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Ciena Benefits From Telecom And Cable Capex Trends, Says MKM Partners
Tuesday, February 27, 2018 - 4:06pm | 378Read More...Strong capex trends among U.S. service providers and strength in the Indian and Chinese telecom markets could drive Ciena Corporation (NYSE: CIEN) sales in 2018, according to MKM Partners. The Analyst Michael Genovese of MKM Partners reiterated a Buy rating and $28 price target on Ciena...
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Brightening The View On Lumentum, Analyst Upgrades To Buy
Wednesday, September 27, 2017 - 11:34am | 506Read More...MKM Partners upgraded shares of Lumentum Holdings Inc (NASDAQ: LITE), citing the current 3D strength and the expected 2018 optical improvement. As such, the firm upgraded shares of Lumentum from Neutral to Buy, with a $66 price target. At publication, Lumentum shares were rallying 7.14 percent...
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Cisco's Sell-Side Roundup: The Good And Bad In Q3, And What's Next
Friday, May 19, 2017 - 7:46am | 739Read More...Cisco Systems, Inc. (NASDAQ: CSCO)'s fiscal third-quarter earnings report and fourth-quarter guidance was alarming enough for investors to send the stock lower by more than 7 percent Thursday. Here is a summary of what some of Wall Street's most notable analysts are saying after the report...
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Ciena's Selloff Overdone; MKM Sees AT&T As Headwind, But Verizon As Driver
Thursday, March 9, 2017 - 10:09am | 289Read More...Shares of Ciena Corporation (NYSE: CIEN) slipped Wednesday after the company reported Q1 FY2017 revenues and EPS short of expectations. The selloff seems overdone, despite the decline in sales to AT&T Inc. (NYSE: T), especially with Verizon Communications Inc. (NYSE: VZ) expected to grow as a...
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Cisco Orders Weak In All Regions Outside The Americas; Does It Matter?
Thursday, February 16, 2017 - 3:56pm | 309Read More...Shares of Cisco Systems, Inc. (NASDAQ: CSCO) hit a new 52-week high of $33.97 on Thursday after the company reported its fiscal second-quarter results, which did contain a few concerning metrics. Michael Genovese of MKM Partners commented in a research report that Cisco's reported earnings per...
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Buy These 3 Issues On NeoPhotonics Dip, Says MKM Partners
Tuesday, December 20, 2016 - 1:28pm | 499Read More...MKM Partners recommended that investors buy shares of Finisar Corporation (NASDAQ: FNSR), Oclaro, Inc. (NASDAQ: OCLR) and Lumentum Holdings Inc (NASDAQ: LITE) following the weakness induced by the negative pre-announcement from NeoPhotonics Corp (NYSE: NPTN). Pre-Announcement Shares of Finisar,...
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One Bright Spot For Cisco Systems
Thursday, November 17, 2016 - 1:16pm | 316Read More...Following the release of fiscal year first quarter results by Cisco Systems, Inc. (NASDAQ: CSCO), MKM Partners highlighted security as one bright spot for the company. Security Business Fortified Analyst Michael Genovese noted that security sales rose 11 percent year-over-year to $540 million,...
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Broadcom Finds A Clever Way To Maintain M&A Strategy With Brocade Deal
Friday, November 4, 2016 - 8:45am | 477Read More...MKM Partners is positive on Broadcom Ltd (NASDAQ: AVGO)'s plans to acquire Brocade Communications Systems, Inc. (NASDAQ: BRCD) for $5.9 billion, or $12.75/share in cash, as it is in line with Broadcom’s strategy of selling high-value solutions to top OEMs. “With a Fibre-channel SAN...
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Oclaro Delivers A Clean Q1, Remains A Top Pick For Investors
Wednesday, November 2, 2016 - 11:45am | 348Read More...Shares of Oclaro, Inc. (NASDAQ: OCLR), a provider of optical components, modules and subsyterms, gained more than 7 percent after the company reported its first quarter earnings results after Tuesday's close. Michael Genovese of MKM Partners described the report as being "clean"...
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MKM Upgrades Finisar To Buy Following Q1 Beat, Solid Guidance
Friday, September 9, 2016 - 9:23am | 285Read More...Finisar Corporation (NASDAQ: FNSR) reported its Q1 2017 results meaningfully ahead of expectations, while issuing upbeat guidance for Q2. The stock is up more than 15 percent Friday morning. MKM Partners’ Michael Genovese upgraded the rating on the company to Buy, while raising the price...
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Oclaro Remains A Top Pick At MKM, Price Target Raised To $10
Thursday, September 1, 2016 - 4:10pm | 262Read More...Shares of Oclaro, Inc. (NASDAQ: OCLR) have more than tripled in price over the past year, widely outperforming all major stock indexes. However, after meeting with the company’s CEO and CFO, MKM Partners’ Managing Director Michael Genovese believes there's still room for upside...
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BlackBerry Device Sales Falling Faster Than Expected According To MKM
Friday, June 24, 2016 - 9:03am | 354Read More...BlackBerry Ltd (NASDAQ: BBRY) reported its 1QFY17 results similar to 4QFY16, with revenue significantly missing expectations, while the EPS and gross margin were better-than-expected, driven by lower opex and the revenue mix. MKM Partners’ Michael Genovese maintains a Neutral rating on the...
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Finisar Setting Up Strong Heading Into Earnings Release, MKM Says
Tuesday, June 14, 2016 - 4:05pm | 312Read More...The set up for Finisar Corporation (NASDAQ: FNSR) is favorable heading into its fourth quarter earnings report on June 16 on strong 100G products, according to a note from MKM Partners, which sees a potential trading opportunity. MKM says 100+G products accounts for approximately 20 percent of...
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MKM Reiterates Buy On Ciena Following 'Strong' Earnings
Monday, June 6, 2016 - 3:55pm | 233Read More...MKM Partners' Michael Genovese reiterated Ciena Corporation (NYSE: CIEN)'s Buy rating, holding his price objective of $26 after the company beat earnings and guidance estimates last week. "We are comfortable with Ciena's ability to expand margins over the next couple of years...
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Cisco Could Hit $32 After Earnings: MKM
Tuesday, August 11, 2015 - 2:05pm | 286Read More...Cisco Systems, Inc. (NASDAQ: CSCO) is scheduled to announce its fourth-quarter results on Wednesday after the market closes. Ahead of the release, MKM Partners’ Managing Director, Michael Genovese, and Research Associate, Michael Brockway, looked into the company and reiterate a Neutral...
