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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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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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