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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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March 24, 2015
09:05 EDTCIENVerizon moves to 100G network in the U.S.
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08:56 EDTFNSR, JDSURBC Capital to hold company meetings at OFC 2015
Company Meetings being held at the Optical Fiber Communication Conference: OFC 2015 in Los Angeles on March 24.
08:04 EDTOCLROclaro signs sales representative agreement with Infinity Sales
Oclaro announced it has signed a sales representative agreement with Infinity Sales, the premier semiconductor sales organization based in Southern California. This partnership will enable Oclaro to reach a wider range of data center, telecom, enterprise and storage customers who can benefit greatly from its portfolio of high-performance optical transceiver solutions for 10G, 25G, 40G, and 100G applications.
07:32 EDTFN, FNSR, CIEN, JDSU, NPTN, OCLRUBS to hold a field trip
Field Trip: Company Meetings at Optical Fiber Communications Conference, OFC 2015, will be held in Los Angeles on March 24-25.
March 23, 2015
11:07 EDTCIENCiena March weekly calls active on renewed takeover chatter
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10:56 EDTCIENRumor: Ciena moves up on renewed takeover chatter
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