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October 8, 2012
10:13 EDTOCLR, FNSR, FN, JDSU, NPTN, OPLK, CIEN, EMKROptical component makers lower after Oclaro misses expectations
Several companies that make optical network components for telecom products are sinking after one of the names in the space, Oclaro (OCLR), announced on Friday night that its first quarter revenue would be lower than expected. Oclaro, which said its revenue would be below both its guidance and analysts' consensus estimates, cited "challenging market conditions" and a slower than expected ramp of its new products as two reasons for its revenue shortfall. In a note to investors earlier today, Needham analyst Alex Henderson wrote that Oclaro's problems probably aren't affecting other companies in its sector. Among other companies in the sector, Henderson expects Finisar (FNSR) to report results in-line with analysts' expectations, and believes that Fabrinet's (FN) results are likely to be consistent with its previous guidance. Needham's favorite names in the sector are Neophotonics (NPTN) and Oplink (OPLK), and it also recommends Ciena (CIEN) and Emcore (EMKR). The firm maintained a Hold rating on Oclaro, which dropped 18c, or 6.84%, to $2.45 in early trading. Meanwhile, optical component maker JDS Uniphase (JDSU) slid 3.17% to $11, Finisar lost 2.14% to $13.23, and Fabrinet retreated 3.45% to $11.20,
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October 30, 2014
17:05 EDTOPLKOplink Communications sees Q2 EPS 38c-44c, consensus 30c
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17:04 EDTOPLKOplink Communications reports Q1 EPS 34c, consensus 26c
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09:14 EDTJDSUOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Visa (V), up 4%... MasterCard (MA), up 2.5%... Alcatel-Lucent (ALU), up 12.5%... TASER (TASR), up 4%... JDSU (JDSU), up 3.8%... Radian Group (RDN), up 9%... DreamWorks Animation (DWA), up 1.7%... Take-Two (TTWO), up 7.7%. ALSO HIGHER: Grand Canyon (LOPE), up 10.5%, upgraded at Piper Jaffray after the company formed a committee to explore conversion to a nonprofit entity... Walter Energy (WLT), up 6.8% after lowering FY14 capital expenditures view, reporting lower than expected losses... Novavax (NVAX), up 7% after getting fast track designation for H7N9 VLP. DOWN AFTER EARNINGS: Glu Mobile (GLUU), down 16.6%... Alliance Fiber Optic (AFOP), down 18.4%... Pacira (PCRX), down 6.4%. ALSO LOWER: Sturm, Ruger (RGR), down 10% following Q3 results, cutting Q3 dividend. Peer gunmaker Smith & Wesson (SWHC) also down 3.7% after Ruger's report... Western Gas Partners (WES), down 4.4% after its 7.5M common units spot secondary priced at $70.85... ACCO Brands (ACCO), down 1.1%, downgraded at KeyBanc following the company's Q3 results... Fiat Chrysler (FCAU), down 1.1% after reported to be recalling over 300K Ram trucks due to fire concern... Inogen (INGN), down 2.3% after 2.1M share secondary offering of common stock priced at $21.50.
October 29, 2014
18:59 EDTJDSUOn The Fly: After Hours Movers
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16:18 EDTJDSUJDSU sees Q2 EPS 15c, plus or minus 3c, consensus 17c
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16:17 EDTJDSUJDSU reports Q1 EPS 14c, consensus 10c
Reports Q1 revenue $433.6M, consensus $416.67M.
15:53 EDTJDSUNotable companies reporting after market close
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October 28, 2014
07:16 EDTJDSUMKM Partners would buy JDSU on potential weakness from guidance
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October 23, 2014
06:55 EDTNPTNNeoPhotonics raises Q3 adjusted EPS view to (4c)-6c from (14c)-(4c)
Consensus for adjusted EPS is (9c). Narrows Q3 revenue view to $80M-$82M from $78M-$82M. Consensus for Q3 revenue is $80.42M. Raises Q3 adjusted gross margin view to 25%-27% from 22%-26%.
06:49 EDTNPTN, EMKREMCORE sells tunable laser and transceiver product lines to NeoPhotonics
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October 21, 2014
07:47 EDTJDSUJDSU price target raised to $17 from $14 at UBS
UBS raised its price target on JDSU to $17 from $14 as they envision two paths to value creation. The firm sees either staying the course on separating its assets into two companies or taking part in the industry consolidation by being either an acquirer or seller. UBS reiterates its Buy rating on JDSU shares.
October 17, 2014
08:12 EDTFNFabrinet coverage resumed with a Buy at Stifel
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06:16 EDTFNFabrinet upgraded to Buy from Neutral at B. Riley
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