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Stock Market & Financial Investment News

News Breaks
April 1, 2014
08:09 EDTCHA, SQNSSequans awarded contracts to provide TD-LTE end user devices to China Telecom
Sequans Communications (SQNS) announced that two of its device manufacturing partners in China, Datang Mobile and DareGlobal, have been awarded contracts to provide Sequans-powered TD-LTE end user devices to China Telecom (CHA) for the operatorís commercial launch of TD-LTE service beginning in Q2. Both devices are single-mode TD-LTE CPE units that will provide China Telecom customers with internet access at 4G speed. Datang Mobile is one of Chinaís leading TDD system and equipment suppliers, and DareGlobal is a leading provider of broadband mobile terminals
News For SQNS;CHA From The Last 14 Days
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February 4, 2016
06:27 EDTSQNSSequans and Verizon announce LTE CAT M chipset acceleration for IoT
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06:23 EDTSQNSSequans expects revenue from M2M/IoT business to begin ramping in 2016
The company also commented, "Another major goal for 2016 is to remain at the forefront of LTE technology by introducing new LTE-M narrowband solutions that will further expand our available market, enable new product categories and help fuel revenue growth in the years to come."
06:11 EDTSQNSSequans sees Q1 non-IFRS EPS (10c)-(8c), consensus (7c)
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06:11 EDTSQNSSequans reports Q4 non-IFRS EPS (7c), consensus (6c)
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February 3, 2016
12:12 EDTCHAOclaro spikes after quarterly results, optical peers follow
Shares of optical networking firm Oclaro (OCLR) are advancing, along with its peers, after Oclaro reported better than expected quarterly results. WHAT'S NEW: After the close on Tuesday, Oclaro reported second quarter adjusted earnings per share of 3c on revenue of $94.1M. Both EPS and revenue were better than consensus estimates of (1c) and $91.5M, respectively. The company's adjusted gross margin rate for the quarter was 28.8%, much better than the 16.5% in the year ago quarter. Oclaro CEO Greg Dougherty pointed out the continuing growth in the company's 100G portfolio and said he expects revenue growth to continue in 2016. According to the CEO, revenue growth in the quarter "drove higher gross margin and net income." The company sees continued "robust" demand for its 100G product portfolio as it expands capacity in Asia. WHAT'S NOTABLE: Along with its Q2 results, Oclaro said it sees Q3 revenue of $97M-$103M, ahead of analyst expectations of $90.7M. On its Q2 earnings call, the company said it sees strong demand from China, with contract awards form China Telecom (CHA) and China Unicom (CHU ), which have deliveries slated for later in calendar year 2016. PRICE ACTION: Shares of Oclaro are up 10% in early afternoon trading. OPTICAL PEERS: Shares of other companies in the optical networking space are also out performing the market, including Finisar (FNSR), Infinera (INFN), Lumentum Holdings (LITE), NeoPhotonics (NPTN), and Ciena (CIEN).

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