New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
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,
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.
Sign up for a free trial to see the rest of the stories you've been missing.
July 30, 2014
08:17 EDTEMKREMCORE awarded long-term supply contract by Lockheed Martin
Subscribe for More Information
July 29, 2014
11:07 EDTOPLKOplink jumps after agreeing to search for 'Connected' unit alternatives
Subscribe for More Information
08:22 EDTOPLKOplink Communications sees Q1 revenue $53M-$57M, consensus $52.02
08:22 EDTOPLKOplink Communications raises Q4 revenue view to $51.5M from $48.1M
Subscribe for More Information
08:16 EDTOPLKOplink Communications increases stock repurchase program by $40M
Subscribe for More Information
08:14 EDTOPLKOplink Communications initiates 5c per share quarterly dividend
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use