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Citigroup Calls Ciena Stock a Buy After 10% Post-Earnings Drop

Citigroup recommended buying shares of optical networking technology company Ciena (NYS:CIEN) following the stock's decline after its earnings announcement this week. Analyst Atif Malik stated on the 3rd (US local time) that Ciena's revenue guidance calling for 30% year-over-year growth represents o
CIEN1.72%
LucasBennett·5m ago
Citigroup Calls Ciena Stock a Buy After 10% Post-Earnings Drop

Tokyo Stock Exchange Delistings Hit 128, Exceeding Last Year's Record

Tokyo Stock Exchange-listed companies are experiencing record-high delistings, with 128 companies confirmed for delisting as of the 4th, surpassing last year's annual total of 125, according to Nikkei. An additional 29 companies have been designated as surveillance stocks facing potential delisting.
EQT-0.80%
GS-0.03%
NDAQ-1.87%
LucasBennett·21m ago
Tokyo Stock Exchange Delistings Hit 128, Exceeding Last Year's Record

SK Securities: US August Jobs Data Won't Drive Fed Hikes Alone

SK Securities analyst Shin Yun-jeong stated in a September 7 report that US August employment data, while stronger than expected, does not independently justify Federal Reserve rate hikes. US non-farm payrolls rose 162,000 in August, significantly exceeding
LucasBennett·31m ago
SK Securities: US August Jobs Data Won't Drive Fed Hikes Alone

Shinwon Wacoru Bought Founding Family Property for 20.3B Won in Split Deals

Shinwon Wacoru, the South Korean company known for its 'Venus' women's underwear brand, purchased a Gangnam-gu property from its founding family for 20.3 billion won through two transactions in October 2022 and April 2023. The company failed to disclose the first transaction in its 2022 business
CryptoFrontier·31m ago
Shinwon Wacoru Bought Founding Family Property for 20.3B Won in Split Deals

Foreign Insurers in Korea Weigh Exit as Domestic Firms Expand Overseas

Foreign insurers operating in South Korea are weighing exit strategies amid market saturation while domestic Korean insurers pursue overseas acquisitions to drive growth. MetLife Korea is relocating its headquarters to G1 Seoul in Jongno-gu on the 21st, downsizing from its Gangnam location,
CryptoFrontier·38m ago
Foreign Insurers in Korea Weigh Exit as Domestic Firms Expand Overseas

Deutsche Bank Raises Robinhood Target to $136 on Chain Revenue Surge

Deutsche Bank maintained its 'Buy' rating on Robinhood (NASDAQ: HOOD) on the 4th (US local time) and raised its target price from $115 to $136, according to CNBC. The upgrade stems from accelerating fee revenue growth on Robinhood Chain, the company's blockchain network supporting cryptocurrency
HOOD-2.12%
LucasBennett·45m ago
Deutsche Bank Raises Robinhood Target to $136 on Chain Revenue Surge

Four Korean Financial Holdings Secure 2x Oversubscribed Bond Demand

Shinhan Financial, Woori Financial, KB Financial, and iM Financial received investor demand exceeding twice their募集額 in recent subordinated bond offerings. Woori and KB each increased issuance from 2,700 billion won to 4,000 billion won, while Shinhan secured 5,840 billion won in orders for
LucasBennett·46m ago
Four Korean Financial Holdings Secure 2x Oversubscribed Bond Demand

NH Investment & Securities Recommends AI Platforms and Secondary Batteries as Korean Stock Market Leaders

Na Jung-hwan, a researcher at NH Investment & Securities, stated in a recent report that domestic AI platforms and services, along with secondary batteries, are positioned to become leading sectors in the Korean stock market. The report noted that stock price volatility has peaked and is now
LucasBennett·1h ago
NH Investment & Securities Recommends AI Platforms and Secondary Batteries as Korean Stock Market Leaders