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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
Check below for free stories on OCLR;FNSR;FN;JDSU;NPTN;OPLK;CIEN;EMKR the last two weeks.
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August 28, 2014
15:22 EDTFNNotable companies reporting after market close
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August 27, 2014
08:20 EDTCIENCiena September volatility elevated into Q3 and guidance
Ciena September call option implied volatility is at 50, October is at 42, January is at 39; compared to its 26-week average of 43 according to Track Data, suggesting large near term price movement into its release of Q3 results on September 4.
07:43 EDTOCLRJefferies to hold a summit
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August 25, 2014
15:18 EDTFNNotable companies reporting after market close
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06:24 EDTFNSRFinisar September volatility elevated into Q1 and outlook
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August 24, 2014
21:56 EDTJDSUB. Riley to hold a tour
Silicon Valley Tech Tour travels throughout Silicon Valley on August 25-27.
August 18, 2014
15:26 EDTFNNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Urban Outfitters (URBN), consensus 49c; Fabrinet (FN), consensus 35c.
08:31 EDTFNFabrinet postpones Q4 earnings release due to audit committee investigation
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