Oclaro (OCLR): Buy Ahead Of The Quarter - Needham

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Go back to Oclaro (OCLR): Buy Ahead Of The Quarter - Needham

MKM Partners Reiterates Buy on Oclaro (OCLR) - PT to $11

November 2, 2016 11:10 AM EDT

MKM Partners reiterated a Buy rating on Oclaro (NASDAQ: OCLR), and raised the price target to $11.00 (from $10.00), following the company's 1Q earnings report. Revenues grew 8% sequentially to $136mn, which was $4mn above estimates. EPS came in at $0.14, or four-cents per share better than estimates.

Analyst... More

Needham & Company Raises price Target on Oclaro (OCLR) to $14

November 2, 2016 8:24 AM EDT

Needham & Company reiterated a Strong Buy rating on Oclaro (NASDAQ: OCLR), and raised the price target to $14.00 (from $11.00), following the company's 1Q report. Oclaro visited ZTE last week. ZTE expects very strong optical growth on a continuing basis in CY4Q and CY17.

Analyst Alex... More