.78. Meanwhile, shares of Finisar were down nearly 2% to $19.58, Ciena slipped 1.5% to $18.92 and Infinera was fractionally higher at $9.09.
News For JDSU;FNSR;CIEN;INFN;T;DTV From The Last 14 Days
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September 25, 2014
10:44 EDTT, DTVDirecTV shareholders approve AT&T merger
10:16 EDTT, DTVDirecTV shareholders vote in favor of merger with AT&T, Bloomberg reports
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September 24, 2014
05:03 EDTTAT&T to offer Samsung Gear S
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September 23, 2014
15:12 EDTDTVDirecTV to host special shareholder meeting
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12:19 EDTTAT&T, Vodafone 'laying groundwork' for deal, BSN reports
Vodafone (VOD) and AT&T (T) are "laying the groundwork" for a possible acquisition, merger or partnership deal, according to Bright Side of News, citing sources close to both companies. Shares of Vodafone have moved out of negative territory and are up 0.5% following the report. Reference Link
September 22, 2014
10:01 EDTTGernin Group and AT&T's Otter Media to acquire majority stake in Fullscreen
Otter Media, a venture between The Chernin Group and AT&T, agreed to purchase a majority stake in Fullscreen, a global online media company. As part of the deal, Fullscreen CEO and Founder George Strompolos will continue as CEO and maintain a material ownership stake in the company. Otter Media was established by AT&T and The Chernin Group to invest in, acquire and launch over-the-top video services. Fullscreen's management team will all continue in their roles in the company. The transaction is expected to close within the next month, subject to regulatory approval. WPP, which had invested in Fullscreen in a round of Series A funding led by The Chernin Group in 2013, will continue as a strategic shareholder in the company.
07:14 EDTTGSM Association to hold a conference
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September 19, 2014
08:16 EDTINFNInfinera price target raised to $15 from $12 at MKM Partners
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September 18, 2014
12:23 EDTDTV, TAT&T ex-partners look to FCC to hinder DirecTV offer, Reuters says
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11:56 EDTFNSRFinisar management to meet with Barrington
Meetings to be held in Portland, OR on September 23 and in Seattle on September 24 hosted by Barrington.
09:34 EDTTAT&T extends NetBond security services to IBM SoftLayer platform
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September 17, 2014
15:50 EDTDTVDISH, DirecTV support committee passage of STAVRA legislation
DIRECTV (DTV) and DISH (DISH) issued the following statement regarding the passage of the Satellite Television Access and Viewer Rights Act, or STAVRA, out of the Senate Committee on Commerce, Science, & Transportation: "We thank Chairman Rockefeller, Ranking Member Thune and the rest of the Senate Commerce Committee for passing bipartisan legislation that makes important reforms to the outdated laws governing today’s video market, while ensuring continuity of service to more than 1.5M distant signal subscribers who would, otherwise, lose service at the end of this year. We look forward to working with Congressional leadership to see this reauthorization swiftly passed into law, and also look forward to continuing the important discussion regarding retransmission consent reform, and in particular protecting consumers from local channel blackouts.”
15:06 EDTTAT&T met with Mexican telecommunications regulators, Bloomberg says
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13:34 EDTDTV, TAT&T could need significant debt to pursue America Movil assets, WSJ says
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11:39 EDTTVerizon says tower sales options more favorable in current market
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07:31 EDTCIENCiena management to meet with UBS
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September 16, 2014
17:41 EDTTAT&T indicates interest in Mexico market, WSJ says
AT&T's (T) Chief Strategy Officer, John Stankey, speaking at an investor conference, said that Mexico, a fast growing market, is of interest to AT&T and the company has the balance sheet to do a deal if an opportunity arises, says the Wall Street Journal. América Móvil (AMX,AMOV) recently said it will sell off assets in Mexico to comply with regulatory issues there, added the Wall Street Journal. Reference Link
17:32 EDTTAT&T signs agreement with Shell to upgrade unified communications platform
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07:51 EDTCIENCiena management to meet with UBS
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07:27 EDTTBofA/Merrill to hold a conference
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