Oclaro (OCLR) Tops Q3 EPS by 2c; Guides Q4 Revs Above the Street
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Piper Jaffray Raises Price Target on Oclaro (OCLR) to $6.75 Following 3Q Beat
May 4, 2016 9:27 AM EDTPiper Jaffray reiterated an Overweight rating on Oclaro (NASDAQ: OCLR), and raised the price target to $6.75 (from $6.50), following the company's 3Q earnings report. Revenues were reported at $2.6M, higher than the Street, and exceeded the mid-point of the companys prior guidance ($97 103M). Non-GAAP earnings per share were slightly ahead of... More
Needham & Company Reiterates Buy on Oclaro (OCLR) Following 3Q - PT to $7
May 4, 2016 8:03 AM EDTNeedham & Company reiterated a Buy rating on Oclaro (NASDAQ: OCLR), and raised the price target to $7.00 (from $6.50), following the company's 3Q earnings report. Needham Increased CY16 revenue estimates to $467MM from $439MM, and EPS to $0.19 from $0.13.
Analyst Alex Henderson commented,... More
