Needham & Company Reiterates Buy on Oclaro (OCLR) Following 3Q - PT to $7
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Oclaro Announces Third Quarter Fiscal Year 2016 Financial Results
May 3, 2016 4:05 PM EDTSAN JOSE, Calif., May 3, 2016 /PRNewswire/ -- Oclaro, Inc. (Nasdaq: OCLR), a leading provider and innovator of optical communications solutions, today announced the financial results for its third quarter of fiscal year 2016, which ended March 26, 2016.
"The March quarter represents our third consecutive quarter of approximately 7 percent sequential revenue growth. In addition, in spite of the seasonal price reductions, we delivered strong gross margin and operating income. These results are a testament to our improved execution and the strength of our 100G product lines, which grew by 18% over Q2," said Greg Dougherty, Chief... More
