Oclaro (OCLR): Management Meetings Show Tracking Ahead Of Guidance - Piper Jaffray

September 6, 2016 9:13 AM EDT
Get Alerts OCLR Hot Sheet
Price: $8.18 -3.65%

Rating Summary:
    12 Buy, 2 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Piper Jaffray analyst, Troy Jensen, reiterated his Overweight rating on shares of Oclaro (NASDAQ: OCLR) after holding investor meetings with the CEO and CFO of Oclaro to get an update on optical demand trends and the current state of the 100G cycle. He walked away incrementally more bullish on the sustainability of the cycle and Oclaro's positioning in key markets. The upbeat tone Oclaro had with regards to China visibility well into CY17, Verizon’s Metro build-out ramp and the inflection from hyper scale datacenters upgrading to 100G continuing offered confidence OCLR is tracking at or above the high-end of FQ1 guidance.

No change to the price target of $9.

For an analyst ratings summary and ratings history on Oclaro click here. For more ratings news on Oclaro click here.

Shares of Oclaro closed at $8.39 yesterday.

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