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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,
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November 21, 2014
06:49 EDTCIENCiena initiated with an Outperform at Northland
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November 20, 2014
06:08 EDTOPLKOplink Communications downgraded to Neutral from Buy at B. Riley
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November 19, 2014
12:46 EDTOPLKOn The Fly: Midday Wrap
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11:10 EDTOPLKOplink Communications downgraded to Neutral from Buy at Sidoti
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08:06 EDTOPLKOplink to be acquired by Koch Industries for $24.25 per share, cash
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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
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November 17, 2014
17:26 EDTJDSUJDSU responds to Sandell Asset Management
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November 12, 2014
15:08 EDTJDSUEarnings Preview: Cisco reports amid analyst debate on break-up potential
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November 10, 2014
16:04 EDTNPTNNeoPhotonics sees Q4 EPS (1c)-(13c), consensus (2c)
Sees Q4 revenue $74M-$80M, consensus $78.64M.
16:03 EDTNPTNNeoPhotonics reports Q3 EPS 4c, consensus (4c)
Reports Q3 revenue $81.6M, consensus $80.87M.
15:55 EDTJDSUNeedham to hold a conference
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14:47 EDTJDSUJDSU management to meet with Jefferies
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13:35 EDTFNSRCapital Research Global reports 11.9% passive stake in Finisar
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11:56 EDTNPTNNeoPhotonics management to meet with B. Riley
Meeting to be held in San Francisco on November 13 hosted by B. Riley.
09:21 EDTJDSUActivist Sandell to vote against some JDSU board nominees, Bloomberg says
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08:22 EDTJDSUNetwork equipment makers slip after AT&T projects lower 2015 capital spending
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08:12 EDTCIENAT&T 2015 capex reduction negative for select stocks, says JPMorgan
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