Three months ago, I highlighted four stocks trading below net cash. Since that time, two of those companies have been subject to buyout offers, the second coming Tuesday as the British company, CSR, offered to buy SiRF Technologies. Let us see how each has performed since, starting with SiRF.
Market Analysis Commentary: Relative Price Volume Momentum Tracks scans the Russell 3000 components for stocks that are moving up or down on relatively strong surging volume. Such stocks may signal institutional buying or selling and have a tendency to continue further in their current market direction. From a contrarian perspective, buying and selling on extreme volume also has a tendency to produce short term reversals of a stock’s market direction on the following day of trading.
Last week I wrote about Finisar (FNSR) and gathered it would be smart for JDS Uniphase (JDSU) to buy/merge with them. This weekend I spoke with a source that read my article and works in the sector. He asked me to take a look at Bookham (BKHM) as another acquisition target in the same space. Although I am not sure of it, he believes an offer around $2 per...
CIENA Corp. (CIEN) looks undervalued with about $11 a share cash on hand, and trades at about the same price. The company has a book value of $11.28 a share, trades at a forward P/E ratio of 15.5 and trades at 1x sales.
11 analysts cover CIEN with price targets that range from $12 to $24 a share with an average target of $15.
Fiber optics companies like Finisar (FNSR),
JDS Uniphase Corp. (JDSU), Opnext, Inc. (OPXT) and privately held Avago
Technologies Limited all stand to benefit from the bandwidth woes that
ail internet service providers and broadband cable companies such as
Comcast (CMCSA), Verizon Wireless (VZ) and AT&T Inc. (T).
Comcast
users report that the file transfer is cut off when they try to
download...
"Underdog catcher" George Putnam III of New Generation Research has averaged 17.1% returns for subscribers to his The Turnaround Letter by looking for companies with distressed shares ripe for a turnaround. Companies he likes:
Nortel and JDS Uniphase -- while not distressed, these out-of-favor companies have lots of cash to keep them afloat.
Zhone, Conexant, Mindspeed and Bookham are all low-priced semi stocks that are plays on triple-play telecom (phone, TV, internet).
Auto suppliers: Superior Industries, ArvinMeritor and American Axle have solid balance sheets, have been beaten...
Ocular Sciences, Inc. (NASDAQ: OCLR | PowerRating) said it expects first quarter revenue of $120.0 million to $126.0 million. The current consensus estimate is revenue of $119.3 million for the ...
SAN JOSE, Calif., July 29 /PRNewswire-FirstCall/ -- Oclaro, Inc. (Nasdaq: OCLR), a provider of optical components, modules and subsystems, today announced the financial results for its fourth ...
July 22, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today's featured news.) -- Oclaro, Inc. (NASDAQ: OCLR | PowerRating), a provider of optical ...
Oclaro Inc (Nasdaq: OCLR | PowerRating), a provider of optical communications and laser solutions, reported today that it has acquired Mintera Corporation for USD12m in cash, plus a revenue-based ...
SAN JOSE, Calif., July 21 /PRNewswire-FirstCall/ -- Oclaro, Inc. (Nasdaq: OCLR), a tier-one provider of innovative optical communications and laser solutions, today announced it has acquired ...
SAN JOSE, Calif., July 20 /PRNewswire-FirstCall/ -- Oclaro, Inc. (Nasdaq: OCLR), a tier-one provider of innovative optical communications and laser solutions, will report financial results for its ...
The newly formed South Bookham Youth and Community Association held its first public meeting to help save the Bookham Boys' Club. The club, in Dorking Road, is owned by Mole Valley District ...
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