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Merger In The Optical Space: II-VI To Buy Finisar In $3.2B Deal
Friday, November 9, 2018 - 10:01am | 377Engineered materials and optoelectronic components company II-VI, Inc. (NASDAQ: IIVI) reached an agreement to acquire Finisar Corporation (NASDAQ: FNSR), a fellow optical communications company, for $3.2 billion. What Happened II-VI said in a press release it will acquire Finisar through a...
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Applied Optoelectronics Cuts Sales Guidance; Raymond James Remains Bullish
Friday, September 28, 2018 - 11:34am | 466Applied Optoelectronics Inc (NASDAQ: AAOI) lowered its third-quarter revenue estimates as part of an earnings pre-announcement. What Happened Applied Optoelectronics said it has identified a particular issue with some of its 25G lasers within one specific customer environment. The company and its...
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Applied Optoelectronics Has Product Quality, Pricing Concerns, Loop Capital Says In Downgrade
Thursday, September 27, 2018 - 10:36am | 384Applied Optoelectronics Inc (NASDAQ: AAOI) has two problems that warrant a bearish stance on the stock, according to Loop Capital Markets' firsthand checks within the optoelectronics sector. The Analyst Analyst James Kisner downgraded Applied Optoelectronics from Hold to Sell...
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B. Riley Downgrades Fabrinet, II-VI, Says Optical Companies 'Will Suffer The Consequences' Of Tariffs
Tuesday, September 4, 2018 - 3:20pm | 475Shares of optical technology companies Fabrinet (NYSE: FN) and II-VI Inc. (NASDAQ: IIVI) were slipping Tuesday after B. Riley FBR downgraded the stocks due to macroeconomic uncertainty and valuation reasons. The Analyst B. Riley Financial analyst Dave Kang downgraded Fabrinet from Buy to...
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Bank of America Downgrades Acacia On Valuation, Competition
Friday, August 24, 2018 - 3:19pm | 378One day after Piper Jaffray upgraded Acacia Communications, Inc. (NASDAQ: ACIA) to a bullish rating, Bank of America downgraded the optical stock to a bearish rating. The Analyst Bank of America's Tal Liani downgraded Acacia Communications from Neutral to Underperform with an unchanged $37...
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Piper Jaffray Brightens On Finisar, Acacia Communications
Thursday, August 23, 2018 - 12:44pm | 621Raymond James downgraded Finisar Corporation (NASDAQ: FNSR) Wednesday, but Piper Jaffray has a different take and upgraded the optical name along with its peer Acacia Communications, Inc. (NASDAQ: ACIA). The Analyst Piper Jaffray's Troy Jensen upgraded Finisar from Neutral to...
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IIVI Investors Should Take 'A Breather,' Morgan Stanley Says In Downgrade
Monday, July 2, 2018 - 2:44pm | 393II-VI, Inc. (NASDAQ: IIVI) remains a "premier business with premium valuation," but the stock's recent move higher implies that now is a good time for investors to stay neutral, according to Morgan Stanley. The Analyst Morgan Stanley's Meta Marshall downgraded IIVI from...
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Morgan Stanley: Despite Finisar's Weak Q4 Report, Outlook Remains 'Positive'
Friday, June 15, 2018 - 11:22am | 418Optoelectronics company Finisar Corporation (NASDAQ: FNSR) reported Thursday afternoon with disappointing fiscal fourth-quarter results, but that shouldn't alter the bullish long-term thesis, according to Morgan Stanley. The Analyst Morgan Stanley's Meta Marshall maintains an...
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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: 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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Opticals Taking Back Lost Market Share, According To Rosenblatt
Wednesday, April 11, 2018 - 12:07pm | 401The optical market has undergone "interesting changes" and companies like Applied Optoelectronics Inc (NASDAQ: AAOI) could rebound. The Analyst Rosenblatt Securities' Jun Zhang. The Thesis Zhang's research in the optical market suggests Applied Optoelectronics gained...
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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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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...