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Stock Market & Financial Investment News

News Breaks
October 8, 2012
10:13 EDTCIEN, JDSU, OCLR, OPLK, FN, EMKR, NPTN, FNSROptical 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,
News For OCLR;FNSR;FN;JDSU;NPTN;OPLK;CIEN;EMKR From The Last 14 Days
Check below for free stories on OCLR;FNSR;FN;JDSU;NPTN;OPLK;CIEN;EMKR the last two weeks.
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April 17, 2014
08:18 EDTFNSRGoogle capex expansion positive for Finisar, Juniper, says Janney Capital
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April 15, 2014
08:08 EDTJDSUJDSU appoints Facebook Chief Information Officer Tim Campos to board
JDSU (JDSU) announced that Tim Campos has been appointed to its board, effective April 15. Campos is currently the Chief Information Officer and a member of the senior management team at Facebook (FB).
April 10, 2014
12:00 EDTNPTNNeoPhotonics falls 12.8%
NeoPhotonics is down 12.8%, or $1.01, to $6.85
10:00 EDTNPTNOn The Fly: Analyst Initiation Summary
Apple (AAPL) initiated with a Buy at Deutsche Bank... Crocs (CROX) initiated with a Buy at Buckingham... Deckers Outdoor (DECK) initiated with a Buy at Buckingham... EMC (EMC) initiated with a Buy at Deutsche Bank... HP (HPQ) initiated with a Buy at Deutsche Bank... IBM (IBM) initiated with a Hold at Deutsche Bank... NeoPhotonics (NPTN) coverage resumed with a Market Perform at Raymond James... NetApp (NTAP) initiated with a Hold at Deutsche Bank... Nutrisystem (NTRI) initiated with a Buy at B. Riley... Questar (STR) initiated with an Underperform at BofA/Merrill... S&T Bancorp (STBA) initiated with an Outperform at Raymond James... STB Systems Inc (STBI) initiated with an Outperform at Raymond James... Skechers (SKX) initiated with an Underperform at Buckingham... Steven Madden (SHOO) initiated with a Buy at Buckingham... UGI Corporation (UGI) initiated with a Buy at BofA/Merrill... Web.com (WWWW) initiated with a Neutral at Buckingham... Ally Financial (ALLY) initiated with a Buy at BTIG... Visteon (VC) initiated with a Buy at Citigroup... Greatbatch (GB) initiated with a Buy at KeyBanc... Steris (STE) initiated with a Buy at KeyBanc... Cooper Companies (COO) initiated with a Hold at KeyBanc... Hill-Rom (HRC) initiated with a Hold at KeyBanc... Invacare (IVC) initiated with a Hold at KeyBanc... Teleflex (TFX) initiated with a Hold at KeyBanc... Provident Financial (PROV) initiated with a Market Perform at Keefe Bruyette... UMH Properties (UMH) initiated with a Hold at Wunderlich.
10:00 EDTNPTNNeoPhotonics falls 7.5%
NeoPhotonics is down 7.5%, or 59c, to $7.27
06:49 EDTNPTNNeoPhotonics coverage resumed with a Market Perform at Raymond James
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April 9, 2014
16:07 EDTNPTNNeoPhotonics sees Q1 revenue $67M-$69M
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16:05 EDTNPTNNeoPhotonics sees Q4 adjusted EPS (10c)-(5c), consensus (11c)
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16:04 EDTNPTNNeoPhotonics reports Q3 adjusted EPS (10c), consensus (8c)
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April 7, 2014
07:44 EDTCIENMarketo to hold a summit
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