B. Riley Upgrades Oclaro (OCLR) to Buy

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Go back to B. Riley Upgrades Oclaro (OCLR) to Buy

Oclaro Announces First Quarter Fiscal Year 2016 Financial Results

November 3, 2015 4:05 PM EST

SAN JOSE, Calif., Nov. 3, 2015 /PRNewswire/ -- Oclaro, Inc. (Nasdaq: OCLR), a leading provider and innovator of optical communications solutions, today announced the financial results for its first quarter of fiscal year 2016, which ended September 26, 2015.

"I am very pleased with our first quarter results and would like to recognize and thank the entire Oclaro team for their accomplishments," said Greg Dougherty, Oclaro's Chief Executive Officer. "In addition to reaching our first milestone of generating positive Adjusted EBITDA, we also achieved non-GAAP operating income. These accomplishments resulted primarily from planned cost reductions,... More