Shares in Focus: Finisar Corporation (NASDAQ:FNSR)

Investors may be looking at shares of Finisar Corporation (NASDAQ:FNSR) with renewed interest over the past few trading sessions. After a recent …

Investors may be looking at shares of Finisar Corporation (NASDAQ:FNSR) with renewed interest over the past few trading sessions. After a recent scan, the stock has been seen trading near the $23.73 level. Staying on top of the equity market can be difficult. Knowing what information is important and how to interpret that information can be the difference between a good portfolio and a great one.

Many individuals may have a tough time trying to figure out what actually drives financial markets. There are plenty of investing strategies and trading systems that individuals can use when trying to navigate the stock market. Sudden stock market moves can be mysterious, especially if the move goes against what professionals are expecting. When traders are just starting out, major market shifts can have the ability to wreak havoc if they are unprepared. Nobody wants to be on the losing end of a trade, but the reality is that it can happen at any time. Being prepared for the unknown isn’t easy, but it may be a good way to help ease the burden when markets get choppy.

Shares of Finisar Corporation (NASDAQ:FNSR) currently have an average target price of 24.19. This is the consensus number using estimates given by polled analysts. Professional sell-side analysts that track the stock are constantly monitoring the company to assess where they believe shares will be moving in the future. Price target projections can be calculated using various methods. Many investors will follow stock target prices, especially when analysts make revisions.

The average investor might not have the time to monitor every single movement of a certain stock. Tracking the historical performance may help provide some valuable insight on where the stock may be trending in the future. Looking back over the last 4 weeks, shares of Finisar Corporation (NASDAQ:FNSR) have moved 3.4%. Over the last 5 days, the stock has seen a change of -1.37%. Looking at the last 12 week period, we note that the stock has moved 10.06%. Since the beginning of the calendar year, we note that shares have changed 9.86%. Investors will often track the current stock price relative to its 52-week high and low levels. The 52-week high is currently 24.6, and the 52-week low is resting at 14.67. When shares are trading near the 52-week high or 52-week low, investors may be on the lookout for a breakout.

Sell-side analysts often undertake stock analysis to give their opinions of whether they believe that shares should be bought, sold, or held. Using ratings provided by analysts polled by Zacks Research, we note that the current average broker rating on shares of Finisar Corporation (NASDAQ:FNSR) is currently 2.75. The recommendation falls on a scale between 1 and 5. A broker rating of 1 would translate into a Strong Buy. A rating of 5 would indicate a Strong Sell recommendation. This consensus broker rating may help shed some light on how the sell-side is currently viewing company stock. After a recent check, we can see that 1 sell-side analysts have rated the stock a Strong Buy or Buy, based analysts polled by Zacks Research. Professional investors often incorporate various strategies when approaching the stock market. Capitalizing on market dips can be highly profitable when thoroughly researched and executed. Closely monitoring earnings, news, and analyst views may play an important role in equity study.

Successful traders are typically skilled at building highly disciplined trading systems. These systems that they create may range from very simple to highly complex. Traders may need to fine tune the system to suit their specific needs and goals. Finding a little edge can lead to big rewards when dealing with the stock market. It is important to remember that a trading system that works for one person may not work for another. Novice traders may realize how hard it is to actually bring home healthy returns. Acquiring the necessary knowledge may take a long time, but putting in the effort and doing all the homework may help give the trader an advantage over the long run. Many successful stock market traders will be the first ones to admit that finding success is not going to happen overnight. Staying disciplined and being able to learn from mistakes can also go a long way when dealing with the ever-changing equity market landscape.

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MYOB takeover bid backed by independent expert

Business services software company MYOB (ASX:MYO) is to allow shareholders the chance to vote on Kohlberg Kravis Roberts $2 billion takeover …

Business services software company MYOB (ASX:MYO) is to allow shareholders the chance to vote on Kohlberg Kravis Roberts $2 billion takeover offer next month.

The Independent Expert, Grant Samuel & Associates concluded that the scheme of arrangement is fair and reasonable and in the best interests of MYOB Shareholders, in the absence of a superior proposal.

They assessed the full underlying value of MYOB at between $3.19 and $3.69 per MYOB share.

The KKR offer to acquire MYOB for $3.40 per share all cash consideration is within this range.

The Scheme Meeting will take place at 3:00pm Australian Eastern Standard Time on 17 April 2019.

Shares in MYOB (ASX:MYO) are trading flat at $3.36.

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Is This The End Of MYOB Group Ltd (ASX:MYO) As We Know It?

Today, MYOB Group Ltd (ASX: MYO) released the Scheme Booklet for the proposed acquisition by Kohlberg Kravis Roberts & Co. L.P (KKR) after …

Today, MYOB Group Ltd (ASX: MYO) released the Scheme Booklet for the proposed acquisition by Kohlberg Kravis Roberts & Co. L.P (KKR) after gaining approval from the Federal Court of Australia for convening a meeting of MYOB shareholders to vote on 17 April 2019.

The offer from KKR to buy MYOB is an all-cash offer of $3.40 to acquire the remaining shares in MYOB it does not currently own. KKR currently own around ~19.9% and are seeking to acquire the remaining ~80%.

Independent Expert Report

MYOB engaged Grant Samuel as its independent expert, and they have concluded the scheme is fair and reasonable in the absence of a superior proposal. Grant Samuel assessed the value of MYOB shares as being between $3.19 to $3.69 a share, indicating that value within this range is reasonable.

The independent expert report said, “Grant Samuel has concluded that the KKR proposal is fair and reasonable and in the best interests of MYOB shareholders”.

Will There Be a Superior Proposal?

Given MYOB’s ‘go shop’ period concluded on 22 February, MYOB had 60 days to solicit a superior proposal and none were received. It seems unlikely that a superior proposal would emerge now.

How Likely Is The Takeover?

Given the directors of MYOB have recommended it and there is a break fee of $20 million to be paid to KKR if the deal doesn’t go ahead, to me it seems the directors are confident it will go ahead and the deal will receive the required votes and court approval. Let’s not forget Xero Ltd (ASX: XRO) and Intuit Inc (NASDAQ: INTU) are breathing down MYOB’s neck.

Is It Time To Sell?

Excluding a superior offer, it seems unlikely for the MYOB share price to trade any higher than the offer price of $3.40. The offer of $3.40 per share assumes that no full year 2018 dividend will be paid as it needs the written consent of KKR to do, which is unlikely to be granted.

If shares can be sold for around the offer price on-market, it could be a good time to sell and deploy funds into better opportunities with more potential upside.

The Rask Group’s top expert investment analyst has just released a free report which reveals 3 proven ASX shares. They’ve proven themselves to be reliable dividend + growth shares over a decade. Access the report now.

Of course, past performance is not indicative of future performance but as he says in his free report, there are many reasons to keep a close watch on these 3 shares in 2019 and beyond.

Click here to access the free report. Absolutely no credit card details or payment required.


Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).

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Myob Group Ltd (ASX:MYO) Releases Scheme Booklet and Sets Scheme Meeting Date

… Limited (Grant Samuel), has concluded that the scheme of arrangement (Scheme) for the proposed acquisition by Kohlberg Kravis Roberts & Co.

(MENAFN – ABN Newswire)

MYOB Group Limited (ASX:MYO) (MYOB or Company) is pleased to announce that the Federal Court of Australia has approved the convening of a meeting of MYOB Shareholders to vote on the Scheme for the proposed acquisition by KKR of all the remaining shares in MYOB that it does not currently own.(see Note below)

– The Independent Expert, Grant Samuel & Associates Pty Limited (Grant Samuel), has concluded that the scheme of arrangement (Scheme) for the proposed acquisition by Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, KKR) is fair and reasonable, and therefore, is in the best interests of MYOB Shareholders, in the absence of a Superior Proposal

– MYOB Directors unanimously recommend that MYOB Shareholders vote in favour of the Scheme, in the absence of a Superior Proposal and subject to the Independent Expert continuing to recommend that the Scheme is in the best interests of MYOB shareholders

– The Scheme Meeting is scheduled to be held on Wednesday, 17 April 2019

Information relating to the Scheme, including the Notice convening the Scheme Meeting and an Independent Expert’s Report, are included in the attached Scheme Booklet.

The Scheme Booklet was registered by the Australian Securities and Investments Commission (ASIC) on 13 March 2019 and is attached to this announcement. The Scheme Booklet is also available on the MYOB investor website at http://investors.myob.com.au.

Copies of the Scheme Booklet and relevant forms will be sent to MYOB Shareholders (via their elected preference) in due course.

Independent Expert Report

The Independent Expert, Grant Samuel, has concluded that the Scheme is fair and reasonable, and therefore, is in the best interests of MYOB Shareholders in the absence of a Superior Proposal. Grant Samuel’s conclusion should be read in context with the full Independent Expert’s Report and the Scheme Booklet attached to this announcement.

The Independent Expert has assessed the full underlying value of MYOB at between $3.19 and $3.69 per MYOB share. The KKR offer to acquire MYOB for $3.40 per share all cash consideration is within this range.

The Independent Expert stated the following in its report:

“Grant Samuel has concluded that the KKR Proposal is fair and reasonable and in the best interests of MYOB Shareholders.”

“The valuation represents the estimated full underlying value of MYOB and includes a premium for control. The value exceeds the price at which, based on current market conditions, Grant Samuel would expect MYOB shares to trade on the ASX in the absence of a takeover offer.”

MYOB Board Recommendation

The MYOB Directors unanimously recommend that MYOB shareholders vote in favour of the Scheme, in the absence of a Superior Proposal and subject to the Independent Expert continuing to consider the Scheme to be in the best interests of MYOB Shareholders. Subject to these qualifications, the MYOB Directors intend to vote all of the MYOB shares held or controlled by them in favour of the Scheme.

Scheme Meeting

The Scheme Meeting will take place at 3:00pm (AEST) on Wednesday, 17 April 2019 at MYOB Offices, Level 8, 45 Clarence Street, Sydney NSW 2000. All MYOB shareholders are encouraged to vote either by attending the Scheme Meeting in person, or by lodging a proxy vote by 3:00pm on Monday, 15 April 2019. Details of how to lodge a proxy vote are included on the proxy form and in the Scheme Booklet.

Indicative timetable

Event: Despatch of Scheme Booklet

Expected date: On or before 19 March 2019

Event: Scheme Meeting to vote on the Scheme

Expected date: 3:00pm (AEST) on 17 April 2019

Event: Second court date for approval of the Scheme

Expected date: 1:45pm (AEST) on 24 April 2019

Event: Effective Date of the Scheme

Expected date: 24 April 2019

Event: Record Date

Expected date: 2 May 2019

Event: Implementation Date

Expected date: 8 May 2019

The key dates in relation to the Scheme are set out in full within the Scheme Booklet.

Note: KKR currently has a legal and economic interest in MYOB shares of approximately 19.9%

To view the Scheme Booklet, please visit:

http://abnnewswire.net/lnk/L61PDO52

MYOB Group Ltd ( ASX:MYO ) is a leading provider of online business management solutions. It makes business life easier for approximately 1.2 million businesses and accountants across Australia and New Zealand by simplifying accounting, payroll, tax, practice management, CRM, job costing, inventory and more. MYOB operates across three core segments – Clients and Partners (business solutions to SMEs and Advisers); Enterprise Solutions (larger businesses) and Payment Solutions. It provides ongoing support through client service channels including a network of over 40,000 accountants, bookkeepers and other consultants. It is committed to ongoing innovation, particularly through its Connected Practice Strategy and through the development of the MYOB Platform. For more information, follow @MYOB on Twitter or visit http://investors.myob.com.au/Investors

Investor and AnalystChristina NallaiahHead of Investor RelationsT: +61-2-9089-9122M: +61-468-362-553E: nquiriesClive MathiesonManaging Director, Cato & CleggM: +61-411-888-425E:

MENAFN1303201901110000ID1098249906

Myob Group Ltd (ASX:MYO) Releases Scheme Booklet and Sets Scheme Meeting Date

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Comerica Bank Trimmed Its Agilent Technologies (A) Holding; Sei Investments Company Has …

Some Historical MMM News: 04/04/2018 – C3 IOT ANNOUNCED MULTI-YEAR AGREEMENT WITH 3M TO PROVIDE C3 IOT Al AND IOT …

Agilent Technologies, Inc. (NYSE:A) Logo

Comerica Bank decreased Agilent Technologies Inc (A) stake by 10.74% reported in 2018Q4 SEC filing. Comerica Bank sold 9,557 shares as Agilent Technologies Inc (A)’s stock rose 12.10%. The Comerica Bank holds 79,428 shares with $5.84M value, down from 88,985 last quarter. Agilent Technologies Inc now has $25.44B valuation. The stock increased 0.25% or $0.2 during the last trading session, reaching $80.13. About 1.49M shares traded. Agilent Technologies, Inc. (NYSE:A) has risen 18.92% since March 13, 2018 and is uptrending. It has outperformed by 14.55% the S&P500. Some Historical A News: 22/05/2018 – AGILENT TECHNOLOGIES INC A.N – SIGNED A DEFINITIVE AGREEMENT TO ACQUIRE AGILENT-RELATED BUSINESS FROM YOUNG IN SCIENTIFIC CO. LTD; 14/05/2018 – AGILENT TECHNOLOGIES INC A.N SEES FY 2018 REVENUE $4.85 BLN TO $4.87 BLN; 21/03/2018 – Agilent Declares Dividend of 14.9c; 18/04/2018 – Agilent: Complaint Alleges Trade Secrets Were Illegally Obtained by Former Employees; 30/03/2018 – FTC Requests Public Comment on Agilent Technologies, Inc.’s Application to Approve Cross-License Agreement; 18/04/2018 – AGILENT TECHNOLOGIES INC – LAWSUIT ALLEGES INFRINGEMENT OF TRADE SECRETS, COPYRIGHT OF COMPUTER SOFTWARE; 07/03/2018 – AGILENT TECHNOLOGIES TO BUY ADVANCED ANALYTICAL TECHNOLOGIES,; 16/04/2018 – Agilent Announces Departure of Patrick Kaltenbach; 26/04/2018 – Agilent Expands Portfolio of In Situ Hybridization Probes for Clinical Testing; 15/05/2018 – Cubist Adds GoDaddy, Exits Deere, Buys More Agilent: 13F

Sei Investments Company increased 3M Co (MMM) stake by 13.5% reported in 2018Q4 SEC filing. Sei Investments Company acquired 9,712 shares as 3M Co (MMM)’s stock rose 1.23%. The Sei Investments Company holds 81,641 shares with $16.72 million value, up from 71,929 last quarter. 3M Co now has $119.00B valuation. The stock increased 0.42% or $0.86 during the last trading session, reaching $206.66. About 2.03M shares traded. 3M Company (NYSE:MMM) has declined 10.58% since March 13, 2018 and is downtrending. It has underperformed by 14.95% the S&P500. Some Historical MMM News: 04/04/2018 – C3 IOT ANNOUNCED MULTI-YEAR AGREEMENT WITH 3M TO PROVIDE C3 IOT Al AND IOT SOFTWARE PLATFORM TO SUPPORT 3M’S DIGITAL TRANSFORMATION; 24/04/2018 – Anglo American 1Q Minas-Rio Production Decreased by 30% to 3M Tons; 29/03/2018 – Poland 3M Wibor at 1.72% by End-2Q18 vs 1.73% Prior (Survey); 09/04/2018 – REG-Interim Report 3M:2018; 15/05/2018 – 3M Co Presenting at Electrical Products Group Conference May 21; 01/05/2018 – LAUNCH: ANZ BANK NEW 5-YR BENCHMARK DEAL AT 3M BBSW +93BP AREA; 30/05/2018 – 3M INDIA 4Q NET INCOME 930.5M RUPEES VERSUS 903.9M RUPEES; 09/03/2018 – UK JAN GOODS EXPORT VOLUMES -2.5 PCT 3M/3M, IMPORT VOLUMES +0.5 PCT 3M/3M; 16/03/2018 – Canada 3M CDOR Yield at 1.75% by End-2Q vs 1.74% Prior (Survey); 21/03/2018 – China 3M Shibor Yield at 4.73% by End-1Q18 (Survey)

Sei Investments Company decreased Nuance Communications Inc (NASDAQ:NUAN) stake by 100,553 shares to 391,000 valued at $6.71 million in 2018Q4. It also reduced American Eagle Outfitters Ne (NYSE:AEO) stake by 81,871 shares and now owns 77,217 shares. Ferro Corp (NYSE:FOE) was reduced too.

Since October 26, 2018, it had 1 buy, and 10 insider sales for $17.26 million activity. Bushman Julie L also sold $624,295 worth of 3M Company (NYSE:MMM) shares. The insider Gangestad Nicholas C sold 4,681 shares worth $942,450. THULIN INGE G had sold 13,290 shares worth $2.66M. Vrohidis Ippocratis sold $1.63M worth of stock. 1,000 3M Company (NYSE:MMM) shares with value of $184,500 were bought by PAGE GREGORY R. Shares for $3.22 million were sold by Bauman James L on Monday, February 11. Keel Paul A sold $1.87M worth of stock or 9,410 shares.

More important recent 3M Company (NYSE:MMM) news were published by: Fool.com which released: “What 3M Management’s Plans Mean for Investors – Motley Fool” on March 13, 2019, also 247Wallst.com published article titled: “3M Pledges to Move to 100% Renewable Energy Over Time – 24/7 Wall St.”, Bizjournals.com published: “Microbial detective firm lands $14 million from 3M, others to track global supply chain from dust to data – San Francisco Business Times” on February 14, 2019. More interesting news about 3M Company (NYSE:MMM) was released by: Gurufocus.com and their article: “US Market Indexes Close Higher Monday – GuruFocus.com” with publication date: March 11, 2019.

Investors sentiment decreased to 0.8 in Q4 2018. Its down 0.23, from 1.03 in 2018Q3. It fall, as 70 investors sold MMM shares while 588 reduced holdings. 122 funds opened positions while 407 raised stakes. 398.67 million shares or 7.34% more from 371.40 million shares in 2018Q3 were reported. Windsor Capital Mgmt Llc stated it has 0.21% in 3M Company (NYSE:MMM). Boston Family Office Limited Company holds 33,736 shares. D E Shaw & Co holds 6,756 shares or 0% of its portfolio. Norinchukin Financial Bank The holds 0.84% or 316,371 shares. Bessemer Gp accumulated 578,657 shares or 0.48% of the stock. Milestone Grp Inc holds 0.04% in 3M Company (NYSE:MMM) or 1,397 shares. Lvw Advsrs Limited owns 0.1% invested in 3M Company (NYSE:MMM) for 1,514 shares. Valmark Advisers holds 0.01% in 3M Company (NYSE:MMM) or 1,587 shares. Culbertson A N & Co reported 37,974 shares. Puzo Michael J reported 3.7% of its portfolio in 3M Company (NYSE:MMM). Moreover, Whittier Trust has 1.28% invested in 3M Company (NYSE:MMM) for 194,732 shares. Wilkins Counsel reported 43,922 shares stake. Provident Invest Inc holds 0.05% in 3M Company (NYSE:MMM) or 1,550 shares. Inspirion Wealth Advsr Limited Co reported 3,845 shares. Legacy Private Tru reported 3,629 shares.

Among 6 analysts covering 3M (NYSE:MMM), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. 3M had 10 analyst reports since September 28, 2018 according to SRatingsIntel. The stock of 3M Company (NYSE:MMM) earned “Neutral” rating by UBS on Wednesday, October 24. The company was maintained on Friday, November 16 by Deutsche Bank. As per Friday, September 28, the company rating was maintained by Deutsche Bank. The firm earned “Outperform” rating on Wednesday, October 24 by Credit Suisse. On Wednesday, October 24 the stock rating was maintained by Barclays Capital with “Underweight”. The firm has “Buy” rating by Citigroup given on Wednesday, October 24. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Argus Research on Wednesday, October 24. Barclays Capital maintained the shares of MMM in report on Monday, November 19 with “Underweight” rating. Barclays Capital maintained 3M Company (NYSE:MMM) on Thursday, January 3 with “Underweight” rating.

Among 7 analysts covering Agilent Technologies (NYSE:A), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Agilent Technologies had 10 analyst reports since October 10, 2018 according to SRatingsIntel. The rating was maintained by Jefferies on Thursday, February 21 with “Buy”. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, November 20. On Wednesday, February 20 the stock rating was maintained by Robert W. Baird with “Buy”. The stock of Agilent Technologies, Inc. (NYSE:A) has “Buy” rating given on Thursday, February 21 by Deutsche Bank. Barclays Capital maintained it with “Overweight” rating and $83 target in Thursday, February 21 report. Deutsche Bank maintained Agilent Technologies, Inc. (NYSE:A) on Tuesday, February 12 with “Buy” rating. The firm has “Buy” rating by Needham given on Monday, February 25. On Thursday, February 21 the stock rating was maintained by J.P. Morgan with “Buy”. The rating was maintained by Morgan Stanley with “Overweight” on Wednesday, October 10.

Since November 28, 2018, it had 0 insider purchases, and 6 insider sales for $5.27 million activity. $658,748 worth of Agilent Technologies, Inc. (NYSE:A) shares were sold by Grau Dominique. 17,949 shares valued at $1.35M were sold by McMullen Michael R. on Tuesday, December 4. Shares for $106,590 were sold by Gonsalves Rodney.

Comerica Bank increased Vici Pptys Inc stake by 23,625 shares to 37,936 valued at $816,000 in 2018Q4. It also upped Ishares Msci Eafe Growth Index (EFG) stake by 63,179 shares and now owns 100,759 shares. Alliance Data Sys Corp (NYSE:ADS) was raised too.

Analysts await Agilent Technologies, Inc. (NYSE:A) to report earnings on May, 13. They expect $0.71 earnings per share, up 9.23% or $0.06 from last year’s $0.65 per share. A’s profit will be $225.44 million for 28.21 P/E if the $0.71 EPS becomes a reality. After $0.76 actual earnings per share reported by Agilent Technologies, Inc. for the previous quarter, Wall Street now forecasts -6.58% negative EPS growth.

3M Company (NYSE:MMM) Institutional Positions Chart

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