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Stock Market & Financial Investment News

News Breaks
October 8, 2012
10:13 EDTEMKR, NPTN, FNSR, CIEN, JDSU, OCLR, OPLK, FNOptical 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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December 11, 2014
07:02 EDTCIENCiena sees Q1 revenue $540M-$570M, consensus $566.58M
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07:01 EDTCIENCiena reports Q4 adjusted EPS (8c), may not compare to consensus 13c
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December 10, 2014
15:38 EDTCIENCiena December weekly 17 straddle priced for 8.2% move into Q4
15:25 EDTCIENNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Lululemon (LULU), consensus 38c; RadioShack (RSH), consensus ($1.04); Ciena (CIEN), consensus 13c; Methode Electronics (MEI), consensus 55c.
15:00 EDTCIENCiena management to meet with William Blair
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10:20 EDTFNSROptions with decreasing implied volatility
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December 9, 2014
15:49 EDTOPLKGabelli raises stake in Oplink Communications to 9.55% from 8.24%
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15:06 EDTCIENCiena volatility elevated as shares trend up into Q4 and outlook
Ciena December weekly call option implied volatility is at 118, December is at 68, January is at 52, April is at 42; compared to its 26-week average of 43 according to Track Data, suggesting large near term price movement into the expected release of Q4 results before the market open on December 11.
14:57 EDTJDSU, CIEN, 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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09:14 EDTCIEN Ciena volatility increase into Q4 and outlook
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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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