Speculation that Finisar (FNSR) could soon acquire the Communications and Commercial Optical (CCOP) business of JDS Uniphase cooled at industry conference. Analysts attending the Optical Fiber Communication 2015 exhibition this week are coming away with the view that a deal is more likely to happen after Milpitas, Calif.-based JDS Uniphase (JDSU) spins off its CCOP unit, not before. JDS Uniphase plans to spin off the unit as Lumentum Holdings in
Finisar (FNSR) forecast current-quarter earnings and revenue ahead of views after reporting in-line fiscal Q3 earnings late Thursday amid speculation over consolidation in the fiber-optics supplier market. Finisar could acquire the Communications and Commercial Optical (CCOP) business of JDS Uniphase (JDSU), analysts say. Milpitas, Calif.-based JDS Uniphase plans to spin off its CCOP unit as Lumentum Holdings. On Finisar’s fiscal Q3 earnings
Raymond James upgraded Finisar (FNSR), a maker of components for fiber-optic networks, to strong buy from outperform Friday, sending Finisar stock up 2.5% in midday trading in the stock market today. Analyst Simon Leopold pointed to strong trends in data communications. He expects data center spending to increase, and cited the migration from copper to optical technology and the continued growth of Web 2.0. IBD noted Thursday that Finisar’s stock