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

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

Oclaro Announces Second Quarter Fiscal Year 2017 Financial Results

January 31, 2017 4:05 PM EST

SAN JOSE, Calif., Jan. 31, 2017 /PRNewswire/ -- Oclaro, Inc. (Nasdaq: OCLR), a leading provider and innovator of optical communications solutions, today announced the financial results for its second quarter of fiscal year 2017, which ended December 31, 2016.

"Our December quarter was very strong with improvement in all our financial metrics. Revenue increased 14 percent from the first quarter of fiscal 2017, and 64 percent from the same quarter last year, with demand for our newer 100G and beyond products driving this excellent growth. In addition, we had record gross margin and operating income resulting from... More