Oclaro Announces Second Quarter Fiscal Year 2017 Financial Results

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Oclaro (OCLR) PT Raised to $15 at Piper Jaffray

February 1, 2017 9:45 AM EST

Piper Jaffray raised its price target on Oclaro (NASDAQ: OCLR) to $15.00 (from $13.00) while maintaining a Overweight rating.

Analyst Troy Jensen commented, "Oclaro reported FQ2 results in-line with the companys positive preannouncement, and provided upbeat FQ3 guidance, with revenues, gross margin and... More

Oclaro (OCLR) Tops Q2 EPS by 3c; Guides Q3 Revs Above the Street

January 31, 2017 4:06 PM EST

Oclaro (NASDAQ: OCLR) reported Q2 EPS of $0.21, $0.03 better than the analyst estimate of $0.18. Revenue for the quarter came in at $153.9 million versus the consensus estimate of $153.52 million.

GUIDANCE:

Oclaro sees Q3 2017 revenue of $156-164 million, versus the consensus of $146... More