Finisar (NASDAQ: FNSR), DigitalGlobe Inc. (NYSE: DGI), Express, Inc. (NASDAQ: EXPR), Rue21 (NYSE: RUE), Semtech (NASDAQ: SMTC) and GeoEye (NASDAQ: GEOY) had price targets on them adjusted by analysts.
DigitalGlobe Inc. (DGI) had its price target lowered by Canaccord Genuity to $23.50.
Express, Inc. (EXPR) had its price target raised by Wedbush to $28.00.
Rue21 (RUE) had its price target lowered by Goldman Sachs (NYSE:GS) to $28.00.
Semtech (SMTC) had its price target lowered by Morgan Keegan to $29.00. They have an “Outperform” rating on the company.
Finisar (FNSR) had its price target lowered by Morgan Keegan to $23.25. They have an “Outperform” rating on the company.
GeoEye (GEOY) had its price target lowered by Canaccord Genuity to $22.00.
Showing posts with label Finisar. Show all posts
Showing posts with label Finisar. Show all posts
Friday, December 2, 2011
Tuesday, September 6, 2011
Valero (VLO) (DFS) (SCHW) (ESL) (HRB) (FL) (FNSR) EPS Estimates Changed
Valero Energy Co. (NYSE: VLO), Discover Financial Services (NYSE: DFS), Charles Schwab (NASDAQ: SCHW), Esterline Technologies Co. (NYSE: ESL), H&R Block, Inc. (NYSE: HRB), Foot Locker (NYSE: FL) and Finisar (NASDAQ: FNSR) EPS estimates adjusted by analysts.
Morgan Stanley (NYSE:MS) raised its EPS estimates on Valero Energy Co. (VLO). TheY have an “Equal Weight” rating and a price target of $29.00 on the company.
Credit Suisse (NYSE:CS) boosted its EPS estimates on Discover Financial Services (DFS). They have a “Neutral” rating and a price target of $28.00 on the company.
Goldman Sachs (NYSE:GS) increased its EPS estimates on Charles Schwab (SCHW). They have a “Neutral” rating and a price target of $14.00 on the company.
Credit Suisse lowered its EPS estimates on Esterline Technologies Co. (ESL). They have an “Outperform” rating and a price target of $87.00 on the company.
Oppenheimer cut its EPS estimates on H&R Block, Inc. (HRB). They have a “Market Perform” rating on the company.
UBS AG (NYSE:UBS) raised its EPS estimates on Foot Locker (FL). They have a “Neutral” rating and a price target of $22.00 on the company.
Morgan Stanley raised its EPS estimates on Finisar (FNSR). They have an “Overweight” rating and a price target of $22.00 on the company.
Morgan Stanley (NYSE:MS) raised its EPS estimates on Valero Energy Co. (VLO). TheY have an “Equal Weight” rating and a price target of $29.00 on the company.
Credit Suisse (NYSE:CS) boosted its EPS estimates on Discover Financial Services (DFS). They have a “Neutral” rating and a price target of $28.00 on the company.
Goldman Sachs (NYSE:GS) increased its EPS estimates on Charles Schwab (SCHW). They have a “Neutral” rating and a price target of $14.00 on the company.
Credit Suisse lowered its EPS estimates on Esterline Technologies Co. (ESL). They have an “Outperform” rating and a price target of $87.00 on the company.
Oppenheimer cut its EPS estimates on H&R Block, Inc. (HRB). They have a “Market Perform” rating on the company.
UBS AG (NYSE:UBS) raised its EPS estimates on Foot Locker (FL). They have a “Neutral” rating and a price target of $22.00 on the company.
Morgan Stanley raised its EPS estimates on Finisar (FNSR). They have an “Overweight” rating and a price target of $22.00 on the company.
Netflix (NFLX) (FNSR) (GPC) (MGLN) (ZQK) (CRM) Ratings Reiterated
Netflix, Inc. (NASDAQ: NFLX), Finisar (NASDAQ: FNSR), Genuine Parts Company (NYSE: GPC), Magellan Health Services Inc (NASDAQ: MGLN), Quiksilver, Inc. (NYSE: ZQK) and Salesforce.com (NYSE: CRM) had ratings on them reiterated by analysts.
Merriman Curhan Ford reiterated its "Neutral" rating on Netflix, Inc. (NFLX).
Piper Jaffray (NYSE:PJC) reiterated its "Overweight" rating on Finisar (FNSR).
Goldman Sachs (NYSE:GS) reiterated its "Sell" rating on Genuine Parts Company (GPC).
Bank of America Merrill Lynch (NYSE:BAC) reiterated its "Underperform" rating on Magellan Health Services Inc. (MGLN).
Piper Jaffray (NYSE:PJC) reiterated its "Overweight" rating on Quiksilver, Inc. (ZQK).
Morgan Keegan reiterated its "Outperform" rating on Salesforce.com (CRM).
Merriman Curhan Ford reiterated its "Neutral" rating on Netflix, Inc. (NFLX).
Piper Jaffray (NYSE:PJC) reiterated its "Overweight" rating on Finisar (FNSR).
Goldman Sachs (NYSE:GS) reiterated its "Sell" rating on Genuine Parts Company (GPC).
Bank of America Merrill Lynch (NYSE:BAC) reiterated its "Underperform" rating on Magellan Health Services Inc. (MGLN).
Piper Jaffray (NYSE:PJC) reiterated its "Overweight" rating on Quiksilver, Inc. (ZQK).
Morgan Keegan reiterated its "Outperform" rating on Salesforce.com (CRM).
Friday, September 2, 2011
Charles Schwab (SCHW) (FL) (FNSR) (GS) (HRB) (PRSP) Estimates Changed
Charles Schwab (NYSE:SCHW), Foot Locker (NYSE:FL), Finisar (NASDAQ:FNSR), Goldman Sachs (NYSE:GS), H&R Block (NYSE:HRB) and Prosperity Bancshares (NASDAQ:PRSP) estimates adjusted by analysts.
Goldman Sachs raised its estimates on Charles Schwab (SCHW) through 2013. They have a "Neutral" rating and a price target of $14 on the company.
UBS (NYSE:UBS) raised its estimates on Foot Locker (FL). They have a "Neutral" rating and price target of $22 on the company.
Morgan Stanley (NYSE:MS) boosted its estimates on Finisar (FNSR) through 2014. They have an "Overweight" rating and price target of $22 on the company.
Credit Suisse (NYSE:CS) lowered its estimates on Goldman Sachs (GS) through 2013. They have an "Outperform" rating and price target of $170 on the company.
Oppenheimer cut its estimates on H&R Block (HRB) through 2012. They reiterated a "Perform" rating on the company.
Sterne Agee lowered it estimates on Prosperity Bancshares (PRSP) through 2013. They cited valuation as the catalyst behind the call. They have a "Neutral" rating on the company.
Goldman Sachs raised its estimates on Charles Schwab (SCHW) through 2013. They have a "Neutral" rating and a price target of $14 on the company.
UBS (NYSE:UBS) raised its estimates on Foot Locker (FL). They have a "Neutral" rating and price target of $22 on the company.
Morgan Stanley (NYSE:MS) boosted its estimates on Finisar (FNSR) through 2014. They have an "Overweight" rating and price target of $22 on the company.
Credit Suisse (NYSE:CS) lowered its estimates on Goldman Sachs (GS) through 2013. They have an "Outperform" rating and price target of $170 on the company.
Oppenheimer cut its estimates on H&R Block (HRB) through 2012. They reiterated a "Perform" rating on the company.
Sterne Agee lowered it estimates on Prosperity Bancshares (PRSP) through 2013. They cited valuation as the catalyst behind the call. They have a "Neutral" rating on the company.
Wednesday, July 27, 2011
Finisar (FNSR) (VLTR) (EGP) (NMM) (PLXT) (RSTI) Upgraded
Finisar (NASDAQ: FNSR), Volterra Semi (NASDAQ: VLTR), EastGroup Properties Inc. (NYSE: EGP), Navios Maritime Partners L.P. (NYSE: NMM), PLX Technology Inc (NASDAQ: PLXT) and Rofin-Sinar Technologies (NASDAQ: RSTI) upgraded by analysts.
EastGroup Properties Inc. (EGP) was upgraded by Robert W. Baird from a “Neutral” rating to an “Outperform” rating. They have a price target of $50.00 on the company, up from $47.00.
Finisar (FNSR) was upgraded by Citigroup (NYSE:C) from a “Hold” rating to a “Buy” rating.
Navios Maritime Partners L.P. (NMM) was upgraded by Deutsche Bank (NYSE:DB) from a “Hold” rating to a “Buy” rating.
PLX Technology Inc. (PLXT) was upgraded by Craig Hallum from a “Hold” rating to a “Buy” rating.
Rofin-Sinar Technologies (RSTI) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $41.00 on the company.
Volterra Semi (VLTR) was upgraded by Piper Jaffray (NYSE:PJC) from a “Neutral” rating to an “Overweight” rating.
EastGroup Properties Inc. (EGP) was upgraded by Robert W. Baird from a “Neutral” rating to an “Outperform” rating. They have a price target of $50.00 on the company, up from $47.00.
Finisar (FNSR) was upgraded by Citigroup (NYSE:C) from a “Hold” rating to a “Buy” rating.
Navios Maritime Partners L.P. (NMM) was upgraded by Deutsche Bank (NYSE:DB) from a “Hold” rating to a “Buy” rating.
PLX Technology Inc. (PLXT) was upgraded by Craig Hallum from a “Hold” rating to a “Buy” rating.
Rofin-Sinar Technologies (RSTI) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $41.00 on the company.
Volterra Semi (VLTR) was upgraded by Piper Jaffray (NYSE:PJC) from a “Neutral” rating to an “Overweight” rating.
Monday, March 21, 2011
Opticals (JDSU) (FNSR) (OPXT) Correction Will Continue
Finisar (NASDAQ:FNSR), JDS Uniphase (NASDAQ:JDSU) and Opnext (NASDAQ:OPXT), among other optical companies will continue to experience a correction at minimum until the end of summer, according to Stifel Nicolaus analyst Ajit Pai.
Pai said that “the inventory correction and slowdown for the optical communications industry is likely to last at least until the end of the summer.”
While the Japan disaster won't won't affect demand in the industry, it will have an effect on making the slowdown worse because of increased uncertainty in general, added Pai, citing “rising inflation in emerging markets” and “uncertainty regarding upgrade/deployment plans at developed world tier one carriers.”
Pai estimates EPS for Finisar of $1.54 in the fiscal year ending in April, down 2 cents from his prior estimate, and $1.70 for 2012, down 8 cents. His price target on the company was lowered from $39 to $34.
For JDSU’s fiscal year ending in June 2011, Pai sees the company making 95 cents a share in 2011, down from 99 cents before, and $1.20 for 2012.
He maintains a "Buy" on Finisar and JDSU,, saying the long-term these remains in place for both of them.
JDS Uniphase closed Friday at $18.93, dropping $1.23, or 6.10 percent. Opnext closed at $2.25, down $0.16, or 6.64 percent. Finisar closed at $21.14, falling $0.70, or 3.21 percent.
Pai said that “the inventory correction and slowdown for the optical communications industry is likely to last at least until the end of the summer.”
While the Japan disaster won't won't affect demand in the industry, it will have an effect on making the slowdown worse because of increased uncertainty in general, added Pai, citing “rising inflation in emerging markets” and “uncertainty regarding upgrade/deployment plans at developed world tier one carriers.”
Pai estimates EPS for Finisar of $1.54 in the fiscal year ending in April, down 2 cents from his prior estimate, and $1.70 for 2012, down 8 cents. His price target on the company was lowered from $39 to $34.
For JDSU’s fiscal year ending in June 2011, Pai sees the company making 95 cents a share in 2011, down from 99 cents before, and $1.20 for 2012.
He maintains a "Buy" on Finisar and JDSU,, saying the long-term these remains in place for both of them.
JDS Uniphase closed Friday at $18.93, dropping $1.23, or 6.10 percent. Opnext closed at $2.25, down $0.16, or 6.64 percent. Finisar closed at $21.14, falling $0.70, or 3.21 percent.
Thursday, March 10, 2011
Finisar (FNSR), Ciena (CIEN), JDS Uniphase (JDSU), Oclaro (OCLR) Crunched Wednesday on Low Guidance
With the optical sector being extremely volatile, when one company announces something important, the rest usually will rise or fall on that news, as Ciena (NASDAQ:CIEN), JDS Uniphase (NASDAQ:JDSU) and Oclaro (NASDAQ:OCLR) did when Finisar (NASDAQ:FNSR) lowered their guidance recently.
Optical-networking companies got hit hard Wednesday, with Finisar Corp. (FNSR) leading the disaster. Finisar’s shares closed with a loss of $15.43,or 38.5%, at $24.61 in the heels of the company’s weaker-than-expected fourth-quarter forecast.
Finisar said it expects to earn 31 cents to 35 cents a share on revenue of $235 million to $250 million. Analysts surveyed by Thomson Reuters had forecast a profit of 48 cents a share on $268.6 million in sales for that quarter.
Oclaro closed Wednesday at $13.53, losing $3.09, or 18.59 percent. Ciena closed at $24.33, down $1.35, or 5.27 percent. JDS Uniphase closed at $21.14, plunging $4.24, or 16.71 percent. Finisar ended the session at $24.61, down $15.43, or 38.54 percent.
Optical-networking companies got hit hard Wednesday, with Finisar Corp. (FNSR) leading the disaster. Finisar’s shares closed with a loss of $15.43,or 38.5%, at $24.61 in the heels of the company’s weaker-than-expected fourth-quarter forecast.
Finisar said it expects to earn 31 cents to 35 cents a share on revenue of $235 million to $250 million. Analysts surveyed by Thomson Reuters had forecast a profit of 48 cents a share on $268.6 million in sales for that quarter.
Oclaro closed Wednesday at $13.53, losing $3.09, or 18.59 percent. Ciena closed at $24.33, down $1.35, or 5.27 percent. JDS Uniphase closed at $21.14, plunging $4.24, or 16.71 percent. Finisar ended the session at $24.61, down $15.43, or 38.54 percent.
Wednesday, March 9, 2011
IBM (IBM) Lifts Dow Up, NASDAQ Not so Lucky
The Dow rebounded on Wednesday with a jump in IBM's (NYSE:IBM) stock on its 2015 outlook, but the Nasdaq fell as a weaker-than-expected earnings target from Texas Instruments (NYSE:TXN) weighed on the chip sector.
Rising oil prices dragged on the broader market on the two-year anniversary of stocks' bull run from the S&P 500's 12-1/2-year closing low of 676.53, which was sparked by the financial crisis.
The Dow bounced back from a session low and reclaimed a slim gain as buyers snapped up shares of International Business Machines Corp, driving it up 2.7 percent to $166.59. Earlier, IBM climbed to an intraday high of $167.72 after a host of analysts raised their target price on the stock. A day earlier, the tech giant reaffirmed its 2015 earnings target.
But the Nasdaq couldn't overcome the drag from the chip makers, with an index of semiconductor shares (Nasdaq:^SOX - News) down 2.3 percent and trading below its 50-day moving average in another sign of weakness for the sector.
Texas Instruments shares fell 2.7 percent to $34.87, a day after the company gave a current-quarter earnings estimate below Wall Street's estimates.
Tech shares also felt the weight of Finisar Corp (NASDAQ:FNSR), which plunged 36.1 percent to $25.62 after the network equipment maker projected a dismal fourth quarter, blaming an inventory pile-up by telecommunications equipment makers in China.
IBM was trading at $166.74, gaining $4.46, or 2.75 percent, as of 12:59 PM EST.
Source
Rising oil prices dragged on the broader market on the two-year anniversary of stocks' bull run from the S&P 500's 12-1/2-year closing low of 676.53, which was sparked by the financial crisis.
The Dow bounced back from a session low and reclaimed a slim gain as buyers snapped up shares of International Business Machines Corp, driving it up 2.7 percent to $166.59. Earlier, IBM climbed to an intraday high of $167.72 after a host of analysts raised their target price on the stock. A day earlier, the tech giant reaffirmed its 2015 earnings target.
But the Nasdaq couldn't overcome the drag from the chip makers, with an index of semiconductor shares (Nasdaq:^SOX - News) down 2.3 percent and trading below its 50-day moving average in another sign of weakness for the sector.
Texas Instruments shares fell 2.7 percent to $34.87, a day after the company gave a current-quarter earnings estimate below Wall Street's estimates.
Tech shares also felt the weight of Finisar Corp (NASDAQ:FNSR), which plunged 36.1 percent to $25.62 after the network equipment maker projected a dismal fourth quarter, blaming an inventory pile-up by telecommunications equipment makers in China.
IBM was trading at $166.74, gaining $4.46, or 2.75 percent, as of 12:59 PM EST.
Source
Blood in the Streets for (JDSU) (OCLR) (OPLK) (CIEN) (INFN) After Finisar (FNSR) Earnings Warning
Shares of JDS Uniphase Corporation (Nasdaq:JDSU), Oclaro, Inc. (Nasdaq:OCLR), Oplink Communications Inc. (Nasdaq:OPLK), CIENA Corp. (Nasdaq:CIEN) and Infinera Corp. (Nasdaq:INFN) are getting crushed today on the weak earnings guidance of Finisar Corp. (Nasdaq:FNSR).
While the third quarter results of Finisar were in line with expectations, its fourth quarter earnings guidance of $0.31-$0.35 was so far below analyst estimates of $0.48 a share that it spoke of probably sector problems.
Finisar said, "the Company will be impacted by the full three months of the annual price negotiations with telecom customers that typically take effect on January 1, the 10-day long shutdown at certain customers for Chinese New Year in February, the adjustment of inventory levels at some telecom customers, particularly for products which had previously been on allocation and long lead times, including WSS and ROADM line cards, and a slowdown in business in China overall."
JDS Uniphase Corporation was trading at $22.31, falling $3.07, or 12.10 percent, as of 11:48 AM EST. Oclaro was at $13.86, dropping $2.76, or 16.61 percent. Infinera Corp. was at $8.15, down $0.20, or 2.40 percent, recovering some from earlier in the session. CIENA Corp. was trading at $24.75, losing $0.93, or 3.63 percent. Oplink Communications Inc. was down to $21.79, plunging $3.83, or 14.95 percent. Finisar was getting crushed at $25.67, down $14.37, or 35.89 percent.
While the third quarter results of Finisar were in line with expectations, its fourth quarter earnings guidance of $0.31-$0.35 was so far below analyst estimates of $0.48 a share that it spoke of probably sector problems.
Finisar said, "the Company will be impacted by the full three months of the annual price negotiations with telecom customers that typically take effect on January 1, the 10-day long shutdown at certain customers for Chinese New Year in February, the adjustment of inventory levels at some telecom customers, particularly for products which had previously been on allocation and long lead times, including WSS and ROADM line cards, and a slowdown in business in China overall."
JDS Uniphase Corporation was trading at $22.31, falling $3.07, or 12.10 percent, as of 11:48 AM EST. Oclaro was at $13.86, dropping $2.76, or 16.61 percent. Infinera Corp. was at $8.15, down $0.20, or 2.40 percent, recovering some from earlier in the session. CIENA Corp. was trading at $24.75, losing $0.93, or 3.63 percent. Oplink Communications Inc. was down to $21.79, plunging $3.83, or 14.95 percent. Finisar was getting crushed at $25.67, down $14.37, or 35.89 percent.
Buy Finisar (FNSR) Says Stifel Nicolaus
Even after the shares of Finisar Corp. (NASDAQ:FNSR) are getting hammered after their anemic guidance for the quarter, Stifel Nicolaus analyst Ajit Pai still has a "Buy" rating on the company.
Pai said, “FNSR remains one of the key beneficiaries of rebounding carrier spending to address bandwidth and QoS requirements as well as ramping technology adoption for increasingly agile and higher data rate (40G+) networks."
The analyst lowered his full-year estimates for earnings of $1.78 a share on sales of $1.08 billion, down from a former outlook of $2.08 a share and $1.15 billion.
Other optical stocks were getting punished as well.
Finisar was trading at $25.65, plummeting $14.39, or 35.94 percent, as of 11:38 AM EST.
Pai said, “FNSR remains one of the key beneficiaries of rebounding carrier spending to address bandwidth and QoS requirements as well as ramping technology adoption for increasingly agile and higher data rate (40G+) networks."
The analyst lowered his full-year estimates for earnings of $1.78 a share on sales of $1.08 billion, down from a former outlook of $2.08 a share and $1.15 billion.
Other optical stocks were getting punished as well.
Finisar was trading at $25.65, plummeting $14.39, or 35.94 percent, as of 11:38 AM EST.
Monday, December 13, 2010
CIENA (NASDAQ:CIEN), Finisar (Nasdaq:FNSR), Oclaro (Nasdaq:OCLR) PTs Raised by Miller Tabak
Citing the strong performance of Ciena (NASDAQ:CIEN) in the last quarter, Miller Tabak raised their price target on them, along with peers Finisar (Nasdaq:FNSR) and Oclaro (Nasdaq:OCLR).
For Ciena, Miller Tabak also upwardly changed their EPS and revenue estimates for full year 2011 and 2012. The new numbers are $0.12/$1.85 billion and $1.30/$2.3 billion from $0.50/$1.79M billion and $1.25/$2.1 billion.
Ciena closed Friday at $19.21, up $0.85, or 4.63 percent. The price target on them was raised from $20 to $22. Miller maintains a "Buy" rating on them.
Finisar closed at $25.33, up $0.19, or 0.76 percent. The price target on them was raised by Miller Tabak from $27 to $35.
Oclaro closed at $12.65, up $0.60, or 4.96 percent. Their price target was raised from $16 to $20.
For Ciena, Miller Tabak also upwardly changed their EPS and revenue estimates for full year 2011 and 2012. The new numbers are $0.12/$1.85 billion and $1.30/$2.3 billion from $0.50/$1.79M billion and $1.25/$2.1 billion.
Ciena closed Friday at $19.21, up $0.85, or 4.63 percent. The price target on them was raised from $20 to $22. Miller maintains a "Buy" rating on them.
Finisar closed at $25.33, up $0.19, or 0.76 percent. The price target on them was raised by Miller Tabak from $27 to $35.
Oclaro closed at $12.65, up $0.60, or 4.96 percent. Their price target was raised from $16 to $20.
Subscribe to:
Posts (Atom)