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
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
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
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.
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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.
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More
