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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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May 21, 2015
15:44 EDTNPTNNeoPhotonics 5.97M share Secondary priced at $7.25
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13:34 EDTNPTNNeoPhotonics trading halted, pending news
07:33 EDTFNFabrinet investments paying off, says Stifel
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May 20, 2015
10:00 EDTJDSUOn The Fly: Analyst Initiation Summary
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07:46 EDTJDSUJDSU initiated with an Equal Weight at Morgan Stanley
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May 15, 2015
09:23 EDTEMKREMCORE commences $45M modified Dutch auction tender offer for common stock
EMCORE announced the commencement of a modified "Dutch auction" tender offer to purchase shares of its common stock, up to an aggregate purchase price of $45M, at a price not greater than $6.75 nor less than $6.25 per share, net to the seller in cash, less any applicable withholding taxes and without interest. The offer will expire at 5:00 p.m., New York City time, on Monday, June 15. The full terms and conditions of the offer are described in the Offer to Purchase, the related Letter of Transmittal and other materials relating to the tender offer that were filed today with the SEC and are being distributed to shareholders.
May 13, 2015
08:36 EDTJDSUJDSU signs definitive agreement with Amada Holdings
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