I think another downgrade may be in the works - at least last couple of times when MRVL showed signs of reversal on big volume, it was a red herring...
Anyway, yearly chart shows bottoming action around 13, look out below if that does not hold.
this is all early 2013 products probably being cleared at fire-sale prices
more negative than positive - just look at the short interest rising in MRVL... that tells you what the street thinks of this company
If the management is going to miss earnings or, revenue or, guidance yet again - they might as well mail in their resignations. But anything is possible with these geniuses.
JDSU issues conservative guidance to avoid negative surprise before analyst day. It would be worth buying it few days before analyst day.
At least their gross margin improvement will be seen as net positive... they have managed to stay away from low margin business that has devastated for NPTN and OCLR...
look at the bright side - this management is now toast! they have lost all credibility with the street. They had forecast 3D rebound next 2 qtrs and now that is fading fast. Jefferies had floated the idea of Apple TV with 3D and maybe that project was scrapped... who knows.
If there ever was an opportunity for PE to sweep in and pick good assets at bargain price - this is it. Look at their Chairman - he is a PE guy.
No point in buying this today but I will be a nibbler below 10.5. Looking at the Jan 2015 Put trades I think you will see some action before end of this year.
Not hiring a new CFO is a sign that MM is being shopped.
There might not be much of a premium but I would expect at least $5. In any case, more upside than downside if OpEx is managed well.
What was the reasoning for buying Jumptap? that seems to have been disastrous...
that is not really a sell I think - its just distribution and accounting. Actual selling will drag down the price even further in the short term.
I really don't understand why you are finding it hard to believe that FEYE remains an easy short.
Have you looked at their 10Q? FEYE is going to be bleeding red for ever - they are going to run out of cash. It's a complete BS company. FEYE would lose money even if they zero out sales/marketing AND G/A expenses. This is not expected to change even next year. So what are they going to do? You guessed it - coming soon - another secondary offering... more dilution and the game goes on. Their only hope is to rope in a bigger sucker and be acquired. But that will happen at a much lower price.
what rubbish - why should SEC investigate? FEYE did not mis-represent any facts. Folks who wanted to believe Cramer non-sense were buying it at nosebleed levels. Of course, the insiders knew and were bailing out as fast as possible.
Go read the Morgan Stanley note - it attempts to deconstruct last qtr results and even the pro's are having a touch time.
The absolutely funny line is that based on 2019 cash flow .. ha ha ... and assuming no further stock dilution ... umm sure... FEYE can be $15 (bear case) or, $65 (bull case). Yes, that is a 2019 prediction. Let me go further and make this prediction - FEYE will trade in single digits when market correction happens.
just look at the airlines - transportation industry is doing very well.
if nothing else, HTZ should also benefit from the positive sentiment in this sector.
you can choose to not buy the stock - but don't short this rocket. Too many hedgies are in this and it will keep recovering and going higher until the sentiment changes
as long as there is no slowdown in datacenters and LTE buildouts - Finisar will continue to do well.
Jefferies has been a little sketchy - his upgrades and downgrades always seems to be poorly timed. Folks on this board may remember his rants on SiPhotonics.
Lets see if Finisar manages to close above 20
The primary reason for FNSR Gross Margin pressures are CPRI deployment (fronthaul) at 3 and 6G rates. I think many of these locations will be upgraded soon to 10G and beyond (multiple antenna support). NG-PON2 specifically supports 40G for fronthaul applications. I don't think FNSR margin pressure can last too long. Thursday will be interesting...