Oclaro Announces Fourth Quarter and Fiscal Year 2016 Financial Results
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Piper Jaffray Raises Price Target on Oclaro (OCLR) to $7.50 Following 4Q Beat and Raise
August 3, 2016 7:55 AM EDTPiper Jaffray reiterated an Overweight rating on Oclaro (NASDAQ: OCLR), and raised the price target to $7.50 (from $6.75), following the company's 4Q earnings report. Revenues of $125.2M increased 23.9% sequentially. Revenues were $5.6 million higher than the Street, and exceeded the high-end of the companys prior guidance ($115 123M). Oclaros upbeat results were driven by their 100G optical portfolio, which... More
Oclaro (OCLR) Tops Q4 EPS by 8c; Guides Above the Street
August 2, 2016 4:11 PM EDTOclaro (NASDAQ: OCLR) reported Q4 EPS of $0.14, $0.08 better than the analyst estimate of $0.06. Revenue for the quarter came in at $125.2 million versus the consensus estimate of $119.66 million.
"The results we achieved in the fourth quarter represent an all-time Oclaro record for gross margin and... More
