|Bid||23.78 x 3000|
|Ask||23.79 x 3200|
|Day's Range||23.69 - 24.09|
|52 Week Range||15.81 - 25.14|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Dec 2, 2019 - Dec 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||23.22|
II‐VI Incorporated (IIVI), a global leader in engineered materials and optoelectronic devices, today successfully completed the acquisition of Finisar Corporation (FNSR). The acquisition of Finisar was first announced on November 9, 2018. Under the terms of the merger agreement, Finisar shareholders will receive on average $15.60 in cash and 0.2218 shares of II-VI common stock per 1.0 share of Finisar common stock depending on each shareholder’s election as laid out in the merger agreement. This transaction is fully taxable to Finisar shareholders.
PriceSmart (NASDAQ:PSMT) stock is soaring today on news of changes to the S&P Dow Jones Indices.Source: Icatnews / Shutterstock.com These changes include PriceSmart stock joining the S&P SmallCap 600. This will have the company replacing Finisar (NASDAQ:FNSR) in the group. The change is set to take place when the markets open on Thursday. It will place PSMT stock in the GICS Hypermarkets & Super Centers Sub-Industry index.So why exactly is PriceSmart joining the S&P SmallCap 600 in place of Finisar? It all has to do with a deal between Finisar and II-VI (NASDAQ:IIVI). This deal will have the latter acquiring the former. The deal is already close to completion, which is why PriceSmart will be taking Finisar's place on the SmallCap 600.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPriceSmart last reported earnings on July 10, 2019. The company's results were far from expectations. It saw profits for its fiscal third quarter of the year drop 25% from the same time last year. It also saw its revenue for the quarter drop from the same period of the year prior. * 7 Worst Stocks in the S&P 500 in 2019 PriceSmart will next be reporting earnings on October 29. The company plans to release its earnings report for its fiscal fourth quarter of 2019 after the markets close that day. Wall Street is expecting it to report earnings per share of 49 cents on revenue of $812.34 during the quarter.PriceSmart is a club retailer that requires customers to have a membership to shop in its stores. It is based out of San Diego, Calif. and founded back in 1993.PriceSmart stock was up 18% as of Monday afternoon and is up 2% since the start of the year.As of this writing, William White did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Worst Stocks in the S&P 500 in 2019 * 7 Reasons to Own Intuit Stock -- The Unsung Hero of Fintech * Apple and 4 Other Tech Stocks on the Move The post Why PriceSmart (PSMT) Stock Is Soaring Today appeared first on InvestorPlace.
SUNNVALE, Calif. and DUBLIN, Ireland, Sept. 22, 2019 -- Finisar (NASDAQ: FNSR), an industry leader in optical modules and components, today introduced several new product and.
After big gains for a stock, sell signals often arise. But don't count on the analyst community to tell you when it's happening.
NEW YORK , Sept. 20, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 effective prior to the open of trading on Thursday, ...
PITTSBURGH and SUNNYVALE, Calif., Sept. 20, 2019 -- II‐VI Incorporated (Nasdaq:IIVI) (“II-VI”), a global leader in engineered materials and optoelectronic components, and.
SUNNYVALE, Calif. and DUBLIN, Ireland, Sept. 19, 2019 -- Finisar Corporation (NASDAQ: FNSR) What: Finisar, a global technology leader in optical communications, today.
While Sprint (S) partners with Ericsson (ERIC) to offer improved video analytics solution, AT&T (T) collaborates with Starz for enriched video content for subscribers.
Finisar (FNSR) delivered earnings and revenue surprises of 0.00% and -7.93%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?
SUNNYVALE, Calif., Sept. 04, 2019 -- Finisar Corporation (NASDAQ: FNSR), a global technology leader for subsystems and components for fiber optic communications, today.
SUNNYVALE, Calif., Sept. 03, 2019 -- Finisar (NASDAQ: FNSR) today introduced its WaveAnalyzer™ 1500S/L High Resolution Optical Spectrum Analyzer designed to inspect the.
Finisar (FNSR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Synaptics Inc. snagged Michael Hurlston to be its new chief executive, after his resignation from Finisar Corp. Synaptics announced the hire Monday afternoon, after Finisar announced his departure earlier in the day amid Finisar's acquisition by II-VI Inc. Synaptics announced in May that its chief executive would leave while warning about third-quarter earnings.
Finisar Corporation (FNSR), a global technology leader for subsystems and components for fiber optic communications, today announced that its Chief Executive Officer, Michael Hurlston, has informed the Board of Directors of his intention to resign his position with the company to pursue another opportunity. The Board of Directors has accepted Mr. Hurlston’s resignation and it will be effective immediately.
(Bloomberg Opinion) -- Just what is AMS AG up to?On Monday, the supplier to Apple Inc. made a short-lived, 3.7 billion-euro ($4.2 billion) effort to snatch Osram Licht AG from private equity firms Bain Capital and Carlyle Group LP, which had sewn up a lower-priced takeover of the German lighting-maker earlier this month.The abortive effort will underscore investor concerns about the company’s strategy under Chief Executive Officer Alexander Everke. The former NXP Semiconductors NV executive has spent billions of dollars trying to position AMS to capitalize on demand for new sensing technology used in the iPhone’s Face ID recognition system. But after his three years at the helm, the stock is trailing peers Finisar Corp. and Lumentum Holdings Inc.The flirtation with Osram was short and not particularly sweet. At 5:52 p.m. in London, Bloomberg News reported that AMS had made an offer for the Munich-based firm, some 11 days after Osram’s board accepted the private equity firms’ 3.4 billion-euro bid. Within 15 minutes, the target released a statement confirming it had received a non-binding offer from AMS. The company dismissed “the probability of this transaction materializing as rather low.” By midnight, AMS declared it was ending the takeover talks.Maybe the approach was an attempt to get a closer look at Osram’s books, or its 3-D sensing technology. If it was, then full credit to the lighting giant for calling Everke’s bluff, since financing for AMS’s bid wasn’t yet fully in place. While Osram said it would let the bidder perform due diligence, it was quick to emphasize that it could only do so under strict conditions.If it was a serious bid, then AMS shareholders have every right to feel bewildered. The target largely operates in the slowing automotive market, so would have hardly offset stagnating smartphone sales. Concern that the company may be more open to outsized and strategically questionable dealmaking than investors assumed helped to push the stock down by as much as 4.6% on Tuesday morning.Everke would have been asking for a lot of faith from investors to finance the deal. The company was planning to sell new stock – but would still have been left with net debt equivalent to about 27 times this year’s predicted free cash flow. This would have tried investor patience, which has already been sorely tested. AMS has spent $2 billion over three years buying companies and expanding production capacity to secure a dominant position supplying components for 3-D scanners in the latest generation of iPhones, only for sales of the handsets to promptly slow. AMS shares are 66% below their 2018 peak.In 2017, Everke predicted 2019 sales would exceed $2.7 billion, with an Ebit margin of at least 30%. After scrapping its dividend and year-ahead guidance figures in May, analysts now expect the company to report a 10% Ebit margin on sales of just $1.9 billion. Communication from management has been particularly poor, according to Hauck & Aufhaeuser Privatbank analyst Robin Brass.Everke’s short-lived move on Osram looks like a shot in the dark. If his big bet on smartphones isn’t paying off, he needs to shed some light on what his new strategy is.To contact the author of this story: Alex Webb at firstname.lastname@example.orgTo contact the editor responsible for this story: Edward Evans at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.