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TIA Interim Head Clark's View Of 3PL Tech Reflects 40 Years Of Dealing With It
Tuesday, July 21, 2020 - 2:38pm | 815Doug Clark is the interim president of the Transportation Intermediaries Association (TIA), a job he took with the perspective of somebody who has seen it all in more than 40 years in the industry. In his fireside chat with FreightWaves President George Abernathy as part of the FreightWaves 3PL...
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Goldman Sachs Upgrades Fortune Brands, Downgrades Jeld-Wen In Building Products Pair Trade
Monday, December 10, 2018 - 4:24pm | 699Investor sentiment for the housing market is pointing to consistently growing "angst" throughout 2018, and the now "lumpy" housing market should persist in the medium-term, according to Goldman Sachs. Investment opportunities remain in the sector, but they must be carefully...
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Here's Why Goldman Upgraded Adtran Despite Near-Term Risks
Tuesday, January 16, 2018 - 4:28pm | 503Shares of ADTRAN, Inc. (NASDAQ: ADTN), a small-cap provider of networking and communications equipment, have lost more than 15 percent over the past three months. While the stock has a "heightened degree of uncertainty" and more near-term downside, according to Goldman Sachs, the firm...
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Finisar Drops After Goldman Sachs Downgrade On 'Cyclical Risks,' Company Pressures
Tuesday, January 16, 2018 - 4:11pm | 364Finisar Corporation (NASDAQ: FNSR) shares fell Tuesday as Goldman Sachs downgraded the optical communication components manufacturer, expressing a skeptical 2018 outlook for the company. The Analyst Analyst Doug Clark downgraded Finisar from Neutral to Sell and lowered the price target...
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Analyst: Ciena Benefits From Carrier Capex Outlook, Improving Competitive Environment
Tuesday, January 16, 2018 - 3:29pm | 418With Ciena Corporation (NYSE: CIEN) and other optical peers navigating a maturing optical market in 2017, the decks are now cleared for outperformance over the next year, according to Goldman Sachs. The Analyst Goldman Sachs analyst Doug Clark upgraded Ciena from Neutral to Buy and...
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2 Reasons Goldman Downgraded Finisar
Tuesday, November 7, 2017 - 1:20pm | 359Finisar Corporation (NASDAQ: FNSR)'s 2017 performance has been highlighted by multiple delays in product ramps, including VCSELs for 3D sensing that's being included in Apple Inc. (NASDAQ: AAPL)'s iPhone. The Analyst Goldman Sachs' Doug Clark. The Rating Clark downgraded Finisar...
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Goldman On Optical Stocks: Infinera And Lumentum Upgraded, Ciena Downgraded
Thursday, March 16, 2017 - 9:52am | 543Goldman Sachs has revised its ratings on optical stocks by upgrading Infinera Corp. (NASDAQ: INFN) to Buy and Lumentum Holdings Inc (NASDAQ: LITE) to Neutral. The brokerage downgraded Ciena Corporation (NYSE: CIEN) to Neutral. Infinera Upgrade Analyst Doug Clark says Infinera’s a suite of...
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Goldman Demotes Corning From Conviction Buy, But Supply & Demand Dynamics Remain Healthy
Wednesday, November 2, 2016 - 9:34am | 301Goldman Sachs has removed Corning Incorporated (NYSE: GLW) from its Conviction Buy List, as the company moves past the restocking phase of cyclical recovery in the glass market. However, the brokerage retained its Buy rating and sees 20 percent potential upside to its unchanged price target of $27...
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Aerohive Networks' Investors Stung By Negative Preannouncement; Shares Plunge
Friday, October 14, 2016 - 10:27am | 366Shares of Aerohive Networks Inc (NYSE: HIVE) plunged 22 percent in the pre-market hours after the company cut its third-quarter revenue/EPS outlook and provided fourth-quarter guidance, which also came in well below expectations. Goldman Sachs, which has a Neutral rating on the stock, cut its price...
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Goldman On Acacia Communications: 'Disrupting Optical,' But Initiates With Neutral
Tuesday, June 7, 2016 - 9:33am | 262Acacia Communications, Inc. (NASDAQ: ACIA) is a “highly disruptive optical component vendor, the first with a commercially available silicon photonics for telecom markets,” Goldman Sachs’ Doug Clark said in a report. He initiated coverage of the company with a Neutral rating and...
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Goldman Removes Infinera From 'Sell' List, Upgrades To Neutral
Friday, April 15, 2016 - 8:46am | 207Infinera Corp. (NASDAQ: INFN) shares are down 17 percent year-to-date. Goldman Sachs’ Doug Clark upgraded the rating for the company from Sell to Neutral, citing the recent pullback in shares. The price target has been maintained at $16. Limited Downside To Valuation Since being added...
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Goldman Sees A Cyclical Bottom In Glass/TV Industry Approaching, Upgrades Corning
Tuesday, April 12, 2016 - 10:32am | 294Corning Incorporated (NYSE: GLW) now faces a cyclical bottoming of the TV supply chain. Goldman Sachs’ Doug Clark upgraded the rating for the company from Neutral to Buy, while raising the price target from $19 to $26. The TV supply chain approaching a cyclical bottom presents a good time...