|Bid||8.594 x 0|
|Ask||8.702 x 0|
|Day's Range||8.584 - 8.587|
|52 Week Range||8.584 - 10.720|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Buoyant equity markets have Ariel Investments’ President Mellody Hobson moving to the sidelines, holding on to cash in the event a pullback creates buying opportunities.
MKM Partners Last week, China Mobile initiated a tender for 42,200 Optical line side ports. According to our checks, this tender is part of China Mobile’s Phase 13 Provincial backbone network slated to be built in 2018. It joins China Mobile’s (CHL) Phase 12 national backbone expansion in terms of tenders that have been let with vendor awards made, but where the bulk of orders have not yet started through the supply chain.
Analysts today continue to assess the importance of an apparent large order put forward for fiber optic components from China’s largest telco, China Mobile (CHL) last week, which has been a source of some debate on the Street as to its impact on Lumentum (LITE), Finisar (FNSR), and other component suppliers. You’ll recall that several analysts pointed out on Thursday that there were details missing from the China Mobile tender that are important to gauge the value of the potential contract. B. Riley & Co.’s Dave Kang, who follows Oclaro (OCLR), and rates its stock a Buy, and who sounded a cautious note on Thursday, today reports on having spoken with management of the company about the deal, in which “the primary topic of discussion was the implications of the recently-announced China Mobile tender for 42k ports." Basically, there’s still a lot of uncertainty: OCLR was quick to point out that the tender was very preliminary and that both size and mix were critical factors as to magnitude of the development.