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Stock Market & Financial Investment News

News Breaks
August 13, 2014
11:27 EDTINFN, JDSU, DTV, CIEN, T, FNSRJDSU 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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January 27, 2016
09:29 EDTTFacebook data center project supported by telco heavyweights, FT reports
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06:59 EDTTOptions expected to be active: AAPL FB AMZN BIIB GD HES TXT BA UTX X T
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06:36 EDTCIENCiena initiated with a Neutral at Citi
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06:35 EDTINFNInfinera initiated with a Buy at Citi
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January 26, 2016
19:26 EDTTOn The Fly: After Hours Movers
UP AFTER EARNINGS: CA Technologies (CA), up 4.8%... Ethan Allen (ETH), up 10.6%... Hawaiian Holdings (HA), up 5.7%... Capital One (COF), up 1.1%. ALSO HIGHER: Fate Therapeutics (FATE), up 25% after announcing that the FDA has cleared the company's investigational new drug application for ProTmune... Raptor Pharmaceutical (RPTP), up 6.6% after being upgraded to Buy from Neutral at Citi. DOWN AFTER EARNINGS: U.S. Steel (X), down 9%... AT&T (T), down 1.9%... Apple (AAPL), down 2.6%... VMware (VMW), down 4.7%... TSYS (TSS), down 7.4% after reporting quarterly results and announcing the acquisition of TransFirst for $2.3B in cash. ALSO LOWER: Lannett (LCI), down 9% after giving second quarter and fiscal 2016 guidance... Baxalta (BXLT), down 2% after filing to sell $1.45B of common stock for holders.
16:26 EDTTAT&T CEO says 'DIRECTV integration going well'
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16:07 EDTTAT&T sees FY16 adjusted EPS growth in mid-single digit range, consensus $2.81
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16:04 EDTTAT&T reports 214,000 U.S. DirecTV net adds, total video subscribers down in Q4
Reports 192,000 total IP broadband net adds.
16:03 EDTTAT&T reports Q4 business solutions services revenue down slightly y/y
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16:02 EDTTAT&T reports Q4 postpaid churn 1.18%, total churn 1.5% both down y/y
16:02 EDTTAT&T reports 2.8M wireless net adds; 1.6M branded (postpaid and prepaid) in Q4
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16:01 EDTTAT&T reports Q4 adjusted EPS 63c, consensus 63c
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16:00 EDTTOptions Update; January 26, 2016
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14:32 EDTTNotable companies reporting after market close
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12:14 EDTTEarnings Watch: AT&T sees Q4 noncash, pre-tax gain of approximately $2.2B
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January 25, 2016
16:00 EDTTOptions Update; January 25, 2016
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14:40 EDTTAT&T volatility elevated into Q4 and outlook
AT&T January weekly call option implied volatility is at 30, February is at 18; compared to its 52-week range of 13 to 27, suggesting large near term price movement into the expected release of Q4 results on January 26.
14:19 EDTTAT&T technical notes before earnings
The key support level for the shares is at $32.50, the bottom of its trading range for the most part since February 2014. If the news is negative, the $32.50 area could be tested. A breakdown below that level would be a technical negative, voiding years of support. Next downside objectives would then be at $31.52 and $30.54. If the news is a positive surprise, there is long-run level of resistance at $37 that would be the first big upside test. A move above $37 would resolve a nearly 2-year long trading range bullishly. Next resistance would be at $37.86.
09:08 EDTTAutoZone to deploy AT&T services at its locations in the U.S.
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09:04 EDTTSprint doubles number of LTE Plus markets
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