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Stock Market & Financial Investment News

News Breaks
March 19, 2013
07:22 EDTFN, EMKR, NPTN, OCLR, JDSU, FNSRNeedham to host company meetings at OFC
Needham Analyst Henderson holds a day of company meetings in conjunction with the Optical Fiber Communications Conference in Anaheim, California on March from 12 pm to 5:30 pm.
News For OCLR;EMKR;FNSR;NPTN;FN;JDSU From The Last 14 Days
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December 12, 2014
12:36 EDTJDSUSandell Asset comments on JDSU voting results
Sandell Asset Management issued the following statement after the release of final voting results from the JDS Uniphase 2014 Annual Meeting of Stockholders: “Sandell is encouraged by the support it received from JDSU stockholders, who together voted approximately 57.9 million shares 'AGAINST' current Director Martin Kaplan, or more than 34% of the shares voting at the Annual Meeting. Furthermore, Mr. Kaplan was elected with only 47% of total outstanding shares voting in his favor; approximately 35.4 million shares either voted to abstain or were broker non-votes. The fact that Sandell was able to generate such strong support without actively soliciting proxies from stockholders speaks in our view to the profound frustration of the investor base to the entrenchment actions taken by this company’s Board of Directors and its refusal to conduct a more fulsome process to unlock stockholder value. Sandell has appreciated its dialogue with the stockholders of JDSU, including conversations with some of the company’s largest institutional stockholders. Based on this dialogue, we feel that we have significantly heightened the awareness among stockholders of the company’s troubling governance practices, as well as focused the investor base’s fervent desire to see additional value delivered to the stockholders, who are the true owners of the company. Notably, calls for consolidation in the optical components industry are only growing louder, in our view reinforcing the need to conduct a formal sale process for the CCOP business. The formal communication of this sale process is paramount, as we believe most legitimate strategic acquirers will not dedicate the time and effort required to conduct due diligence and compose a credible offer for CCOP without the express consent from the company and the opening of a comprehensive data room. The fact that leading proxy advisory firm Institutional Shareholders Services noted how the actions of the company served to frustrate the exercise of shareholder rights, coupled with the resulting media attention criticizing the troubling steps that the Board had taken to impinge upon the shareholder franchise, should not go unheeded by the Board of Directors. Furthermore, we remind stockholders that the entire Board is up for election next year. These voting results should serve as a wake-up call to the Board of Directors that the stockholders will not sit idly by and allow their rights to be usurped, nor will stockholders allow the significant value associated with the company’s unique collection of assets to remain obstructed.”
December 11, 2014
18:14 EDTEMKROn The Fly: After Hours Movers
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16:11 EDTEMKREMCORE appoints Jeffrey Rittichier as CEO
EMCORE announced that it has named Jeffrey Rittichier CEO of the company. In his new role, Rittichier succeeds Dr. Hong Hou, who has served as the company's president and CEO since March 2008. Rittichier has also been appointed to the company's board to fill the vacancy that will be created when Dr. Hong Hou steps down as CEO. Rittichier joins EMCORE from NanoStatics where he served as CEO.
16:09 EDTEMKREMCORE sees Q1 revenue for remaining Broadband Fiber Optics business $17M-$19M
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16:06 EDTEMKREMCORE reports Q4 EPS (4c), consensus (7c)
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10:24 EDTFNSROptions with decreasing implied volatility
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December 10, 2014
10:20 EDTFNSROptions with decreasing implied volatility
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December 9, 2014
14:57 EDTJDSU, FNSRTelecom equipment stocks rally after Verizon CFO comments on wireless CapEx
Telecom equipment stocks, which opened lower, rallied after Verizon (VZ) CFO Fran Shammo said he sees wireless CapEx continuing to trend upward. Shammo, speaking at the UBS 42nd Annual Global Media And Communications Conference, said, "The day we start to cut wireless CapEx is the day we start to wonder where the future of this industry is going." Ciena (CIEN), JDSU (JDSU), and Finisar (FNSR) all reversed earlier losses. PRICE ACTION: In afternoon trading, Ciena is up 1.5%, JDS Uniphase is up 3.8%, and Finisar is up 4.5%. Verizon, which was downgraded this morning to Neutral from Buy by RW Baird, is trading down almost 5%.
December 8, 2014
10:20 EDTFNSROptions with decreasing implied volatility
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December 5, 2014
13:03 EDTEMKREMCORE announces shareholder approval of sale of Space Photovoltaics unit
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11:24 EDTFNSRFinisar management to meet with B. Riley
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10:40 EDTFNSROptions with decreasing implied volatility
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05:51 EDTFNSRFinisar weakness a buying opportunity, says Piper Jaffray
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December 4, 2014
18:34 EDTFNSROn The Fly: After Hours Movers
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16:13 EDTFNSRFinisar down 3% after earnings, guidance miss estimates
16:04 EDTFNSRFinisar sees Q3 EPS 23c-27c, consensus 28c
Sees Q3 revenues $297M-$312M, consensus $323.85M. Sees Q3 non-GAAP gross margin of approximately 31%. "The second quarter was challenging. During the quarter, we experienced decreased demand for telecom products compared to the prior fiscal quarter, due to sluggish carrier capital expenditures. In addition, sales of transceivers for wireless applications were soft as were sales to several datacom customers with lumpy order patterns," said Jerry Rawls, Finisar's executive Chairman. "We remain confident in our industry leading market position and the long term growth potential for the industry. We expect revenue to grow sequentially in the third fiscal quarter, primarily driven by growth in the demand for 40 gigabit and 100 gigabit transceivers for datacom applications as well as transceivers for wireless applications," said CEO Eitan Gertel.
16:02 EDTFNSRFinisar reports Q2 EPS 23c, consensus 25c
Reports Q2 revenue $297.0M, consensus $315.25M. Non-GAAP gross margin decreased to 31.1% from 32.0% in the preceding quarter.
15:18 EDTFNSRNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Cooper Companies (COO), consensus $2.03; ULTA Salon (ULTA), consensus 84c; American Eagle Outfitters (AEO), consensus 22c; Five Below (FIVE), consensus 6c; Ambarella (AMBA), consensus 54c; Finisar (FNSR), consensus 25c; Smith & Wesson (SWHC), consensus 7c.

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