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Optical and photonic products maker Lumentum Holdings Inc (NASDAQ: LITE ) reported fiscal second-quarter results Tuesday that prompted a sell-off in the stock, but Rosenblatt Securities remains bullish. ...
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in […]
Lumentum Holdings Inc (NASDAQ: LITE ) confirmed Monday that its acquisition of Oclaro is complete. What Happened Lumentum's finalized acquisition of Oclaro creates a new entity with greater scale in telecom ...
NEW YORK , Dec. 6, 2018 /PRNewswire/ -- S&P MidCap 400 constituent Gulfport Energy Corp. (NASD: GPOR) will replace Oclaro Inc. (NASD: OCLR) in the S&P SmallCap 600, and Yelp Inc. (NYSE: YELP) will replace ...
The approval comes days after the White House said China was open to clearing chipmaker Qualcomm Inc's previously unapproved deal for NXP Semiconductors NV "should it again be presented". This followed a high-profile meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping last week.
Shares of Lumentum Holdings Inc. are among the optoelectronics names heading sharply higher in Monday morning trading, after the U.S. and China agreed to a 90-day truce in their trade dispute. "We believe this is a positive for Lumentum and Finisar Corp. , as China may approve the LITE/Oclaro deal, while the likelihood of the II-VI /Finisar deal getting approved also increases," Rosenblatt Securities analyst Jun Zhang wrote. Lumentum shares are up 7% in Monday's session, while Oclaro's stock is up 4.6%. II-Vi shares are up just 0.7%, while Finisar shares are up 0.5%. Finisar on Monday morning reported quarterly revenue below expectations but topped estimates with its gross margins. "We continue to believe Finisar's new VCSEL [vertical-cavity surface-emitting laser] facility is ramping to expectations with production quantities of 3D-sensing VCSEL to begin shipment in 2019," wrote Piper Jaffray analyst Troy Jensen. Finisar's stock has gained 16% so far this year, while the S&P 500 has risen 4.3%.
II-VI will pay Finisar shareholders $26 per share, in cash and stock, a premium of 37.7 percent to Finisar's closing share price on Thursday. Finisar's shares rose 18.5 percent, while those of II-VI fell 16.5 percent to $39.16. Global telecom companies are spending billions to develop 5G networks, which will rely on denser arrays of small antennas to offer data speeds up to 50 or 100 times faster than current 4G networks.
Oclaro (OCLR) delivered earnings and revenue surprises of -11.11% and 2.74%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
The San Jose, California-based company said it had profit of 6 cents per share. Earnings, adjusted for one-time gains and costs, came to 8 cents per share. The results missed Wall Street expectations. ...
SAN JOSE, Calif. , Nov. 8, 2018 /PRNewswire/ -- Oclaro, Inc. (Nasdaq: OCLR), a leading provider and innovator of optical communications solutions, today announced its financial results for the first quarter ...
NEW YORK, NY / ACCESSWIRE / October 3, 2018 / Notice is hereby given that Monteverde & Associates PC has filed a class action lawsuit in the United States District Court for the Northern District of California, Case No. 3:18-cv-03435-JD, on behalf of public common shareholders of Oclaro, Inc., ("Oclaro" or the "Company") (NASDAQ: OCLR) who held Oclaro securities on the record date May 15, 2018 (the "Class Period"), and have been harmed by Oclaro's and its board of directors' (the "Board") alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the sale of the Company to Lumentum Holdings Inc. ("Lumentum"). Under the terms of the transaction, Oclaro shareholders will receive $5.60 in cash and 0.0636 shares of Lumentum common stock (the "Merger Consideration") for each share of Oclaro common stock they own.
High-Performance EMLs and PIN Photodiodes Enable High-Density 4x100G PAM4 Optical Signaling for a 4X Interconnect Speed Increase in Switching Fabrics SAN JOSE, Calif. , Sept. 24, 2018 /PRNewswire/ -- Oclaro, ...
Complements Oclaro's CFP2-ACO with a DCO Solution for DSP-less Customers; Delivers Interoperable Modules Needed for Coherent 100G and 200G Networks SAN JOSE, Calif. , Sept. 20, 2018 /PRNewswire/ -- Oclaro, ...
Company Further Expands Production Capacity to Meet Growing Customer Demand for a New Generation of 5G-Ready Wide Temperature and High-Performance Lasers SAN JOSE, Calif. , Sept. 19, 2018 /PRNewswire/ ...