Lumentum To Acquire Oclaro For $1.8B In Cash And Stock

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Go back to Lumentum To Acquire Oclaro For $1.8B In Cash And Stock

Stifel Reiterates Buy on Lumentum Holdings (LITE) Following Investor Meetings

March 14, 2018 7:03 AM EDT

Stifel reiterated a Buy rating and $79.00 price target on Lumentum Holdings (NASDAQ: LITE) following the company's investor sessions at the 2018 Optical Fiber Communication Conference and Exposition. Discussions focused primarily on 3D sensing, with additional touch points on the Oclaro acquisition, ROADMs, 400G timing,... More

Lumentum (LITE) PT Raised to $79 at Stifel; Positive on Oclaro Deal

March 12, 2018 11:34 AM EDT

Stifel raised its price target on Lumentum (NASDAQ: LITE) to $79.00 (from $66.00) while maintaining a Buy rating after the company agreed to acquire Oclaro.

Analyst Patrick Newton commented, "We positively view the transaction as we have written for multiple years that the optical communications... More

Stifel Downgrades Oclaro (OCLR) to Hold Following Acqusition

March 12, 2018 11:32 AM EDT

Stifel downgraded Oclaro (NASDAQ: OCLR) from Buy to Hold with a price target of $10.00 (from $8.00) after the company agreed to be acquired.

For an analyst ratings summary and ratings history on Oclaro click here. For more ratings news on Oclaro click here.

Shares of Oclaro closed at $7.85 yesterday.

... More

Loop Capital Downgrades Oclaro (OCLR) to Hold Following Acquisition

March 12, 2018 11:02 AM EDT

Loop Capital downgraded Oclaro (NASDAQ: OCLR) from Buy to Hold with a price target of $10.00 after the company agreed to be acquired by LITE.

For an analyst ratings summary and ratings history on Oclaro click here. For more ratings news on Oclaro click here.

Shares of Oclaro closed at $7.85 yesterday.

... More