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Stock Market & Financial Investment News

News Breaks
December 26, 2012
12:16 EDTOPLK, FNSR, JDSUJDS Uniphase up after analyst predicts better 2013 for optical sector
Optical products maker JDS Uniphase (JDSU) and two of its peers are advancing after Piper Jaffray analyst Troy Jensen forecast that the optical sector's demand trends are likely to improve in 2013. In a note to investors earlier today, Jensen wrote that telecom companies' capital spending is at low levels and some of the largest telecom companies plan to increase their capital expenditures in the future. As a result, optical products makers' sales should be higher than expected in the second half of 2013 as telecom companies expand or upgrade their network infrastructure, the analyst believes. JDS Uniphase should also benefit from market share gains, added Jensen, who increased his price target on the stock to $16 from $12. The analyst reiterated his Overweight rating on the shares. In early afternoon trading, JDS Uniphase climbed 24c, or 1.82%, to $13.40, while Finisar (FNSR) advanced 1.66% to $15.93 and Oplink (OPLK) rose 0.89% to $15.23.
News For JDSU;FNSR;OPLK From The Last 14 Days
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July 24, 2015
17:33 EDTJDSUS&P announces changes to S&P 400, 500, and 600 indices
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17:22 EDTJDSUJDSU to replace Susquehanna in S&P 600 as of 7/31 close
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17:22 EDTJDSUCatalent to replace JDSU in S&P 400 as of 7/31 close
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July 16, 2015
07:08 EDTFNSRBarrington to hold a bus tour
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July 15, 2015
16:17 EDTJDSUJDSU sets record, distribution date for separation into Lumentum, Viavi
JDSU (JDSU) announced several key dates in connection with the separation of its Communications and Commercial Optical Products business segment as a separate public company to be named Lumentum Holdings, and the special dividend distribution of approximately 80.1% of Lumentum's common stock to JDSU shareholders, subject to the conditions set forth in Lumentum's Registration Statement on Form 10 as filed with the Securities and Exchange Commission on February 26, 2015, as amended. Separation to be completed August 1, 2015 and Lumentum shares to be distributed to shareholders the first trading day thereafter, August 3, 2015. Lumentum (LITE) and Viavi (VIAV) to begin "regular way" trading on NASDAQ on August 4, 2015, the ex-dividend date. JDSU shareholders will receive one share of Lumentum common stock for every five shares of JDSU common stock held on July 27, 2015, the record date for the distribution, and not sold prior to the ex-dividend date; approximately 80.1% of Lumentum's outstanding shares will be distributed. JDSU to be renamed Viavi Solutions. For every five shares of JDSU common stock held, JDSU shareholders will receive one share of Lumentum common stock. Shareholders will receive cash in lieu of fractional shares. The special dividend distribution is expected to be effective at 12:01 am on Saturday, August 1, 2015. The distribution will be paid on the first trading day thereafter, Monday, August 3, 2015, to JDSU shareholders of record as of the close of business on July 27, 2015 who continue to hold shares until the ex-dividend date. The distribution of Lumentum common stock will complete the formal separation of CCOP from JDSU. After the distribution, Lumentum will be an independent, publicly-traded company. JDSU will be renamed Viavi Solutions Inc. and, at the time of the distribution, will retain ownership of approximately 19.9% of Lumentum's outstanding shares. Based on approximately 235.3M shares of JDSU common stock outstanding as of June 27, 2015, a total of approximately 47.1M shares of Lumentum common stock will be distributed to shareholders and approximately 11.7M shares will be retained by Viavi. Viavi is committed to liquidating these shares within three years from the closing.
July 13, 2015
09:53 EDTFNSRFinisar management to meet with Needham
Meeting to be held in London on July 15 hosted by Needham.

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