On Friday, Finisar Corporation (NASDAQ:FNSR)’s shares declined -1.67% to $15.33.
Finisar Corporation (FNSR), a global technology leader in high-speed optical communications, confirmed that it will declare its fiscal first quarter 2016 financial results for the period ending August 2, 2015, at the close of market on Thursday, September 10th, 2015. The declarement will be followed by a conference call with analysts at 2:00 p.m. PDT/ 5:00 p.m. EDT.
Jerry Rawls, Finisar Corporation’s executive Chairman of the Board; Eitan Gertel, Chief Executive Officer; and Kurt Adzema, Chief Financial Officer, will talk about financial results for the quarter and answer questions from analysts who follow the Company.
Finisar Corporation provides optical subsystems and components for data communication and telecommunication applications in the United States, Malaysia, China, and internationally. Its optical subsystems primarily comprise of transmitters, receivers, transceivers, transponders, and active optical cables that provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in communication netoperates, counting the switches, routers, and servers used in wireline netoperates, in addition to the antennas and base stations used in wireless netoperates.
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE)’s shares gained 6.43% to $0.900.
Yingli Green Energy Holding Company Limited (“Yingli” or “Yingli Solar”) (YGE), one of the world’s leading solar panel manufacturers, recently declared that it has received a notice on August 13, 2015 from the New York Stock Exchange (the “NYSE”) that the Company was not in compliance with the NYSE’s price criteria for continued listing standard because, as of August 12, 2015, the average closing price of the Company’s American Depositary Shares, or ADSs, was less than $1.00 per ADS over a successive 30 trading-day period.
Following Section 802.01C of the NYSE’s Listed Company Manual, the Company has six months (“the Cure Period”) following receipt of the notice to regain compliance with the minimum share price requirement. The Company can regain compliance during the Cure Period if the Company’s ADSs have a closing share price of at least $1.00 per ADS on the last trading day of any calendar month during the period and also have an average closing price of at least $1.00 per ADS over the 30 trading-day period ending on the last trading day of that month. The Company can also regain compliance if at the expiration of the six-month Cure Period, both a $1.00 or above closing price per ADS on the last trading day of the Cure Period and a $1.00 or above average closing price per ADS over the 30 trading-day period ending on the last trading day of the Cure Period are attained.
Yingli Green Energy Holding Company Limited, together with its auxiliaries, designs, develops, markets, manufactures, sells, and installs photovoltaic (PV) products in the People’s Republic of China and internationally. The company offers polysilicon ingots and blocks, polysilicon wafers, PV cells, PV modules, and integrated PV systems; and develops and operates solar projects.
At the end of Friday’s trade, Service Corporation International (NYSE:SCI)‘s shares dipped -3.95% to $29.80.
Service Corporation International (SCI) declared that it had successfully accomplished its formerly declared public offering of $300 million aggregate principal amount of its 5.375% Senior Notes due 2024 (the “Notes”) in a reopening of its existing series of such Notes. The Company intends to use the net proceeds from the offering to redeem all of its outstanding 6.750% Senior Notes due 2016 and to repay about $99 million of outstanding borrowings under its revolving credit facility.
This press release does not constitute an offer to sell nor the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful. The notes will be offered only by means of a prospectus supplement and accompanying base prospectus. This press release does not constitute a notice of redemption with respect to the notes being redeemed.
Service Corporation International, together with its auxiliaries, provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and related businesses.
Stratasys, Ltd. (NASDAQ:SSYS), ended its Friday’s trading session with 4.24% gain, and closed at $28.27.
Stratasys Asia Pacific, a partner of Stratasys Ltd. (SSYS), a global leader of 3D printing and additive manufacturing solutions, recently declared a customer story illustrating how Honda Access Co. Ltd. (“Honda Access”) of Honda, leverages 3D printing technology to gain competitive advantage with car accessories prototyped by Stratasys 3D printing system, thus improving the development efficiencies by synchronizing the development plan of automotive and car accessories.
Headquartered in Saitama Prefecture, Japan, Honda Access manufactures accessories for Honda’s cars, motorcycles and other items globally, designing up to 300 accessories for each Honda car model for local buyers based on the requirements such as driver intention, climate and road surface conditions in different traffic conditions. To maximize customization efficiency, the company opted for a Stratasys Objet® Eden500V™ 3D printer in 2013, with the objective to accelerate the product development cycle, substituting the CNC machines.
Stratasys Ltd. provides additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products; and for the direct manufacture of end parts. Its AM systems utilize its patented fused deposition modeling and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production and manufactured goods directly from three-dimensional (3D) CAD files or other 3D content. The company offers entry-level desktop 3D printers for idea and design development, a range of systems for rapid prototyping, and production systems for direct digital manufacturing under the Dimension, Objet, Fortus, Polyjet, SolidScape, and MakerBot brands.
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