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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
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October 23, 2014
06:55 EDTNPTNNeoPhotonics raises Q3 adjusted EPS view to (4c)-6c from (14c)-(4c)
Consensus for adjusted EPS is (9c). Narrows Q3 revenue view to $80M-$82M from $78M-$82M. Consensus for Q3 revenue is $80.42M. Raises Q3 adjusted gross margin view to 25%-27% from 22%-26%.
06:49 EDTEMKR, NPTNEMCORE sells tunable laser and transceiver product lines to NeoPhotonics
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October 21, 2014
07:47 EDTJDSUJDSU price target raised to $17 from $14 at UBS
UBS raised its price target on JDSU to $17 from $14 as they envision two paths to value creation. The firm sees either staying the course on separating its assets into two companies or taking part in the industry consolidation by being either an acquirer or seller. UBS reiterates its Buy rating on JDSU shares.
October 17, 2014
08:12 EDTFNFabrinet coverage resumed with a Buy at Stifel
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06:16 EDTFNFabrinet upgraded to Buy from Neutral at B. Riley
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October 16, 2014
16:18 EDTFNFabrinet expects Q1 adjusted EPS 40c, consensus 39c
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16:17 EDTFNFabrinet reports Q4 adjusted EPS 34c, consensus 35c
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