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
Infinera (INFN) stock soared to a seven-year high Friday after the fiber-optics supplier late Thursday raised its guidance and posted Q4 earnings that beat views. Infinera stock was up more than 17%, near 17, in early afternoon trading on the stock market today. The stock is up more than 70% this year and has a high IBD Accumulation/Distribution score of A-, indicating heavy institutional buying. Fellow fiber-optics companies JDS Uniphase (JDSU)