|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||68.85 - 71.00|
|52-week range||40.35 - 74.40|
|PE ratio (TTM)||42.89|
|Earnings date||2 May 2018 - 7 May 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||80.69|
The development of new features for the estimated 1.5 billion smart phones shipped annually has been at the heart of the battle for global market share over the past decade, with Apple, bolstered by its huge R&D budget, often leading. When the iPhone 5S launched with a fingerprint-sensing home button in September 2013, for example, it took its biggest rival Samsung until just April of the next year to deliver its own in the Galaxy S5, with others following soon after.
Finisar continues to be the consensus bet for a company in the optical-fiber sector to make acquisitions, experts say.
Canada Goose is one among a decent number of new IPOs flourishing in the current stock market uptrend.
One analyst believes the $1.8 billion deal may spark an era of consolidation in the field of fiber-optic communications.
Lumentum Holdings (LITE) this morning said it will purchase Oclaro (OCLR) for $9.99 per share in cash and stock, including $5.60 a share and 0.0636 of a share of Lumentum for each Oclaro share. Oclaro stock is up $2.16, or 27%, at $10.01, Lumentum is up $3.59, or 5%, at $72.55, and Finisar (FNSR), Lumentum’s biggest competitor, is up $1.18, or 6%, at $20.49, a reprieve from a rough week of earnings news and downgrades last week. Acacia Communications (ACIA) is up $2.64, or 6%, at $44.87, and NeoPhotonics (NPTN) is up 52 cents, over 7%, at $7.69. One of the only down names is Fabrinet (FN), down $1.26, or almost 4%, at $32.58.
Lumentum Holdings (LITE) this morning said it will purchase Oclaro (OCLR) for $9.99 per share in cash and stock, including $5.60 a share and 0.0636 of a share of Lumentum for each Oclaro share. Seems consolidation is something everyone likes: Oclaro stock is up $2.15, or 27%, at $10. Lumentum is up $5.38, or 8%, at $74.35.
Shares of Oclaro Inc. soared 23% in premarket trade Monday after the optical components company agreed to be acquired by Lumentum Holdings Inc. in a deal valued at $1.8 billion. Under terms of the deal, ...
Finisar earnings call commentary signaled that Apple's new iPhones later this year will have more 3D sensors, an analyst said.
President Trump will meet with North Korea's Kim Jong Un, citing "great progress." The S&P 500 is approaching a key technical level.
Shares of fiber-optic component maker Finisar (FNSR) are down $1.30, or over 6%, at $18.92, in late trading, after the company this afternoon reported fiscal Q3 revenue and profit that slightly missed analysts’ expectations, and forecast this quarter’s results below consensus, saying its sales continue to be suppressed by weaker buying among telecom operators. Analysts had, on average, been modeling $333 million in revenue and 23 cents per share in earnings.
In advance of the Optical Networking and Communication conference taking place next week in San Diego, California, Needham & Co.’s Alex Henderson today reiterates a Strong Buy rating on shares of Lumentum Holdings (LITE), and an $80 price target, after visiting with the company and coming away encouraged on several fronts, especially the market for “3-D sensing,” the technology making possible augmented reality. Henderson writes that he learned of good trends in several parts of the business, with “pump laser demand slightly outstripping supply,” and “industrial lasers strong with good visibility Ito the back half." For the China market, a source of concern for all optical vendors the past year or more, there’s the makings of a “normalization” this year, and parts of Lumentum’s business such as pump lasers and “reconfigurable add-drop multiplexers,” or ROADMs, may be bouncing back faster than things such as tunable lasers, he learned.
Here are some some things going on today in your world of tech: Just a few hours before the close of the Mobile World Congress in Barcelona, the sun finally came out. Shares of cloud computing pioneer Box (BOX) are down $4.27, or almost 18%, at $19.79, compounding last night's after-hours losses, after the company yesterday afternoon reported fiscal Q4 results that beat, but missed with its forecast for the quarter and the year. CEO and co-founder Aaron Levie told Barron’s that the "leading indicators” — things such as number of large deals signed last quarter — indicate the company can "re-acclerate” its revenue growth.
Disappointing guidance from Acacia Communications late Thursday added to Applied Optoelectronics below-the-street March quarter outlook.
Supply-chain rumors indicate that Apple could kill the device, but that seems quite unlikely given its effect on average selling prices of iPhones.
Two of the fiber-optic networking expert's sector peers reported strong results, showing signs of an end to last year's biggest headwinds.
Shares in optical device makers popped Tuesday on views that Oclaro's outlook could have signaled that the sector's downturn may bottom out in early 2018.
Lumentum jumped after forecasting second-half 2018 3D sensor shipments that one observer says bode well for Apple iPhone sales.