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TLAB

Tellabs, Inc.

5/20/2013, 12:13 AM ET

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Thursday, May 2, 9:39 AM Tellabs (TLAB) names director Vincent Tobkin, a former director at consulting firm Bain & Co., its new chairman. He takes over from co-founder Michael Birck, who announced plans to retire last August, and does so at a time when Tellabs trades near multi-year lows following years of telecom equipment share losses. (PR) (shareholder meeting transcript) Comment! [Tech]
Thursday, April 25, 6:03 PM Tellabs (TLAB): Q1 EPS of -$0.04 in-line. Revenue of $209.4M. (PR) Comment! [Earnings, Breaking News, Tech]
Tuesday, April 23, 7:56 PM Telecom equipment and optical component makers fall in AH trading in response to Juniper's revenue miss and light Q2 guidance, and (in what's arguably the bigger news) AT&T's $2B/year capex budget cuts for 2014 and 2015. CSCO -1.8% AH. CIEN -2.5%. RVBD -1.4%. JDSU -3.4%. FNSR -1.3%. TLAB -1.6%. Many of these companies had surged last November when AT&T set lofty 2014/2015 capex targets. Other names that could fall tomorrow: INFN. FN. OPLK. CALX. ADTN. 1 Comment [Tech, On the Move]
Thursday, April 11, 5:36 PM After-hours top gainers, as of 5:15 p.m.: ASH +6%. NFLX +3%. TLAB +2%. PCYG +2%. HBI +2%.
After-hours top losers: HRS -7%. SBY -3%. JBHT -3%. KRO -2%. CMRX -2%. Comment! [On the Move]
Friday, February 1, 4:17 PM Though many telecom equipment names have performed well lately thanks to good earnings reports and capex optimism, Tellabs (TLAB -7.7%) made new multi-year lows thanks to mixed Q4 results and guidance for Q1 revenue of $205M-$220M, below a $241.6M consensus. Gross margin is expected to fall to ~34% from Q4's 42.2%. Tellabs has been steadily losing share, and has also seen a CEO transition. The Data segment (switches/routers) saw a 48% Y/Y sales drop - in response, Tellabs says it's discontinuing its 9200 edge router, and will cut 300 jobs as a result. (transcript) Comment! [Tech, Earnings, On the Move]
Friday, February 1, 9:10 AM Premarket gainers: ADNC +30%. TSYS +15%. RAD +9%. CTRP +8%. EDAP +7%. ALU +6%. DELL +6%. VVUS +5%. PRGO +5%.
Losers: ECTE -35%. OTT -23%. LTM -16%. SDR -11%. OCZ -8%. CLSN -7%. ALKS -7%. NMM -6%. TLAB -5%. Comment! [On the Move]
Friday, February 1, 1:06 AM Tellabs (TLAB): Q4 EPS of $0.01 beats by $0.02. Revenue of $242.2M misses by $12M. (PR) Comment! [Earnings, Breaking News, Tech]
Thursday, January 31, 12:10 AM Notable earnings after Thursday’s close: AFFX, BCR, BKH, CAVM, CB, CTCT, CTRP, ED, EMN, FBHS, GDOT, MCK, MIPS, MITK, MTW, N, NGVC, PFG, PMCS, PWER, SPF, TLAB, TSYS, WYNN, ZOLT Comment! [Earnings]
Wednesday, January 30, 5:35 PM Notable earnings after Thursday’s close: AFFX, BCR, BKH, CAVM, CB, CTCT, CTRP, ED, EMN, FBHS, GDOT, MCK, MIPS, MITK, MTW, N, NGVC, PFG, PMCS, PWER, SPF, TLAB, TSYS, WYNN, ZOLT Comment! [Earnings]
Tuesday, January 22, 12:06 PM To the chagrin of telecom equipment firms, Verizon (VZ +0.9%) is staying frugal with its capex: after spending $16.2B in 2012 (down slightly Y/Y in spite of a 4.5% revenue gain), the carrier forecasts 2013 capex will be flat Y/Y. Big Red also says it wants to lower wireless expenses by $2B, and forecasts a 2013 wireless EBITDA margin of 49%-50% (up from 2012's 46.6%). Lower smartphone subsidies are a goal (possibly bad news for Apple and Samsung), and stock buybacks aren't ruled out - a heavy debt load and cash distributions to Vodafone limit Verizon's flexibility here. (more) 1 Comment [Tech]
Thursday, December 27, 2012, 1:50 PM Light Reading sees higher carrier capex among the optical networking trends to look out for in 2013: the site points to comments from Finisar's (FNSR) CEO about European networks running at 65% of capacity (up from a prior 40%), as well as remarks from MKM noting "positive spending announcements" from AT&T, Sprint, Deutsche Telekom, and others. It also sees demand for 100G optical transmission systems taking off. Yesterday, Piper predicted component vendors would get a 2H13 lift from capex increases. Comment! [Tech]
Monday, December 24, 2012, 11:15 AM Midday top 10 gainers: ATV +34%. CT +18%. ALIM +12%. CLSN +12%. EJ +11%. EDAP +11%. GSS +11%. RGLS +10%. AVEO +10%. EGLE +10%.
Top 10 Losers: MHH -30%. TLAB -27%. ALXA -14%. XRTX -12%. AMPL -11%. CIG -10%. SVA -9%. ISS -9%. MITL -8%. RPTP -8%. 1 Comment [On the Move]
Monday, December 24, 2012, 9:10 AM Premarket Losers: TLAB -26%. ALXA -11%. Comment! [On the Move]
Thursday, December 13, 2012, 12:34 PM Though FQ4 results missed estimates and guidance for FQ1 revenue of $435M-$460M isn't favorable with a $458.6M consensus, Ciena (CIEN +1.8%) is trading higher. Few expected a great report in light of soft wireline capex, and a record backlog is going over well. Also, gross margin rose 290 bps Q/Q to 42.7%, and is expected to stay in the low-40s in FQ1. Optical transport sales (62% of total) saw a 2% Y/Y decline and optical switching fell 50%. But carrier Ethernet sales rose 66% and software/services 21%. TLAB +1.5%. FNSR +5.3%. OCLR +2%. Comment! [Tech, Earnings, On the Move]
Friday, November 30, 2012, 1:04 PM Midday top 10 gainers: MARK +38%. MITL +30%. MHH +25%. CBK +24%. PPHM +24%. AMPL +24%. TELK +19%. PLNR +17%. TLAB +15%. FIVE +15%.
Top 10 Losers: RIC -24%. NTLS -23%. FFKY -19%. SUPN -18%. SBLK -14%. VRSN -14%. PSUN -14%. MMYT -13%. HGSH -13%. PWX -11%. Comment! [On the Move]
Friday, November 30, 2012, 7:46 AM Tellabs (TLAB) +15.3% after declaring a $1/share special dividend and naming interim chief Dan Kelly its permanent CEO. The telecom equipment vendor, which has long been bleeding share due to its exposure to legacy technologies such as SONET/SDH, closed yesterday not too far away from 16-year lows. Some may be hoping Kelly's R&D background will help Tellabs improve its competitive footing. Comment! [Tech, On the Move]