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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
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April 28, 2015
12:46 EDTCIENCiena May weekly calls active
Ciena May 22 and 23 weekly calls are active on total call volume 4,500 contracts (200 puts). May weekly call option implied volatility is at 39, May is at 31, June and July is at 36; compared to its 26-week average of 37 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
April 27, 2015
10:00 EDTOCLROn The Fly: Analyst Upgrade Summary
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06:50 EDTOCLROclaro upgraded to Buy from Hold at Needham
April 21, 2015
10:20 EDTCIENWells thinks carrier equipment vendors factored in weak capex
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08:34 EDTJDSUJDSU signs exclusive distribution agreement with Laser 2000
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April 16, 2015
09:34 EDTJDSUSandell issues open letter to JDSU shareholders regarding CCOP
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April 15, 2015
07:46 EDTCIENEricsson, Juniper in focus for deals after Nokia-Alcatel tie-up, Bloomberg says
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April 14, 2015
11:55 EDTCIEN, JDSUCommunication equipment stocks active after potential Nokia-Alcatel deal
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