Oclaro Announces First Quarter Fiscal Year 2016 Financial Results
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November 4, 2015 7:24 AM EST
B. Riley upgraded Oclaro (NASDAQ: OCLR) from Neutral to Buy with a price target of $4.00.
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 $3.16 yesterday.
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November 4, 2015 6:54 AM EST
Needham & Company reiterated a Buy rating on Oclaro (NASDAQ: OCLR), and raised the price target to $4.50 (from $3.75), following the company's CY3Q earnings results. Oclaro reported its CY3Q results which came in well ahead of initial forecasts and in-line with the prior positive... More
November 3, 2015 5:22 PM EST
Oclaro (NASDAQ: OCLR) reported Q1 EPS of ($0.03), $0.02 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $87.5 million versus the consensus estimate of $86 million.
Oclaro sees Q2 2015 revenue of $88-94 million, versus the consensus of $90.6 million.
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