ACI Worldwide, Inc. (ACIW) stock prices updated...
 

ACI Worldwide, Inc. stock price

ACI Worldwide, Inc. latest news:


  • 12/13/2017 06:34:55

    Lumentum stock falls as Apple makes investment in rival Finisar

    Shares of Lumentum Holdings Inc. are down 8.7% in premarket trading Wednesday following news that Apple Inc. was investing $390 million in Finisar Corp. , one of Lumentum's competitors. Both companies make vertical-cavity surface-emitting lasers, or VCSELs, which help enable 3D-sensing capabilities and facial recognition. In a release, Apple said that its investment in Finisar would "enable Finisar to exponentially increase its R&D spending and high-volume production" of VCSELs. "In the fourth quarter of 2017, Apple will purchase 10 times more VCSEL wafers than were previously manufactured worldwide over a similar time period," the company added. As of Tuesday's close, Apple shares were up 48% so far in 2017, compared with a 34% gain for Lumentum and a 36% drop for Finisar. The S&P 500 Index has gained 19%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • More trends:

    ACNB CorporationACNB | Acorda Therapeutics, Inc.ACOR | Actions Semiconductor Co., Ltd.ACTS | Active Power, Inc.ACPW | Activision Blizzard, IncATVI | Actua CorporationACTA | Acura Pharmaceuticals, Inc.ACUR | Acxiom CorporationACXM | Adamas Pharmaceuticals, Inc.ADMS | Adamis Pharmaceuticals CorporationADMP |