Oclaro Announces Third Quarter Fiscal Year 2017 Financial Results
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Oclaro (OCLR) PT Lowered to $12 at Jefferies; Sees Compelling Entry Point
May 3, 2017 7:28 AM EDTJefferies lowered its price target on Oclaro (NASDAQ: OCLR) to $12.00 (from $14.00) while maintaining a Buy rating.
Analyst James Kisners said despite weak guidance they were pleased with Oclaro's gross margin performance and outlook suggesting healthy industry dynamics and product... More
Oclaro (OCLR) PT Lowered to $13 at Cowen; China Pause is 'Transitory'
May 3, 2017 6:18 AM EDTCowen lowered its price target on Oclaro (NASDAQ: OCLR) to $13.00 (from $17.00) while maintaining a Outperform rating following disappointing guidance.
Analyst Paul Silverstein noted the weak guidance driven by slowdown in China end-demand and product transition. That said, they believe the... More
Oclaro (OCLR) Tops Q3 EPS by 3c, Q4 Revenue Guidance Falls Short
May 2, 2017 4:24 PM EDTOclaro (NASDAQ: OCLR) reported Q3 EPS of $0.23, $0.03 better than the analyst estimate of $0.20. Revenue for the quarter came in at $162.2 million versus the consensus estimate of $160.19 million.
GUIDANCE:
Oclaro sees Q4 2017 revenue of $144-152 million, versus the consensus of $163.6... More
