Oclaro (OCLR) Tops Q4 EPS by 8c; Guides Above the Street

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Oclaro Announces Fourth Quarter and Fiscal Year 2016 Financial Results

August 2, 2016 4:05 PM EDT

SAN JOSE, Calif., Aug. 2, 2016 /PRNewswire/ -- Oclaro, Inc. (Nasdaq: OCLR), a leading provider and innovator of optical communications solutions, today announced the financial results for its fourth quarter and fiscal year 2016, which ended July 2, 2016.

"The results we achieved in the fourth quarter represent an all-time Oclaro record for gross margin and operating income. Our excellent performance was driven by the strength of our 100G product line revenues, which grew 36 percent sequentially, including a significant contribution from our CFP2-ACO product line," said Greg Dougherty, Chief Executive Officer,... More