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FNSR

Finisar

$25.64

0.38 (1.50%)

, OCLR

Oclaro

$9.54

-0.19 (-1.95%)

18:05
06/15/17
06/15
18:05
06/15/17
18:05

Optical stocks reverse after Finisar commnents during conference call

FNSR

Finisar

$25.64

0.38 (1.50%)

OCLR

Oclaro

$9.54

-0.19 (-1.95%)

AAOI

Applied Optoelectronics

$62.23

1.28 (2.10%)

LITE

Lumentum

$61.55

-0.6 (-0.97%)

NPTN

NeoPhotonics

$8.85

-0.07 (-0.78%)

VIAV

Viavi

$11.04

-0.01 (-0.09%)

  • 15

    Jun

  • 21

    Jun

  • 22

    Jun

FNSR Finisar
$25.64

0.38 (1.50%)

06/08/17
RSBL
06/08/17
NO CHANGE
RSBL
Finisar could see impact from Huawei price cuts, says Rosenblatt
Rosenblatt thinks there was a CFP2 price cut of more than 20% at Huawei, which would largely impact Finisar (FNSR) with share declines of 10%-25%. The firm's analyst also said Lumentum (LITE) could win more market shares with an aggressive pricing strategy and will likely see a smaller impact.
06/12/17
JEFF
06/12/17
NO CHANGE
Target $34
JEFF
Buy
Finisar line card still not qualified at Verizon, says Jefferies
Jefferies analyst James Kisner says he's a buyer of Finisar (FNSR) ahead of the company's Q4 results after his channel checks suggested "very strong demand" for Datacom optics. His checks, however, also indicated that Finisar still isn't qualified at Verizon (VZ) for its ROADM line card. The analyst lowered his July quarter earnings per share estimate to 52c, below the consensus of 59c, to reflect "clear public datapoints" suggesting no recovery of China near-term and no benefits in the quarter from ROADM at Verizon. Nonetheless, Kisner believes Finisar's guidance could be better than feared and he sees low expectations into the print. The analyst keeps a Buy rating on Finisar with a $34 price target.
06/12/17
CHLM
06/12/17
NO CHANGE
Target $38
CHLM
Buy
Finisar near-term estimates lowered due to China exposure at Craig-Hallum
Craig-Hallum analyst Richard Shannon lowered his estimates for the next two quarters to be reported by Finisar to account for weakness in China, but he also believes this weakness has already been factored into the stock. He still sees Finisar's risk/reward as favorable at current levels, given the stock has the "cheapest" valuation in the optical space and the fact that he feels "highly confident" that 3D sensing is coming to the mobile market in the second half in a "material" way. Shannon keeps a Buy rating and $38 price target on Finisar.
06/13/17
PIPR
06/13/17
NO CHANGE
Target $32
PIPR
Overweight
Finisar shares already pricing in China weakness, says Piper Jaffray
Piper Jaffray analyst Troy Jensen expects Finisar's April quarter results and guidance on Thursday to come in below consensus due to sustained weakness in China. This should not come as a surprise to investors, Jensen tells investors in a pre-earnings research note. He believes China weakness is already factored into the current stock price and that potential commentary regarding 3D sensing demand could "propel the stock higher." Jensen lowered his price target for Finisar shares to $32 from $35 and reiterates an Overweight rating on the name.
OCLR Oclaro
$9.54

-0.19 (-1.95%)

05/22/17
RSBL
05/22/17
NO CHANGE
RSBL
China Telecom has begun work on Metro upgrade plan, says Rosenblatt
Rosenblatt Securities said China Telecom (CHA) has begun work on its Metro upgrade plan and the firm believes it will release tenders for both provincial and Metro in the timeframe of September to October. Companies in the optical equipment space that could benefit from China's upgrade cycle include Oclaro (OCRL), Finisar (FNSR), Lumentum (LITE), NeoPhotonics (NPTN), Acacia Communications (ACIA) and Viavi (VIAV).
05/22/17
JEFF
05/22/17
NO CHANGE
JEFF
Buy
China Mobile build-out good news for Oclaro, says Jefferies
Jefferies analyst James Kisner points out that China Mobile last night selected vendors for the build-out of its Packet Transport Network, with 70% going to ZTE and the balance to Huawei. The news is particularly good for Oclaro (OCLR), which has significant exposure to ZTE, Kisner tells investors in a research note. It also bodes well for a recovery of telecom and networking equipment demand in China, which is positive for Finisar (FNSR) and Lumentum (LITE), the analyst adds. Kisner has Buy ratings on all three stocks.
06/12/17
NEED
06/12/17
NO CHANGE
Target $14
NEED
Strong Buy
Oclaro tone sounded 'more cautious' at recent meeting, says Needham
Needham analyst Alex Henderson keeps a Strong Buy rating and $14 price target on Oclaro after hosting a recent meeting with the company's management, though he notes that the company's leaders sounded "modestly more cautious" on the outlook for China. Oclaro reiterated it believes China will be flat to down sequentially throughout 2017 and also is stating China could be flat to down in 2018, according to Henderson, who added that Oclaro sounded more cautious than the other optical space players.
05/17/17
RSBL
05/17/17
INITIATION
Target $12
RSBL
Buy
Oclaro initiated with a Buy at Rosenblatt
Rosenblatt analyst Jun Zhang started Oclaro earlier with a Buy rating and $12 price target.
AAOI Applied Optoelectronics
$62.23

1.28 (2.10%)

06/02/17
PIPR
06/02/17
NO CHANGE
Target $85
PIPR
Overweight
Applied Optoelectronics price target raised to $85 from $65 at Piper Jaffray
Piper Jaffray analyst Troy Jensen raised his price target for Applied Optoelectronics (AAOI) to $85 saying the company's position in Datacom is underappreciated. Strength in Datacom will persist throughout 2017 and beyond, and Applied is in a "unique position" with "solid visibility" from Amazon (AMZN), Facebook (FB) and Microsoft (MSFT), Jensen tells investors in a research note. He views Applied Optoelectronics as the best positioned Datacom component supplier in his coverage universe and keeps an Overweight rating on the shares.
05/22/17
NEED
05/22/17
INITIATION
NEED
Strong Buy
Applied Optoelectronics initiated with a Strong Buy at Needham
05/05/17
COWN
05/05/17
NO CHANGE
Target $94
COWN
Outperform
Applied Optoelectronics underappreciated and undervalued, says Cowen
Cowen analyst Paul Silverstein raised his operating forecasts for Applied Optoelectronics following better than expected Q1 results. The analyst continues to see a compelling risk/reward in the shares as the company gains new customer wins and makes product improvements. Silverstein reiterated his Outperform rating and raised his price target to $94 from $75 on Applied Optoelectronics shares.
06/14/17
CHLM
06/14/17
NO CHANGE
Target $85
CHLM
Buy
Applied Optoelectronics price target raised to $85 from $70 at Craig-Hallum
Craig-Hallum analyst Richard Shannon said pricing/volume trends in data centers and his view on Applied Optoelectronics' strong cost structure makes him conclude that the company can keep driving growth while maintaining favorable margins. The analyst, who raised his sales and EPS estimates for Applied Optoelectronics, increased his price target on the stock to $85 from $70 and keeps a Buy rating on the name.
LITE Lumentum
$61.55

-0.6 (-0.97%)

06/12/17
RAJA
06/12/17
NO CHANGE
Target $70
RAJA
Strong Buy
Lumentum price target raised to $70 from $59 at Raymond James
Raymond James analyst Simon Leopold raised Lumentum's price target to $70 and maintained a Strong Buy rating based on better contributions increased confidence in its position with the majority share of VCSELs into the next iPhone, and now sees the value per phone near $4.50, up from our prior $2.50, and feels better about the prospects for a longer tail to the spending.
06/12/17
NEED
06/12/17
NO CHANGE
Target $80
NEED
Strong Buy
Lumentum price target raised to $80 from $56 at Needham
Needham analyst Alexander Henderson raised his price target on Lumentum to $80 from $56, stating that his conversations with management suggest the ramp in 3D Sensing is now visible and that Lumentum's share could be larger than previously expected and with better yields than previously forecast. Henderson keeps a Strong Buy rating on Lumentum shares.
05/23/17
RSBL
05/23/17
INITIATION
Target $66
RSBL
Buy
Lumentum initiated with a Buy at Rosenblatt
Rosenblatt analyst Jun Zhang initiated Lumentum with a Buy and a $66 price target telling investors the company will benefit from a demand recovery in China, 3D sensing demand, and datacom strength.
NPTN NeoPhotonics
$8.85

-0.07 (-0.78%)

04/07/17
CHLM
04/07/17
NO CHANGE
CHLM
Buy
NeoPhotonics CFO resignation does not imply future issues, says Craig-Hallum
Craig-Hallum analyst Richard Shannon notes that NeoPhotonics' CFO resignation appears to be a mutual decision and not related to any disagreements, and expects the company to search for a more strategic person with more telecom experience. The analyst also says that while CFO resignations are usually not taken well, it likely does not imply any future issues. He reiterates a Buy rating on the shares.
03/21/17
COWN
03/21/17
NO CHANGE
Target $35
COWN
Outperform
Ciena distribution agreement expands market, says Cowen
Cowen analyst Paul Silverstein said Ciena's (CIEN) plans to develop new distribution channels for its WaveLogic Ai, its newest DSP coherent modem technology, by partnering with optical component suppliers Lumentum (LITE), Oclaro (OCLR) and NeoPhotonics (NPTN) can expand Ciena's serviceable market opportunity, thereby likely driving enhanced revenue growth and profitability. Silverstein did not adjust his estimates yet, but he reiterated his Outperform rating and $35 price target on Ciena shares.
05/25/17
RSBL
05/25/17
INITIATION
Target $13
RSBL
Buy
NeoPhotonics initiated with a Buy at Rosenblatt
Rosenblatt analyst Jun Zhang initiated NeoPhotonics with a Buy and a $13 price target due to potential benefits from China Mobile's upcoming Phase 12, improving EML yield rate and gross margin, a new design win of CFP2-LR at Huawei, sustainable growth of Coherent products at Hisilicon, expanding business at InnoLight, and real estate assets in Shenzhen and Tokyo with an estimated value of $400M.
VIAV Viavi
$11.04

-0.01 (-0.09%)

03/14/17
RSBL
03/14/17
INITIATION
Target $17.2
RSBL
Buy
Viavi initiated with a Buy at Rosenblatt
Target $17.20.
05/05/17
JEFF
05/05/17
UPGRADE
Target $14
JEFF
Buy
Viavi upgraded to Buy from Hold at Jefferies
Jefferies analyst James Kisner upgraded Viavi Solutions (VIAV) to Buy saying the company's 3D sensing opportunity will "significantly increase" its earnings growth rate. The analyst expects Apple (AAPL) to launch an iPhone with 3D sensing in 2017, with multiple smartphone markers following suit in 2018. Viavi will remain the industry's sole supplier for the filter, the analyst contends. He upped his price target for the shares to $14 from $9.50.
05/09/17
DADA
05/09/17
DOWNGRADE
Target $40
DADA
Neutral
Gigamon downgraded to Neutral from Buy at DA Davidson
DA Davidson analyst Mark Kelleher downgraded Gigamon to Neutral citing valuation following the recent rally. The analyst believes a sale of the company will be high on the strategic alternatives list for new activist investor Elliott Management. He lists Viavi (VIAV) and NetScout (NTCT) as possible acquirers. Should a deal happen, Kelleher expects a "lack of take-out premium." He raised his price target for Gigamon to $40.

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$24.36

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$93.84

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