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ZTE Reportedly Reaches Deal With US; Optical Stocks Mixed
Wednesday, June 6, 2018 - 11:08am | 596Optical stocks were trading mostly higher Wednesday morning after reports the U.S. Commerce Department reached an agreement to lift a ban on business with China's ZTE. What Happened The U.S. government banned U.S. companies from selling telecommunication equipment to China's ZTE in...
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Rosenblatt Securities: Buy Acacia After A 'Steady Dose Of Bad News'
Tuesday, May 29, 2018 - 1:36pm | 435After a "steady dose of bad news" over the past year, now may be the time for investors to consider Acacia Communications, Inc. (NASDAQ: ACIA), according to Rosenblatt Securities. The Analyst Rosenblatt Securities' Ryan Koontz initiated coverage of Acacia Communications'...
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Applied Optoelectronics: How Amazon, Facebook And Microsoft Will Impact Its Q1 Earnings
Monday, May 7, 2018 - 3:40pm | 415Applied Optoelectronics Inc (NASDAQ: AAOI) is scheduled to report first-quarter results after Tuesday's market close and is expected to show investors it remains well-positioned to benefit from the "growing dynamic of hyperscale data centers," according to D.A. Davidson. The...
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Analyst: ZTE Ban Could Spark Consolidation In Optical Space
Wednesday, April 18, 2018 - 9:27am | 445The U.S. government banned U.S.-based telecom companies from selling hardware and software components to the Chinese company ZTE for seven years. The announcement had a ripple effect across the entire optics sector and could even trigger industrywide consolidation, according to Northland Capital...
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Analyst: Acacia Will Be Hurt By ZTE Ban, Others Will Win
Monday, April 16, 2018 - 12:19pm | 512Optical stocks led by Acacia Communications, Inc. (NASDAQ: ACIA) were hit hard Monday morning after the U.S. government slapped a seven-year restriction on the sale of optical equipment by American companies to China's ZTE. The Analyst MKM Partners analyst Michael Genovese commented on the...
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Optical Stocks Under Pressure After US Bans Sales To ZTE
Monday, April 16, 2018 - 10:48am | 610Optical stocks were trading under notable selling pressure Monday morning in reaction to the U.S. government's move to ban American companies from selling their equipment to China's ZTE Corp. What Happened The U.S. government slapped a ban on ZTE from buying American telecom equipment as...
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William Blair: Reports Of Apple-Related Problems At Finisar 'Profoundly Inaccurate'
Thursday, April 5, 2018 - 4:27pm | 438After falling 30 percent since its March 8 third-quarter report, Finisar Corporation (NASDAQ: FNSR) represents an opportunity for investors, according to William Blair. The Analyst William Blair's Dmitry Netis maintains an Outperform rating on Finisar's stock with no...
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Finisar Is Oversold, Morgan Stanley Says In Upgrade
Thursday, April 5, 2018 - 1:47pm | 372Finisar Corporation (NASDAQ: FNSR)'s stock has lost around $10 per share over the past year — and its current valuation is not only attractive, but incorrectly implies the optical supplier has no catalysts ahead, Morgan Stanley said. The Analyst Morgan Stanley's Meta Marshall...
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5 Reasons B Riley Turned Bullish On II-VI
Tuesday, March 20, 2018 - 2:32pm | 367II-VI, Inc. (NASDAQ: IIVI), an electronic component manufacturing company, presented last week at the OFC Conference and management's takeaway in part helped turn B Riley bullish on the stock. The Analyst B Riley FBR's Dave Kang upgraded II-VI's stock from Neutral to Buy with a...
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Craig-Hallum: Lumentum's Oclaro Purchase Could Trigger Further M&A In Optical Sector
Tuesday, March 13, 2018 - 3:21pm | 357Lumentum Holdings Inc (NASDAQ: LITE) reached an agreement to acquire Oclaro Inc (NASDAQ: OCLR) in a deal that makes "strong strategic sense" for the companies and highlights the longer-term potential of the optical sector, according to Craig-Hallum Capital Group. The Analyst...
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Wall Street Debates: Should Finisar Investors Buy The Dip?
Friday, March 9, 2018 - 6:06pm | 655Finisar Corporation (NASDAQ: FNSR) reported fiscal third-quarter results after the close Thursday, earning 20 cents per share on revenue of $332.403 million against Wall Street expectations of 23 cents per share and $333.2 million. The optical communications company guided its fiscal fourth-...
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Morgan Stanley's Guide On How To Play The Optical Space
Friday, March 9, 2018 - 11:55am | 887The optical space boasts multiple demand drivers from facial recognition, telecom companies looking to expand bandwidth, and the industrial/semicap sectors requiring optical products, Morgan Stanley says. But at the same time the optical space has been challenged by fragmentation, a highly...
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Finisar Downgraded By Raymond James Before Thursday Q3 Report
Monday, March 5, 2018 - 12:55pm | 416Finisar Corporation (NASDAQ: FNSR) is scheduled to report third-quarter results Thursday that could show some price and margin compression, according to Raymond James. The Analyst Raymond James' Simon Leopold downgraded Finisar from Strong Buy to Outperform with a price target lowered...
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Applied Optoelectronics' 'Light' Q4, 'Soft' Guidance Keeps This Analyst On The Sidelines
Thursday, February 22, 2018 - 11:33am | 396Applied Optoelectronics Inc (NASDAQ: AAOI), a provider of fiber-optic networking products, reported fourth quarter results that came in mixed, but its first quarter revenue and sales guidance were both short of the Street's estimates. The stock fell more than 20 percent. The Analyst Loop...
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UBS Highlights Two Buys, One Sell In The Optics Sector
Wednesday, January 31, 2018 - 3:32pm | 432Analysts at Loop Capital Markets initiated coverage of the optics sector on Tuesday. Now analysts at UBS have followed suit, although not with a similar industrywide bullish stance. The Analyst UBS' Tejas Venkatesh initiated coverage of the following three stocks: Acacia Communications,...