New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
November 25, 2014
16:19 EDTOPLKGabelli reports 8.24% stake in Oplink Communications
15:10 EDTFNFabrinet management to meet with Piper Jaffray
Subscribe for More Information
November 24, 2014
06:11 EDTJDSUGlass Lewis, Egan-Jones recommend holders vote FOR JDSU nominees
Subscribe for More Information
November 21, 2014
06:49 EDTCIENCiena initiated with an Outperform at Northland
Subscribe for More Information
November 20, 2014
06:08 EDTOPLKOplink Communications downgraded to Neutral from Buy at B. Riley
Subscribe for More Information
November 19, 2014
12:46 EDTOPLKOn The Fly: Midday Wrap
Subscribe for More Information
11:10 EDTOPLKOplink Communications downgraded to Neutral from Buy at Sidoti
Subscribe for More Information
08:06 EDTOPLKOplink to be acquired by Koch Industries for $24.25 per share, cash
Subscribe for More Information
07:40 EDTJDSUUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 19 at 10:45 am; not all company presentations may be webcasted.Webcast Link
November 18, 2014
07:12 EDTCIENCiena risk/reward attractive following pullback, says William Blair
Subscribe for More Information
November 17, 2014
17:26 EDTJDSUJDSU responds to Sandell Asset Management
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