Michael Genovese

Strong capex trends among U.S. service providers and strength in the Indian and Chinese telecom markets could drive Ciena Corporation (NYSE: CIEN) sales in 2018, according to MKM Partners.  The Analyst Michael Genovese of MKM Partners reiterated a Buy rating and $28 price target on Ciena...

MKM Partners upgraded shares of Lumentum Holdings Inc (NASDAQ: LITE), citing the current 3D strength and the expected 2018 optical improvement. As such, the firm upgraded shares of Lumentum from Neutral to Buy, with a $66 price target. At publication, Lumentum shares were rallying 7.14 percent...

Cisco Systems, Inc. (NASDAQ: CSCO)'s fiscal third-quarter earnings report and fourth-quarter guidance was alarming enough for investors to send the stock lower by more than 7 percent Thursday. Here is a summary of what some of Wall Street's most notable analysts are saying after the report...

Shares of Cisco Systems, Inc. (NASDAQ: CSCO) hit a new 52-week high of $33.97 on Thursday after the company reported its fiscal second-quarter results, which did contain a few concerning metrics. Michael Genovese of MKM Partners commented in a research report that Cisco's reported earnings per...

MKM Partners recommended that investors buy shares of Finisar Corporation (NASDAQ: FNSR), Oclaro, Inc. (NASDAQ: OCLR) and Lumentum Holdings Inc (NASDAQ: LITE) following the weakness induced by the negative pre-announcement from NeoPhotonics Corp (NYSE: NPTN). Pre-Announcement Shares of Finisar,...

Following the release of fiscal year first quarter results by Cisco Systems, Inc. (NASDAQ: CSCO), MKM Partners highlighted security as one bright spot for the company. Security Business Fortified Analyst Michael Genovese noted that security sales rose 11 percent year-over-year to $540 million,...

MKM Partners is positive on Broadcom Ltd (NASDAQ: AVGO)'s plans to acquire Brocade Communications Systems, Inc. (NASDAQ: BRCD) for $5.9 billion, or $12.75/share in cash, as it is in line with Broadcom’s strategy of selling high-value solutions to top OEMs. “With a Fibre-channel SAN...

Finisar Corporation (NASDAQ: FNSR) reported its Q1 2017 results meaningfully ahead of expectations, while issuing upbeat guidance for Q2. The stock is up more than 15 percent Friday morning. MKM Partners’ Michael Genovese upgraded the rating on the company to Buy, while raising the price...

BlackBerry Ltd (NASDAQ: BBRY) reported its 1QFY17 results similar to 4QFY16, with revenue significantly missing expectations, while the EPS and gross margin were better-than-expected, driven by lower opex and the revenue mix. MKM Partners’ Michael Genovese maintains a Neutral rating on the...

MKM Partners' Michael Genovese reiterated Ciena Corporation (NYSE: CIEN)'s Buy rating, holding his price objective of $26 after the company beat earnings and guidance estimates last week. "We are comfortable with Ciena's ability to expand margins over the next couple of years...

In a report published Friday, MKM Partners analyst Michael Genovese upgraded shares of Juniper Networks, Inc. (NYSE: JNPR) to Neutral from Sell with a "fair value estimate" boosted to $28 from a previous $22 following the company's "strong" second quarter results and guidance. Q2 Juniper's second-...

BlackBerry Ltd (NASDAQ: BBRY) released weaker-than-expected Q1 earnings on Monday, prompting a dip in the company's stock. Nevertheless, there were a few bright spots in the report, including positive signs for the tech firm's software business. The mixed signals have analysts on the...